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Cameras trigger Leica growth
Thursday 19th June 2008
Chris Cheesman
A 25% boost in sales of Leica compact cameras led to a 7.3% surge in the group's turnover for the year to 31 March 2008.
Sales of compact cameras shot up by 10.1m to 49.5m, with the D-Lux 3, C-Lux 2 and V-Lux models named as the star performers, according to financial statements released yesterday.
Meanwhile, sales of Leica's M8 digital rangefinder and lens system increased by 3.6m to 57.2m.
In contrast, sales of sports optics equipment such as binoculars fell 3.1% to 29.7m.
Leica Camera AG's total sales rose from 145.7m in 2007, to 156.2m this year.
Net income stood at 3m, compared with the 0.5m figure achieved by the group last year.
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