Axis AB: Interim report January-September 2018

Third quarter

•  Net sales increased by 20 percent during the third quarter to SEK 2,695 M (2,253). Net sales increased by 13 percent in local currencies.
• Operating profit amounted to SEK 460 M (365), which corresponds to an operating margin of 17.1 percent (16.2). 
• Net profit for the period amounted to SEK 353 m (278).
• Earnings per share amounted to SEK 5.08 (4.01).

January - September

•  Net sales increased by 15 percent during the period to SEK 7,354 M (6,399). Net sales increased by 15 percent in local currencies.
• Operating profit amounted to SEK 1,067 M (808), which corresponds to an operating margin of 14.5 percent (12.6).
• Net profit for the period amounted to SEK 811 M (604).
• Earnings per share amounted to SEK 11.67 (8.70).

President's comments

The third quarter showed good growth compared to the year-earlier period. An important factor was a continued strong global market. The relatively low growth in EMEA is explained by a combination of reasons, such as lowered stock levels for some bigger distributors and weak sales in some big countries in EMEA. Our strong growth feels particularly positive in light of the continued challenging situation in the global components market.

Profitability was also good during the third quarter. As in previous years, profitability for this period was positively impacted by seasonally lower costs.

During the quarter, we maintained a high tempo in our development operations and could present several new products and solutions. In particular, it is worth mentioning our new AXIS P3717-PLE camera model, which has already received several awards and generated great interest in the market.

Our growth was also reflected by the number of employees, which now reaches more than 3,100. We grow in Lund as well in our offices around the world. As we reported previously this year, we have also opened a software development office in Linköping, Sweden. It is great to see the big interest in Axis in that region. We are looking forward to welcoming more employees to Axis in the near future.

Ray Mauritsson, President

The full report can be found here.

This information is such that Axis AB is required to make public pursuant to the EU’s Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on October 18, 2018.

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 enables a smarter and safer world by creating network solutions that provide insights for improving security and new ways of doing business. As the industry leader in network video, Axis offers products and services for video surveillance and analytics, access control, and audio systems. Axis has more than 3,000 dedicated employees in over 50 countries and collaborates with partners worldwide to deliver customer solutions. Founded in 1984, Axis is a Sweden-based company listed on the NASDAQ Stockholm under the ticker AXIS. For more information about Axis, please visit our website www.axis.com.

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