Interim Report January–March 2002

Continued increased profitability and positive cash flow

• Group net sales for comparable units during the first quarter amounted to SEK 164 M (164). • The operating profit for the period improved to SEK 11 M (loss: 32) for comparable units, corresponding to an operating margin of 6.5%. • Cash flow from operating activities amounted to SEK 5 M. • Continued sales growth in the Video product area; up 28%, compared with the year-earlier period. Axis AB, Emdalavägen 14, SE-223 69 LUND, Sweden. Telephone +46-46 272 18 00, Fax +46-46 13 61 30, info@axis.com, www.axis.com