“Sales for the full-year 2014 increased by 12 percent in local currency. The turbulence in Russia and Ukraine continues to have a negative impact on sales in the EMEA region. Meanwhile, we continue to see a strong performance in several emerging markets. During the quarter, we saw falling inventory levels among distributors in the US.
During the year, our offering was strengthened with new innovative network cameras and we also made important investments directed towards the various market segments. By taking a greater responsibility for the overall system, we further strengthen our position in relation to partners and end-customers. In the quarter, the organization grew by 74 new employees. For the full-year, the number of employees increased by 314 people. At year-end, the number of employees totaled 1,941.
During the fourth quarter, one of Axis’ contract manufacturers was affected by a fire, which totally destroyed the production unit. Thanks to continually proactive work involving a number of subcontractors, the situation could be handled with a limited impact on sales,” said Ray Mauritsson, President.