interim report january-march 2004

21
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

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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 Presentation

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Page 1: Interim Report  January-March 2004

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

Page 2: Interim Report  January-March 2004

Highlights Q1 2004

Continued growth for Video, +23% Weak sales development for Print Launch of new generation video

products

Page 3: Interim Report  January-March 2004

Financial performance Q1 2004

Net sales: SEK 152 M (153) Currency effects impacted

negatively: SEK 14 M Operating loss: -6 M (1)

Page 4: Interim Report  January-March 2004

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

Page 5: Interim Report  January-March 2004

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

Page 6: Interim Report  January-March 2004

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)

Page 7: Interim Report  January-March 2004

Gross margin by quarter

0

10

20

30

40

50

60

Q1 -03 Q2 -03 Q3 -03 Q4 -03 Q1 -04

%

Page 8: Interim Report  January-March 2004

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

Page 9: Interim Report  January-March 2004

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

Page 10: Interim Report  January-March 2004

Strategic direction

Maximize the video opportunity

Protect the printing business

Nurture new ideas for future growth

Page 11: Interim Report  January-March 2004

A growing video market

Significant growth potential¬ Growing interest in surveillance and

security¬ Shift from analog to digital solutions¬ New technical possibilities

Page 12: Interim Report  January-March 2004

0

50

100

150

200

250

300

350

400

-98 -99 -00 -01 -02 -03

SEK M

Video sales development 1998-2003

Page 13: Interim Report  January-March 2004

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

Page 14: Interim Report  January-March 2004

Axis compared with the competition

Dedicated to IP solutions Global coverage Easily available Widest range Own technology Over 150 ADP partners

Page 15: Interim Report  January-March 2004

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

Page 16: Interim Report  January-March 2004

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

Page 17: Interim Report  January-March 2004

New generation video products

Aggressive roadmap

New compression techniques Higher resolution Full frame rate Built-in wireless solution Power over Ethernet Dome cameras

Page 18: Interim Report  January-March 2004

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

Page 19: Interim Report  January-March 2004

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

Page 20: Interim Report  January-March 2004

New generation cameras

AXIS 210¬ Motion JPEG / MPEG-4¬ 640x480, up to 30 fps¬ Progressive scan CCD¬ Video motion detection¬ Indoor

Page 21: Interim Report  January-March 2004

Outlook 2004

Continued growth potential for Video

Accelerating technology shift An aggressive product roadmap Restrained development for

Print Well positioned for profitable

growth