interim report january-march 2004
DESCRIPTION
Interim Report January-March 2004. Ray Mauritsson, CEO. Highlights Q1 2004. Continued growth for Video, +23% Weak sales development for Print Launch of new generation video products. Financial performance Q1 2004. Net sales: SEK 152 M (153) - PowerPoint PPT PresentationTRANSCRIPT
M A K E Y O U R N E T W O R K S M A R T E R
Interim Report January-March 2004
Ray Mauritsson, CEO
Highlights Q1 2004
Continued growth for Video, +23% Weak sales development for Print Launch of new generation video
products
Financial performance Q1 2004
Net sales: SEK 152 M (153) Currency effects impacted
negatively: SEK 14 M Operating loss: -6 M (1)
Sales Q1 2004
64%Print 28%
Scan & Store 3%
Access and other 5%
Video
23%
26%
51%
Asia
Americas
EMEA
Sales by Product Group Sales by Region
Sales by quarter
Q1: Continued growth
in Video Currency effects
and weak Print sales
MSEK
2004
Video
Other
2003
0
20
40
60
80
100
120
140
160
180
Q1 Q2 Q3 Q4 Q1
EBIT by quarter
-10
-5
0
5
10
15
20
25
30
Q1 -03 Q2 -03 Q3 -03 Q4 -03 Q1 -04
MkrQ1: Gross margin:
49.3% (53.7) Operating margin:
-3.9% (0.4)
Gross margin by quarter
0
10
20
30
40
50
60
Q1 -03 Q2 -03 Q3 -03 Q4 -03 Q1 -04
%
This is Axis
A global market leader in network connectivity
20 years of network experience Sales in more than 70 countries Global network of distributors,
systems integrators, resellers and solution partners
Axis’ two main product areas
Network Video Products Worldwide #1 position Axis’ largest product area,
64% of sales An installed base of more
than 300,000 units
Network Print Servers Worldwide #2 position 28% of Axis’ sales An installed base of more
than 2,000,000 units
Strategic direction
Maximize the video opportunity
Protect the printing business
Nurture new ideas for future growth
A growing video market
Significant growth potential¬ Growing interest in surveillance and
security¬ Shift from analog to digital solutions¬ New technical possibilities
0
50
100
150
200
250
300
350
400
-98 -99 -00 -01 -02 -03
SEK M
Video sales development 1998-2003
Benefits of network video
Remote access to Video from any location
Low start-up and operating costs Flexible and scalable solutions
based on open standards¬ Integration possibilities
Future proof technology
Axis compared with the competition
Dedicated to IP solutions Global coverage Easily available Widest range Own technology Over 150 ADP partners
Axis’ competitive advantage
Own ASIC and compression chip¬ Performance, image quality and lower cost¬ ETRAX and ARTPEC
Experience¬ 9 years of imaging experience¬ 20 years of networking experience
Only open standards
Trends - Technology
New technology is opening up possibilities in image quality and functionalities
Examples:
¬ Megapixel ¬ Pictures scalable to any format¬ License plate recognition¬ Digital PTZ
101001010100011101
New generation video products
Aggressive roadmap
New compression techniques Higher resolution Full frame rate Built-in wireless solution Power over Ethernet Dome cameras
Axis’ core technology: ARTPEC-2
Real-time compression¬ Up to 45 Megapixel/second
Support for multiple Motion JPEG streams and for MPEG-4 part 2,
Support for a range of CCD and CMOS sensors
Superior image quality¬ Sharpening¬ Backlight compensation¬ Noise reduction¬ White balance
New generation video servers
AXIS 241S ¬ 1 channel video server¬ 768x576, up to 30 fps¬ PTZ control ¬ Video motion detection¬ Strong security package
AXIS 241Q, 4 channels¬ Same as above with 4 channels¬ 30 fps on all channels
New generation cameras
AXIS 210¬ Motion JPEG / MPEG-4¬ 640x480, up to 30 fps¬ Progressive scan CCD¬ Video motion detection¬ Indoor
Outlook 2004
Continued growth potential for Video
Accelerating technology shift An aggressive product roadmap Restrained development for
Print Well positioned for profitable
growth