Security

Mobotix Repositions Video Surveillance Business & Updates Strategy

In this Research Note, we examine the Mobotix video surveillance business, based on their 2020/2021 Annual Report, 2022 business strategy and Memoori market analysis. Founded in 1999, Mobotix AG is a specialist manufacturer of IP network video cameras, based in Winnweiler-Langmeil, Germany, and listed on the Frankfurt Stock Exchange. The company is a subsidiary of Konica Minolta, Inc., Tokyo, Japan, which has been a strategic investor since 2016. Following unsatisfactory financial results announced in October 2021, the group has announced a repositioning/transformation phase, which addresses expanding sales in the American market, placing a clearer focus on certain vertical markets and transforming Mobotix from a manufacturer of hardware into a provider of solutions for complex applications through the growing use of intelligent software. The company is making structural improvements in the light of various opportunities to generate more recurring revenues in the future. Mobotix closed the financial year, ending 30th September 2021 with sales of €62.4 million, an 11.3% decrease […]

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