The German Bundesanzeiger has published the annual report about the financials and position of the Leica Company. These are the highlights:
Total turnover increased by 10% from €294M to €325M. The system camera production was reduced from €161M to €144M. The results for the SL were 7% down, but the Q and the Sofort were up.
The increase in turnover was the result of the licencing business, specifically the Huawei connection. The conclusion: turnover has been increased, but caused by the licencing business with Huawei. The turnover of the three core units: photo, professional photo and sportoptics was disappointing.