Interim Report January-March 2004
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Transcript of Interim Report January-March 2004
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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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Highlights Q1 2004
Continued growth for Video, +23% Weak sales development for Print Launch of new generation video
products
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Financial performance Q1 2004
Net sales: SEK 152 M (153) Currency effects impacted
negatively: SEK 14 M Operating loss: -6 M (1)
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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
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Sales by quarter
Q1: Continued growth
in Video Currency effects
and weak Print sales
MSEK
2004
Video
Other
2003
0
20
40
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120
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Q1 Q2 Q3 Q4 Q1
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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)
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Gross margin by quarter
0
10
20
30
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60
Q1 -03 Q2 -03 Q3 -03 Q4 -03 Q1 -04
%
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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
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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
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Strategic direction
Maximize the video opportunity
Protect the printing business
Nurture new ideas for future growth
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A growing video market
Significant growth potential¬ Growing interest in surveillance and
security¬ Shift from analog to digital solutions¬ New technical possibilities
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-98 -99 -00 -01 -02 -03
SEK M
Video sales development 1998-2003
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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
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Axis compared with the competition
Dedicated to IP solutions Global coverage Easily available Widest range Own technology Over 150 ADP partners
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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
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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
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New generation video products
Aggressive roadmap
New compression techniques Higher resolution Full frame rate Built-in wireless solution Power over Ethernet Dome cameras
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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
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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
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New generation cameras
AXIS 210¬ Motion JPEG / MPEG-4¬ 640x480, up to 30 fps¬ Progressive scan CCD¬ Video motion detection¬ Indoor
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Outlook 2004
Continued growth potential for Video
Accelerating technology shift An aggressive product roadmap Restrained development for
Print Well positioned for profitable
growth