Axis AB: Interim report January-March 2016

The first quarter Net sales increased during the first quarter by 16 percent to SEK 1,567 M (1,354). Net sales increased by 13 percent in local currencies. Operating profit increased to SEK 153 M (145), which corresponds to an operating margin of 9.8 percent (10.7). Profit after tax amounted to SEK 114 M (104). Earnings per share amounted to SEK 1.64 (1.50). On February 1, Axis announced the acquisition of the French company Citilog, which is specialized in intelligent transport solutions. President’s message The first few months of 2016 were dominated by several