Axis: Half-year report January-June 2011

Axis: Half-year report January-June 2011

The second quarter
• Net sales increased by10 percent during the second quarter to SEK 747
M (678). Net sales increased by 27    percent in local currencies.
• Operating profit increased to SEK 90 M (74), which corresponds to an
operating margin of 12.1 percent (10.9).
• Profit after tax amounted to SEK 66 M (53).
• Earnings per share amounted to SEK 0.96 (0.76).

 The first half-year

• Net sales amounted to SEK 1,555 M (1,321) during the first half-year,
corresponding to growth of 18 percent. Net sales increased by 33 percent
in local currencies.

• Operating profit increased to SEK 216 M (169), which corresponds to an
operating margin of 13.9 percent (12.8).

• Profit after tax amounted to SEK 157 M (122).

• Earnings per share amounted to SEK 2.27 (1.76).   

Further growth potential

“After three very strong quarters with sales growth, measured in local
currencies, of well over 30 percent, we noted a sales increase during
the second quarter which was more in line with long-term expec­tations.

Axis operates in a rapidly growing market and our expansion plans remain
unchanged. We passed the level of 1000 employees in the second quarter,
and expect the high rate of recruitment to continue during the second
half of 2011. We have also established cooperation with new
distributors, including in China and in the UK. Consequent­ly, there is
a good basis for a continued positive development within network video
in line with the expected annual growth poten­tial of 25-30 percent per
year.”

Ray Mauritsson, President

The full 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)

Invitation to telephone conference

Time: Friday, July 8 at 10 a.m.

Phone number: +46 (0)8 5052 01 10, code: 898943

Participants from Axis AB will be:

Ray Mauritsson, President and Fredrik Sjöstrand, CFO.