Axis Interim report January-March 2012

  · Net sales for the period January–March totaled SEK 881 M (808), an
increase of 9 percent in Swedish kronor and 6 percent in local currency
  ·
Operating profit increased to SEK 79 M (126), which corresponds to an operating
margin of 9 percent (15.6).
  · Profit after tax amounted to SEK 57 M (91).
· Earnings per share amounted to SEK 0.82(1.31).
Weak beginning but continued strong expansion

The beginning of the year was
weaker than expected, which was explained by lower sales in the Americas region
as well as weaker demand in emerging markets in the EMEA region. Towards the end
of the quarter, we could note higher activity in all regions. We see unchanged
growth potential for network video products and will continue our expansion,
both as regards release of new, innovative products and recruitments.

We
released a number of new products in connection with the ISC West security fair
in Las Vegas at the end of March, including AXIS Camera Companion – an easy-to
-use and cost-efficient network video solution for small surveillance
systems.

We released a total of ten new network video products during the
first quarter for both small and large installations. Our global expansion is
continuing and we had 1,205 employees at the end of the period.

Ray
Mauritsson, President

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

Invitation to
telephone conference

Time: Tuesday, April 17, at 10 a.m. CET.

To join the
conference:

Dial: +46 (0)8 5052 0110

Access code: 915153

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

 A recorded
version of the presentation will be available for seven working days on:
+46
(0) 850520333. Access code: 915153
For further information, please contact: Margareta Lantz, Manager IR&Corporate
Communications, Axis Communications Phone: + 46 46 272 18 00, E-mail:
pressoffice@axis.com
About Axis Communications
As the market leader in network video, Axis is
leading the way to a smarter, safer, more secure world — driving the shift from
analog to digital video surveillance. Offering network video solutions for
professional installations, Axis’ products and solutions are based on an
innovative, open technology platform.

Axis has more than 1,000 dedicated
employees in 40 locations around the world and cooperates with partners covering
179 countries. Founded in 1984, Axis is a Sweden-based IT company listed on
NASDAQ OMX Stockholm under the ticker AXIS. For more information about Axis,
please visit our website www.axis.com