Brian Sims

Hikvision posts 22.41% year-on-year growth in Q3 2021 financials

SURVEILLANCE SOLUTIONS developer Hikvision has issued its financial results for the third quarter of 2021, with the company showing “sustained growth”. During the quarter, Hikvision generated £2.5 billion in revenue with a year-on-year increase of 22.41%.

Net profits attributable to shareholders of the listed company in the third quarter were £520 million, reflecting a year-on-year growth of 17.54%.

“The organisation has faced challenges, notably so in terms of global supply chains,” explained Tony Yang, president of Hikvision in the USA, “and this requires flexibility and planning to assure security solutions are available to partners across the globe. Our third quarter financial growth reminds us that our investment in our people, our partners, our dealers and communities is absolutely invaluable.”

From Q1 to Q3 2021, Hikvision accumulated a total revenue of £6.49 billion with a year-on-year growth of 32.38%.

Amid continued external uncertainties, Hikvision “will remain focused” on creating value for its customers with diversified products and solutions. The company also remains firmly focused on building customer-oriented service operations, while at the same time fully leveraging flexible manufacturing capabilities in order to maintain “steady development” of the business.

Company Info

Hikvision UK & Ireland

4 The Square
Stockley Park
UB11 1ET

01628 902140

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