Network video continues to show steady growth

• Net sales during the period totaled SEK 841 M (636).
• Operating profit during the period totaled SEK 150 M (96).
• Pretax profit for the period totaled SEK 149 M (95).
• Profit after tax for the period totaled SEK 108 M (72).
• Earnings per share for the period totaled SEK 1.56 (1.04).

”The first nine months point to continuing steady progress in sales of Axis’ network video products. Greater interest in IP-based surveillance solutions made a robust contribution to the sales increase. The technology shift from analog to digital solutions continues to progress at a steady pace.

The transport sector continues to shows an interest in network video and Axis secured an additional order from Stockholm Transport (SL) for the installation of network cameras. Another interesting cooperative venture is that with the Mexican telecom company, TELMEX, where Axis’ network cameras are part of a service aimed at the home market.

With the goal of retaining market leadership, continuing investment is planned in all areas, notably in sales and support, as well as in research and development. This offers us the potential to meet the expanding market for network video.”
Ray Mauritsson,
President
Conference call today
Time: Thursday, October 19, at 11 a.m. CET.
To join the conference. Dial: +46 (0)8 5052 0110
Access code: Axis Communications

Axis AB participants:
Ray Mauritsson, CEO and Fredrik Sjöstrand, CFO.

The full report and a slide presentation will be available at: www.axis.com/corporate/investor/ on Thursday, October 19, around 09.00 a.m. CET.