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AXIS Communications - a world of intelligent networks Full year 2002. CEO Peter Ragnarsson CFO Jörgen Lindquist. Sharp increase in profitability. Financial performance 2002. Net sales for comparable units: SEK 670 M (676) Operating profit for comparable units: SEK 40 M (loss:83) - PowerPoint PPT Presentation
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AXIS Communications- a world of intelligent networks
Full year 2002
AXIS Communications- a world of intelligent networks
Full year 2002
CEO Peter RagnarssonCFO Jörgen Lindquist
Sharp increase in profitability Sharp increase in profitability
Financial performance 2002
Net sales for comparable units: SEK 670 M (676) Operating profit for comparable units: SEK 40 M (loss:83) Cash flow from operating activities: SEK 7 M (neg:26)
This is Axis
A global, established and profitable company
Sales in over 70 countries A broad product portfolio
meeting customer´s needs An innovative market leader Proven technology and intensive
R & D
Highlights 2002
Strong development within Video
Proactive market efforts Several new partners
focused on total solutions Positive sales trend in Asia
and EMEA
A year of growth in the Video market
Worldwide #1 position Axis’ largest product area A base of 200,000 units
installed Several new strategic
agreements
Trends driving the market
Transition from analog to digital solutions Growing interest in surveillance and
security Increasingly large investments Increasingly professional applications
IT market Security market
Converging markets
Focus on customer segments
Transportation Banking & Finance Government Retail Industrial Education
Investing for the future
Intensive R&D agenda 118 MSEK in year 2002 Corresponding to 18%
of sales Nine new patents Product innovations for future
growth
A strong position
Proven technology Global sales and
distribution Market leadership Profitable development Growth opportunities
Financial performanceFull year 2002
Financial performanceFull year 2002
Financial performance 2002
Sharp increase in profitability despite weak market Net sales for comparable units: SEK 670 M (676) Operating profit for comparable units: SEK 40 M (loss:83) Cash flow from operating activities: SEK 7 M (neg:26)
Financial highlights
Profitability Continuous growth for
Video Continuous cost
control Currency effects Positive cash flow
Sales 2002
Ongoing operations
0
100
200
300
400
500
600
700
Q4 Accum
2001
2002
MSEK
12 months 2002Sales 670 MSEK (676)
Sales Q4 2002
Sales by Product Group
45%Video
41%
Scan & Store 7%
Access 1%Other 6%
Sales by region
22%
Asia Americas
EMEA
26% 27%
47%
Video – Sales 2001-2002
45% of Axis´ total sales Increased demand for
network cameras and video servers
New agreements
0
20
40
60
80
100
MSEK
Q1 Q2 Q3 Q4 Q1 Q2 Q3
2001 2002
Q4
Print – Sales 2001-2002
41% of Axis´ total sales Weak development due
to cautious IT-market
0
20
40
60
80
100
MSEK
Q1 Q2 Q3 Q4 Q2 Q3 Q4
Pro forma 2000
2001 2002
Q1
EBIT by Quarter 2000-2002
Continuous profitable development
Q4: operating margin 5.7%; profit margin 7.3%
Pro forma 2000
Q4
-80
-70
-60
-50
-40
-30
-20
-10
0
10
20EBIT Structural
MSEK
Q1 Q2 Q3 Q4 Q1 Q2 Q3
2000
Q1 Q2 Q3
2001 2002
Q4
Ongoing operations, MSEK
Sales per Quarter 2001-2002
0
20
40
60
80
100
120
140
160
180
200
Q1 Q2 Q3 Q4
2001 2002
Gross margin 2001-2002
0
10
20
30
40
50
60
Q1-01
Q2-01
Q3-01
Q4-01
Q1-02
Q2-02
Q3-02
Q4-02
%
MSEK
Accounts receivables 2001-2002
Days of sales outstanding
0
10
20
30
40
50
60
70
Q1-01 Q2-01 Q3-01 Q4-01 Q1-02 Q2-02 Q3-02 Q4-02
0
10
20
30
40
50
60
70
Q1-01 Q2-01 Q3-01 Q4-01 Q1-02 Q2-02 Q3-02 Q4-02
Inventory 2001-2002
MSEK
Liquid funds 2001-2002
MSEK
0
25
50
75
100
125
150
175
200
Q1-01
Q2-01
Q3-01
Q4-01
Q1-02
Q2-02
Q3-02
Q4-02
Axis’ ambition 2003
Profitability and growth Strengthened positions Priority on Video Clear customer focus New generation Video
products
Outlook 2003
Signs of increased activities in several markets
IT market and overall sales trend difficult to predict
Continued substantial growth for Video
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