Axis Interim report January - September 2011

| Source: Axis AB Axis AB 

Axis Interim report January - September 2011

The third quarter

  · Net sales increased during the third quarter by 32 percent to SEK
971 M (737). Net sales increased by 45 percent in local currencies.
  · Operating profit increased to SEK 225 M (121), which corresponds to
an operating margin of 23.2 percent (16.4).
  · Profit after tax amounted to SEK 164 M (88).
  · Earnings per share amounted to SEK 2.37 (1.27).

January-September

  · Net sales during the period amounted to SEK 2,527 M (2,058),
corresponding to growth of 23 percent. Net sales increased by 37 percent
in local currencies.
  · Operating profit increased to SEK 441 M (290), which corresponds to
an operating margin of 17.5 percent (14.1).
  · Profit after tax amounted to SEK 322 M (210).
  · Earnings per share amounted to SEK 4.63 (3.03).

Strong development during the quarter

Sales growth during the third quarter was above the long-term
expectations in the market and the irregularity between individual
quarters continued. Apart from an increased proportion of larger
projects, the different inventory strategies of the distributors were
contributory factors to this trend. During the third quarter, sales
growth in the Americas region was affected to some extent by stock
building among our US distributors. Meanwhile, demand from public buyers
was high as the budgetary year ended.

It is difficult to judge how the present economic uncertainty will
impact the demand for Axis' products. At present, we do not see any
negative signals as regards to the number of project requests. In the
longer term, we foresee a continued positive development within network
video with an expected annual growth potential of 25-30 percent. Our
expansion plans to promote growth are thus unchanged.

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)

Invitation to telephone conference

Time: Thursday, October 20, at 10 a.m. CET.

To join the conference:

Dial: +46 (0)8 5052 0110

Access code: 904756

Axis AB participants: Ray Mauritsson, CEO and Fredrik Sjöstrand, CFO.

A recorded version of the presentation will be available for 10 days on:
+46 (0)8 5052 0333, Access Code: 904756

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

Pièces jointes