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Axis’ 2005 financial results show soaring demand for its network video solutions

Published on 20 March, 2006

Axis Communications, the IP-Surveillance market leader, has recently announced a sharp rise in sales growth and profitability in 2005.  Axis’ net sales in the financial year ending 31st December 2005 worldwide were up 29 per cent to SEK* 895 Million from SEK* 691 Million in the previous year.  Network-based video solutions sales worldwide (including network cameras and video servers) rose by 55 per cent for the full year.

During the last quarter of 2005, video solutions showed a significant increase in demand, rising by 52 per cent as compared to the final quarter of 2004, with video solutions accounting for 85 per cent of all Axis’ sales in this period.

Axis operating profit for 2005 also climbed by 156% year-on-year to SEK* 128 M (from SEK* 50 M in 2004), as it benefited from its market-leading product portfolio to take full advantage of strengthening growth in demand for network video solutions.

2005 saw the introduction and rapid acceptance of Axis’s seventh-generation ETRAX FS chip for more accurate processing of video images in its devices, and the last quarter of 2005 saw the launch of the Axis 225FD camera which has quickly collected industry accolades, including Detektor International’s ‘Best CCTV product’ award.

Steve Gorski, managing director, Axis Communications (UK) Limited, commented:

2005 was an outstanding year for Axis, in the UK and across the world.  We believe the market for network-based video solutions will see strong, sustained growth through 2006, and, as market leader, Axis is best-placed to fully capitalise on this demand.  Our products, customer support and cutting-edge innovation will continue to keep us ahead in a fast-growing market.”

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