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Interim Report Jan - Mar 2003

Interim Report Jan - Mar 2003. CEO Ray Mauritsson CFO Jörgen Lindquist. 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.

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Interim Report Jan - Mar 2003

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  1. Interim ReportJan - Mar 2003 CEO Ray MauritssonCFO Jörgen Lindquist

  2. Continuous growth for Video despite cautious market

  3. Financial Performance • Net sales: SEK 153 M (164) • Currency effects impacted negatively: SEK 18 M • Operating profit: SEK 0.6 M (11)

  4. Highlights Q1 • Continued strong development within Video • Proactive market efforts • Cautious market conditions

  5. Intelligent Network Solutions Video Solutions Network Printing Other • Network Scan & Store • Technology sales • Wireless Access 40% 52% 8% • Network Cameras • Video Servers

  6. 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

  7. 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

  8. Focus on customer segments Transportation Bank Industrial Retail Government Education

  9. 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

  10. Sales Q1 Sales by Product Group Sales by Region Access and other 2% Scan & Store 6% Asia 24% Print 40% 52% Video 48% EMEA 28% Americas

  11. Sales by quarter Continued weak market Video grew by 18% compared to Q1 2002 Weak development within Print Other Video

  12. EBIT by quarter • Gross margin: 53.7% (58.7) • Operating margin: 0.4% (6.5) • Profit margin: 1.7% (8.3)

  13. 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

  14. Market trends • Signs of increased activities • Uncertain global economic development

  15. Outlook 2003 • Weak IT investments • Long term growth potential for Video • Strengthened positions • Continued profitable development

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