Interim Report, January-September 2013 Ray Mauritsson, CEO Fredrik Sjöstrand, CFO.

Transcription

1 Interim Report, January-September 2013 Ray Mauritsson, CEO Fredrik Sjöstrand, CFO

2 The market leader in network video partnerships in countries Employees* Founded as IT company Own offices in more than countries Total sales: SEK (US$ 618 )** *September 30, 2013 ** Year-end result 2012

3 Highlights Q3 > Strong development in all three regions > Ebit margin and gross margin on high levels > Addition to our offering Physical Access Control > Stable inflow of new projects

4 Sales Q3, 2013 > January - September Sales of 3,418 MSEK (3,004) YoY growth of 14% YoY growth of 19% in local currencies > July - September Sales of 1,322 MSEK (1,079) YoY growth of 23% YoY growth of 27% in local currencies Strong sales in Q3 Underlying market trend remains unchanged MSEK Growth 70% 60% 50% 40% 30% 20% 10% 0% Sales Growth

5 Regional currency effects Q3, Positive currency effect from EUR of 4 MSEK Negative currency effect from USD of 39 MSEK Q1 Q2 Q EMEA Americas Asia

6 Operating expenses Q Q MSEK 250 OPEX expenses of 431 MSEK YoY increase of 21% Q Q Q Q Q Q Q Q Q Q Q Q Q Sales & Marketing Administration Research & Development

7 Margins Q3, 2013 Strong gross margin due to favorable product mix and FX-effects > July - September Gross margin of 52.6 % (50.8 %) EBIT margin of 19.5 % (15.6 %) Profit margin of 19.5 % (15.4 %) MSEK Margin 60% 50% 40% 30% 20% 10% 0% EBIT Gross margin EBIT margin

8 Regional development Q3, 2013 Americas of sales > Total sales of 653 MSEK (570) > Local growth of 21% 25% 20% 15% 10% 5% 0% Q4-12 Q1-13 Q2-13 Q3-13 Local growth EMEA of sales > Total sales of 511 MSEK (385) > Local growth of 33% 40% 30% 20% 10% 0% Q4-12 Q1-13 Q2-13 Q3-13 Local growth Asia of sales > Total sales of 158 MSEK (124) > Local growth of 39% 40% 30% 20% 10% 0% Q4-12 Q1-13 Q2-13 Q3-13 Local growth

9 Selection of product releases Q3, 2013 AXIS A1001 AXIS M3026-VE AXIS M7016 & P7216 Video Encoders > New solution for physical access control > Two different solutions for small and mid-size installation > New outdoor-ready and vandal resistant dome camera > Suitable for use in many different environments > Cost-effective and easy entry to network video > Address the needs of small to mid-sized applications

10 Physical access control the Axis way AXIS A1001 Network Door Controller AXIS Entry Manager ADP solutions + ADP Solutions + + > Integrated software for basic access management > Typically 10 doors > Basic-to-advanced partner software > Video integration > Integration with other systems > Large enterprise systems

11 The physical access control market > Total value: USD 3.0 billion* by 2012 > Total estimated value of USD 3.0 billion* Approximately 25% of the total video surveillance market > 7% annual growth* > Growth of 7%* > Approximately 25% of total video surveillance market > Estimated value: USD 4.2 billion* by 2017 > Average > Average installation installation typically 10 doors typically 10 doors > Partners selling both video and access control solutions > 58% of enterprise access control system are integrated with video surveillance > 80% of customers want integration *According to IHS (vendor level revenue)

12 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

13 Outlook Short-term perspective > Stable project pipe line-growth > Macroeconomic uncertainty remains > 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

14 partner network thermal global HDTV convergence intelligent Axis open camera megapixel leader worldwide network video Thank you! safe environment innovation protect Get the Axis picture. Stay one step ahead. competence leader image usability easy installation focus outdoor ease of use H.264 integration video encoder