Leica Expects Moderate Growth After Record Year

The Leica Camera 2011/2011 Annual Report is out (but only in German presently). In a nutshell, from FinanzNachrichten.de:

After a rapid profit and revenue growth in fiscal year 2010/2011, the camera maker Leica expects this year with a weaker growth. The sales should rise by 3 to 5 percent, while earnings before interest and taxes (EBIT) of over € 20 million are the company from the Central Hessian Solms said in its annual report released on Monday ahead. 2012/2013 will also be expected with similar results.

In late March fiscal year 2010/2011 Leica had its result (EBIT) nearly sixfold to 42 million €. Reason for the subdued earnings forecast is reported to have high levels of investment.

2010/2011 Leica sales increased by 57.3 percent to a record 248.8 million euros. The net profit rose sharply from 3.2 million to 36.4 million euros. The reason was, among other things, the high demand for the digital camera series from Leica. For the first time since 1997, the shareholders of the company, which had fallen because of late entry into the digital photography in the past to the crisis, again to receive a dividend. The AGM is a dividend of 0.30 euros per share certificate vorgeschlagen.

Back in June, Leica Camera reported record sales and the intent to pay dividends - for the first time since 1997.