fiscal year

Leica posts big sales bump

It has been a good fiscal year for Leica, with the company reporting an increase in sales of over 50 percent for 2010/2011.

From April 1 2010 to March 31 2011 Leica Camera AG saw a 57.3 percent increase in sales compared to the previous year, going from €158.2 million to €248.9 million.

The company’s pre-tax earnings improved six-fold on the previous year from €7.4 million to €42.4 million and net income went from €3.2 million to €30.4 million.

Leica attributes the success to ongoing popularity of products from the Leica M system, professional S series and the company’s casual compact range.

The record sales figures mean that the manufacturer will be paying a €0.3 dividend per share to stockholders, a payout totaling €5.0 million and the first time Leica has been able to pay a dividend since 1997.

It is certainly a reversal of fortunes for a company that suffered heavily for its stubborn support of film photography as the rest of the industry raced into the digital era.