Interim report January-March 2011

Interim report January-March 2011

•          Net sales amounted to SEK 808 M (643) M, corresponding to
growth of 26 percent. Net sales increased by 39 percent in local
currencies.

•          Operating profit increased to SEK 126 M (95), which
corresponds to an operating margin of 15.6 percent (14.8).

•          Profit after tax amounted to SEK 91 M (69).

•          Earnings per share amounted to SEK 1.31 (1.00).

Strong sales trend in all regions

“Our strong sales trend at the end of last year continued during the
beginning of 2011 when we saw a stable trend in demand for our network
video products in all regions. In our view, the weak investment climate
in Southern Europe is essentially the only factor which is affecting the
growth rate negatively in Region EMEA. At the same time, the strong
Swedish krona in relation to USD and EUR has impacted our sales
negatively. Adjusted for foreign currency effects, sales increased by 39
percent during the quarter.

The AXIS M50 Series featuring compact and good-value pan/tilt/zoom
network cameras was an important product release during the first
quarter. These products are further supplements to our very strong
product line of high-quality PTZ network cameras. The AXIS M50 Series
will strengthen our offer of network solutions, particularly towards the
important retail market.

We maintained a very high rate of recruitment during the first quarter.
The number of employees increased by 69 during the period. The
recruitments during the first quarter were mainly concerned with
strengthening the global sales organization.”

Ray Mauritsson, President

The report and slide presentation is available on:
http://www.axis.com/corporate/investor/interim_report.htm (http://www.ax
is.com/corporate/investor/interim_report.htm)

For further information, please contact: Margareta Lantz, Manager
IR&Corporate Communications, Axis Communications Phone: + 46 46 272 18
00, E-mail: pressoffice@axis.com