Axis AB: Interim report January-March 2017

The first quarter

•  Net sales increased by 29 percent during the first quarter to SEK 2,027 M (1,567). Net sales increased by 21 percent in local currencies.
•  Operating profit increased to SEK 234 M (153), which corresponds to an operating margin of 11.6 percent (9.8).
•  Profit after tax amounted to SEK 177 M (114).
•  Earnings per share amounted to SEK 2.55 (1.64).

President's comment

The first quarter of 2017 was characterized by strong growth and profitability. A contributory factor to the sales increase was that many of our distributors sold off large parts of their inventories due to strong demand in late 2016, and thus needed to replenish their inventories in early 2017. Foreign currency effects and revenue from the companies we acquired during 2016 also contributed positively to growth. But even apart from these factors, the performance was strong during the quarter.

All of our three sales regions showed a stable performance during the quarter. A global market presence is a crucial part of Axis’ strategy, and in this context it is worth mentioning that we also opened several new offices in early 2017 and continued to increase the number of employees in our global sales organization.

Just after the end of the quarter, we unveiled a number of new products and solutions at the major security industry trade show ISC West in the USA. One example is Axis’ new FA Series, with modular cameras for highly discreet surveillance. At the exhibition, we also introduced a future surveillance solution based on radar technology, which will be a good complement to our existing solutions.

On March 30, we published Axis’ Annual and Sustainability Report for 2016. This was the first year that we combined the annual report with the sustainability report, as part of our ambition that sustainability should be a natural and integrated aspect of our entire business. The report showed continued progress in the sustainability field during 2016, and of course this is something we will continue to advance going forward.

Ray Mauritsson, president

The report can be downloaded here.

This information is information that Axis AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on April 21, 2017.

For further information, please contact:

Björn Hallerborn, PR & Corporate Communications Manager
Mail: pressoffice@axis.com
Phone: 46 46 272 18 00

About Axis Communications

Axis offers intelligent security solutions that enable a smarter, safer world. As the market leader in network video, Axis is driving the industry by continually launching innovative network products based on an open platform - delivering high value to customers through a global partner network. Axis has long-term relationships with partners and provides them with knowledge and groundbreaking network products in existing and new markets. Axis has more than 2,700 dedicated employees in more than 50 countries around the world, supported by a network of over 90,000 partners across 179 countries. Founded in 1984, Axis is a Sweden-based company listed on Nasdaq Stockholm under the ticker AXIS. For more information about Axis, please visit our website www.axis.com.

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