m a k e s y o u r n e t w o r k s m a r t e r interim report jan - mar 2003 ceo ray mauritsson cfo...
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. . . M A K E S Y O U R N E T W O R K S M A R T E R
Interim ReportJan - Mar 2003
CEO Ray Mauritsson
CFO Jörgen Lindquist
. . . M A K E S Y O U R N E T W O R K S M A R T E R
Continuous growth for Video despite cautious market
Financial Performance
Net sales: SEK 153 M (164)¬ Currency effects impacted
negatively: SEK 18 M
Operating profit: SEK 0.6 M (11)
Highlights Q1
Continued strong development within Video
Proactive market efforts Cautious market conditions
Intelligent Network Solutions
Video Solutions
Network Cameras Video Servers
52% 40%
8%
Network Printing
Other Network
Scan & Store Technology sales Wireless Access
Leading technology
Proven technology and intensive R&D In-house developed chip technology
for image processing and network connectivity
19 years of network experience Open standards only More than 120 developer partners
A growing Video market
Global market leader Significant growth potential
¬ Growing interest in surveillance and security
¬ Shift from analog to digital solutions
¬ New technical possibilities
Focus on customer segments
Retail
Bank Transportation
Government Education
Industrial
Financial Performance
Net sales: SEK 153 M (164)¬ Currency effects impacted
negatively: SEK 18 M Operating profit: SEK 0.6 M (11) Continuous strong balance sheet
Sales Q1
Sales by Region
24%
28%
48%
Asia
Americas
EMEA
Sales by Product Group
52%Print 40%
Scan & Store 6%
Access and other 2%
Video
Sales by quarter
Continued weak market Video grew by 18%
compared to Q1 2002 Weak development
within Print
0
20
40
60
80
100
120
140
160
180
Mkr
Q1 Q2 Q3
2002
Q4 Q1
200320032002
Video
Other
EBIT by quarter
Gross margin: 53.7% (58.7)
Operating margin: 0.4% (6.5)
Profit margin: 1.7% (8.3)
0
2
4
6
8
10
12
14
Q1 -02 Q2 -02 Q3 -02 Q4 -02 Q1 -03
Mkr
Investing for the future
Intensive R&D agenda¬ Estimated 15% - 20%
reinvested in R&D ¬ Video prioritized in 2003¬ Several new products
Proactive market efforts¬ Focus on customer segments¬ New partnerships
Market trends
Signs of increased activities Uncertain global economic
development
Outlook 2003
Weak IT investments Long term growth potential for Video Strengthened positions Continued profitable development