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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 ReportJanuary - June 2003
CEO Ray Mauritsson
. . . M A K E Y O U R N E T W O R K S M A R T E R
Continued restrained market affects sales
Financial Performance
Net sales: SEK 305 M (335)¬ Currency effects impacted
negatively: SEK 40 M Operating loss: SEK -4 M (18)
Sales by quarter
Q2: Restrained market
conditions Continued growth in Video Weak development
within Print, Scan & Store
0
20
40
60
80
100
120
140
160
180
Mkr
Q1 Q2 Q3 Q4 Q1
2003
Video
Other
Q2
2002
EBIT by quarter
-10
-5
0
5
10
15
20
25
30
Q1 -02
Q2 -02
Q3 -02
Q4 -02
Q1 -03
Q2 -03
Mkr
Q2: Gross margin:
52.8% (56.6) Operating margin:
-2.8% (4.4) Profit margin:
-0.4% (5.4)
Business development Q2
Continued growth for Video New agreements in prioritized
segments Additional developer partners; total
145 Aggressive product road map
Sales Q2
Sales by Region
24%
27%
49%
Asia
Americas
EMEA
Sales by Product Group
55%Print 38%
Scan & Store 4%
Access and other 3%
Video
A growing Video market
Global market leader A base of more than
200,000 units installed Significant growth potential
¬ Growing interest in surveillance and security
¬ Shift from analog to digital solutions
¬ New technical possibilities
Technology evolution
CCTV
IP
DVRDVR
2000 2005 2010
Three stages:
1. CCTV: analog
2. DVR: digital capture
3. IP: digital networking
3. IP: digital networking
Revised financial targets
A growth target of 30 percent in sales and a pre-tax profit margin of 10-15 percent by 2005 at the latest.
Outlook 2003
Weak IT investments Unchanged long term growth
potential for Video Goal of positive operating result for
the full year 2003