Share

Documentation

Annual report

Annual Report 2010 (online version)

Archive

 

Ray Mauritsson

President's message

Annual report 2010
 

The year in brief

• Sales totaled SEK 2,933 M (2,301) M, corresponding to growth of 27 percent.
•  Operating profit amounted to SEK 415 M (308).
• Profit after tax totaled SEK 300 M (218).

Events during the quarters 2010

Q1
Net sales amounted to SEK 643 M (532). Operating profit amounted to SEK 95 M (46). Axis announced that 3,500 network cameras would be part of an internal surveillance system on Prague’s buses in order to boost security for passengers and help to clear up incidents such as vandalism and other offences. The installation commenced in November 2009 and is expected to be fully completed during 2014. In March, Axis announced that its network cameras will be installed on 2,300 buses in Madrid as part of a security system in order to improve passengers’ safety and security.

Q2
Net sales amounted to SEK 678 M (542).
Operating profit amounted to SEK 74 M (46).
Axis’ products attracted great interest at trade fairs around the world, including at ISC West in the US, IFSEC in the UK, Transrussia in Russia and ISC in Brazil. The world exposition, Expo 2010 in Shanghai opened with Axis as official sponsor of the Swedish pavilion and the company’s network cameras were part of the security solution. The participation was part of the company’s efforts to boost its presence and visibility on the growing Chinese market.

Q3
Net sales amounted to SEK 737 M (568).
Operating profit amounted to SEK 121 M (95).
In the IMS Research report, Axis is ranked number two in the world among global vendors providing surveillance cameras, a strengthened position compared with third place last year. Axis was identified as a clear market leader in the network cameras category, maintaining its position compared with the previous year. Axis retained its position as number four in the world within the video surveillance equipment category.

Q4
Net sales amounted to SEK 875 M (659).
Operating profit amounted to SEK 125 M (121).
Growth amounted to 40 percent in local currencies during the fourth quarter. Axis estimated that its growth was higher than the market’s and that the company has strengthened its position as the market-leading supplier of network video products. There was considerable interest for installations of surveillance equipment within retail, city surveillance and the transport sector in all regions. Continued strong demand for Axis’ products in all markets, a good inventory position and high availability of Axis’ network video products, contributed to the strong close.

In January, Axis received the award of “Listed Company of the Year” from the Swedish business magazine, Veckans Affärer. The motivation read: “No other company on the Stockholm Stock Exchange has a better combination of earnings, growth, profitability and price trends during a longer, sustained period of time. Axis is a company that delivers no matter what happens and is one of the very few, worthy heirs to our many century-old Swedish big business successes.”