AXIS Interim Report, January - March 2004

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New generation of video products launched

• Net sales amounted to SEK 152 M (153). • Operating loss was SEK 6 M (profit: 1). • Loss before tax amounted to SEK 2 M (profit: 3). • The result after tax was SEK 0 M (profit: 4). • Earnings per share were SEK 0.00 (0.06). • Video continued to show favorable growth, +23% Further information is available from: Ray Mauritsson, CEO, tel: +46-46 272 1800 or Anne Rhenman, Director, Investor Relations & Corporate Communications, tel: +46-708 90 18 29 The full report including tables can be downloaded from the following link: Interim Report, January - March 2004 The Annual Report for 2003 is published on Axis website at: www.axis.com/corporate/investor/financial_reports.htm

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