Interim Report January—September 2003

Continued video growth in restrained market

• Net sales for the period amounted to SEK 460 M (502). • Profit after tax totaled SEK 3 M (31). • Profit per share amounted to SEK 0.04 (0.45). • Operating loss amounted to SEK 3 M (profit: 30). • Continued strong growth,17%, in the Video product area. • Cost-savings program of SEK 15 M annually, is being introduced during the fourth quarter.

About Us

Axis is an IT company offering network video solutions for professional installations. The company is the global market leader in network video, driving the ongoing shift from analog to digital video surveillance. Axis products and solutions focus on security surveillance and remote monitoring, and are based on innovative, open technology platforms. Axis is a Sweden-based company, operating worldwide with offices in more than 20 countries and cooperating with partners in more than 70 countries. Founded in 1984, Axis is listed on the NASDAQ OMX Nordic, under the ticker AXIS. For more information about Axis, please visit our website at www.axis.com

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