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www.axis.com Year-end Report 2013. Ray Mauritsson, CEO Fredrik Sjöstrand, CFO
www.axis.com
Year-end Report 2013.
Ray Mauritsson, CEO Fredrik Sjöstrand, CFO
www.axis.com
The market leader in network video
Total sales*
SEK
billion
*Year-end result 2013
.
Founded in
1984
65,000
partnerships in
179 countries
Own offices
in more than
40 countries
Employees*
www.axis.com
> Stable gross margin
> Continued even inflow of new projects
> Lower stock levels at distributors in US
> Full year development in line with
expectations
Highlights Q4
www.axis.com
> January - December
– Sales of 4,717 MSEK (4,184)
– YoY growth of 13%
– YoY growth of 17% in
local currencies
> October - December
– Sales of 1,299 MSEK (1,180)
– YoY growth of 10%
– YoY growth of 12% in
local currencies
Sales Q4, 2013
0%
10%
20%
30%
40%
50%
60%
70%
0
200
400
600
800
1000
1200
1400
Sales Growth
MSEK Growth
Underlying market trend remains unchanged
www.axis.com
Regional currency effects Q4, 2013
-40
-35
-30
-25
-20
-15
-10
-5
0
5
10
EMEA Americas Asia
Q1
Q2
Q3
Q4
www.axis.com
0
50
100
150
200
250
300
Q42010
Q12011
Q22011
Q32011
Q42011
Q12012
Q22012
Q32012
Q42012
Q12013
Q22013
Q32013
Q42013
Sales & Marketing Administration Research & Development
Operating expenses Q4 2010 – Q4 2013
MSEK
OPEX expenses of 498 MSEK
YoY increase of 24%
www.axis.com
Gross margin on stable level
> October - December
– Gross margin of 50.9 %
(50.9 %)
– EBIT margin of 12.8 %
(17.5 %)
– Profit margin of 12.7 %
(17.4 %)
Margins Q4, 2013
0%
10%
20%
30%
40%
50%
60%
0
40
80
120
160
200
240
280
EBIT Gross margin EBIT margin
MSEK Margin
www.axis.com
> Total sales of 580 MSEK (556)
> Local growth of 9%
> Total sales of 537 MSEK (485)
> Local growth of 11%
> Total sales of 181 MSEK (139)
> Local growth of 39%
Regional development Q4, 2013
0%
5%
10%
15%
20%
25%
Q1-13 Q2-13 Q3-13 Q4-13
Localgrowth
0%
10%
20%
30%
40%
Q1-13 Q2-13 Q3-13 Q4-13
Localgrowth
0%
10%
20%
30%
40%
Q1-13 Q2-13 Q3-13 Q4-13
Localgrowth
of sales
of sales
45% Americas
41% EMEA
14% Asia
www.axis.com
Selection of product releases Q4, 2013
AXIS P5415-E ARTPEC 5 AXIS Q1614
> Unique wall mounting design
> Ideal for out-door surveillance
in most environments
> Twice the normal frame rate to
capture fast moving objects
> Lightfinder and Wide Dynamic
Range technology
> More processing power
> Reduced power consumption
www.axis.com
Focus on growth
Small
systems
> Strong offering with AXIS Camera Companion &
hosted solutions
> Leverage broad base of partners
> Several successful M-line product introductions
Emerging
markets
> Ambitious growth targets
> High recruitment rate
> Leverage knowledge and experience
New use of
network video
> Video analytics
> Proactive solutions
> Intelligent surveillance
www.axis.com
Short-term perspective
> Stable project pipe line-growth
> Remained short term outlook
> Continued expansion and recruitment
Long-term perspective
> Good market conditions for a continued positive development within network video, 20-25% growth
> Strong focus on innovation for future network video opportunities
Outlook
www.axis.com
