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Video growth despite currency effects Year-end summary 2003

Video growth despite currency effects Year-end summary 2003. Ray Mauritsson, CEO Jörgen Lindquist, CFO. Summary 2003. Operating profit Currency effects Weakened gross margin Continued growth for Video Unchanged strategy. Financial performance Full year and Q4 2003. Financial performance.

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Video growth despite currency effects Year-end summary 2003

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  1. Video growth despite currency effectsYear-end summary 2003 Ray Mauritsson, CEOJörgen Lindquist, CFO

  2. Summary 2003 • Operating profit • Currency effects • Weakened gross margin • Continued growth for Video • Unchanged strategy

  3. Financial performance Full year and Q4 2003

  4. Financial performance • Net sales: SEK 624 M (670) • Currency effects impacted negatively: SEK 71 M • Operating profit: SEK 1 M (40)

  5. Financial highlights 2003 • Growth for Video • Decreased sales within Print • Currency effects • Profitability • Weakened gross margin • Cost-savings program

  6. Financial performance Q4 • Net sales: SEK 163 M (168) • Currency effects impacted negatively: SEK 14 M • Operating profit: SEK 4 M (10)

  7. Q4 2003 • Continued growth for Video, 22% • New partnerships • Successful product launches • Acquisition of software developer

  8. Video sales development 1999-2003 1999 2000 2001 2002 2003

  9. Sales by quarter Q4: Continued growth in Video Currency effects and weak IT market affected sales SEK (M) Other Video 2002 2003

  10. EBIT by quarter Q4: • Positive development • Gross margin:48.9% (57.5) • Operating margin: 2.5% (5.7) • Profit margin:3.6% (7.3)

  11. Gross margin 2002-2003

  12. Accounts receivables 2002-2003

  13. Liquid funds 2002-2003 SEK (M)

  14. Sales Q4 Sales by Product Group Sales by Region Access and other 3% Scan & Store 4% Asia 21% Print 29% 64% Video 52% EMEA 27% Americas

  15. EMEA market size & forecast • Axis market share in 2003 • Network cameras: 59.8 % • Video servers: 35.4 % • Estimated annual growth until 2008 • For network cameras: 28.4 % • For video servers: 30.3 % Factory revenue IMS Reserach, ”The EMEA market for CCTV and Video Surveillance Equipment”

  16. Axis 2004 • Unchanged growth potential for Video • Uncertain development for IT investment • An aggressive product road map • New opportunities • Well positioned for profitable growth

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