Linn - Year End finance report - they're doing ok

[whizzkid]

I can understand the dislike of the Linn sound compared to many other kit its bit gray tonally and thin sounding but I find it hits the spot with its clarity, timing, detail and insight into the recording, so as ever its upto what you want from you HiFi. The good thing about looking at Linns finances is that it shows how their kit may seem to be way over priced but in reality its not as roughly 12.5% pre tax profits seem reasonable to me.

 

[def]

Linn figures are even more impressive when looked at in context

http://www.theaudiobeat.com/news/mcintosh.htm

If these figures are to be believed it appears that Linn alone accounts for about half as much business as Sonus Faber, Audio Research, Wadia and Sumiko together!

Well done the Scots

 

[HectorHughMunro]

Really £2.19m isn't that much. A globally significant company and they only make as much as a decent sized house costs in zone 1 central London. I also saw a statistic that the whole US high end market is worth less than a company like Breitling.

 

[uctpa08]

Linn aren't a globally significant company. Their turnover was £17m. On that basis, £2.2m profit is a great performance. But for all the 'big name', Linn are small.

 

[The Strat]

Linn aren't a globally significant company. Their turnover was £17m. On that basis, £2.2m profit is a great performance. But for all the 'big name', Linn are small.

No they may not be significant in turnover/profit terms but their success globally as a small enterprise is excellent - and not just Linn but the other UK providers.

 

[uctpa08]

Agreed. If only they could prove it by making a level of profit sufficient to buy a *large* house in Zone 1... :doh:

 

[MrSammy]

Let us hope that they run it like a traditional German family manufacturing business where the longer term prospects of the company take over from the immediate concerns of next quarter's profits. I would like to them to be around in 50 years time still employing people.

Central London housing is now just for the world's ultra rich to hedge themselves against inflation and their own currencies deflating.

 

[The Strat]

Let us hope that they run it like a traditional German family manufacturing business where the longer term prospects of the company take over from the immediate concerns of next quarter's profits. I would like to them to be around in 50 years time still employing people.

Amen.

 

[twoblacklines]

I was wondering how companies such as Accoustic Energy make a profit only the other day.

Designed and Engineered in England, Made in Malaysia, so cheap labour but high quality.

Yet the company networth is MINUS £980k, howcome they havent gone under?

 

[uctpa08]

Because their cashflow is sufficient to cover their day to day needs, and their creditors haven't called in their debts. In practice, they're likely to have investors who are 'waiting' for their return to show up.

 

[The Strat]

I did maths on it - they seem to be saying they sell a turntable a day. I would have expected more than that.

I would have thought that pretty good. Combined with their being so many LP12s in use there must be good business in parts and upgrades.

 

[peterbj]

glad to see they are making a profit where so many others are not ,long may it continue

 

[Gforce]

It's good to see Linn managing to stay in profit :^

had the fruitbox for over 20yrs and I still enjoy it on the rare occasions I'm not listening to digital these days, only recently got into trying out the Linto and LK100 but they sound nice with my setup and "Grey" is not how I would describe the sound I'm hearing.

 

[aswillman]

No idea what their stuff is like but good on them.