Olympus financial report released: Imaging Business reports big loss in revenue
Olympus released the Q3 financial report. And while the company as a whole is doing ok the Imaging Business reported a major revenue loss. Also the forecast had to be revised down:
Part of the loss lies in “The impacts of ceased operations at the Chinese manufacturing subsidiary”. So this should be a one time loss only. But another more important cause of the loss is the “intensified competition“.
We have to keep in mind that Olympus did not announce new products at last years Photokina and this certainly had a big impact on their financial results. I hope the new E-M1X and the next new product launches will invert this trend.