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Annual report 2008
 

The year in brief

• Sales totaled SEK 1,975 M (1,671 M), corresponding to growth of 18 percent.
• Operating profit amounted to SEK 341 M (368).
• Profit after tax totaled SEK 252 M (259).
• A new generation of network video products built on the internally developed ARTPEC®-3 chip were released. ARTPEC®-3 includes the H.264 compression standard which means that more information can be sent and stored with maintained or improved image quality than was possible with previous compression standards.
• During the year, Axis strengthened its market presence and established three new offices; in Moscow, Russia, in São Paulo, Brazil and in Beijing, China.
• The partnership program was advanced and Axis had more than 24,000 partners as of December 31, 2008.
• The global expansion plan continued and the workforce increased by 152 persons. The company had 716 employees at year-end.
• Axis maintains its position as market leader for network cameras with a market share of 33.5 percent according to the market research institute IMS*. The inflow of new projects has continued to be good and there is considerable interest for network video. The current financial turmoil has, however, affected new investments and expansion plans by Axis’ customers which in turn has impacted Axis’ sales growth.

* The 2008 edition of the report ”The world market for CCTV & Video Surveillance Equipment”.

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