The global market uncertainty meant that growth in the market for network cameras was lower in 2012 than the estimated longterm growth potential of 20-25 percent. Sales growth in the fourth quarter was 12 percent after slightly weaker demand in December. The sales increase was 17 percent for the full year 2012 with large
variations between quarters.
The fourth quarter
- Net sales increased by 12 percent during the fourth quarter to $185 M (165). Net sales increased by 15 percent in local currencies.
- Operating profit increased to $33 M (30), which corresponds to an operating margin of 17.5 percent (18.3).
- Profit after tax amounted to $26 M (21).
-Earnings per share amounted to $0.37 (0.30).
The board proposes a dividend of $0.79, of which $0.43 is an extra dividend ($0.87 of which $0.51 was an extra dividend).
January – December
- Net sales increased by 17 percent during the period to $ 658 M (563). Net sales increased by 14 percent in local currencies.
- Operating profit decreased to $ 90 M (100), which corresponds to an operating margin of 13.8 percent (17.7).
- Profit after tax amounted to $ 67 M (72).
- Earnings per share amounted to $ 0.97 (1.03). Performance in line with expectations
"The fourth quarter largely developed in line previous quarter. Sales growth in the fourth quarter was 12 percent after slightly weaker demand in December. The global macroeconomic uncertainty has affected customers in all Axis' customer segments and regions. "
"We maintain a positive view on the development of network cameras with an expected long-term growth rate of 20-25 percent per year. It is difficult to predict market trends for 2013, but with dedicated employees, leading products and a clear ambition, Axis continues to be well-positioned to meet the increasing demand for network video and continue its global expansion." said Ray Mauritsson, President of Axis Communications.