Axis: Interim report January – March 2014

The first quarter · Net sales increased by 15 percent during the first quarter to SEK 1,129 M (982). Net sales increased by 15 percent in local currencies. · Operating profit decreased to SEK 72 M (89), which corresponds to an operating margin of 6.4 percent (9.1). · Profit after tax amounted to SEK 52 M (66). · Earnings per share amounted to SEK 0.75 (0.95). President’s message“Due to lower than expected sales during the end of the period, the earnings trend was weaker than anticipated. Eastern Europe has been clearly affected by the unrest in Russia and Ukraine.