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German camera and optics manufacturer Leica reported on Tuesday that its annual turnover hit a record level for the third time in a row. The venerable brand based in the town of Wetzlar, near Frankfurt, posted revenue of €485 million ($522 million) in the 2022-23 fiscal year that ended last March. This was an increase of 9% compared to the previous financial year. The Leica Camera Group, which is owned by majority shareholder Andreas Kaufmann and US investor Blackstone, does not publish profit figures. Leica has received strong reviews for its new M11-P 35mm film camera. The company touts the …

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