Axis Interim report January - June 2010

Net sales during the period amounted to SEK 1,321 M (1,074), and sales amounted to SEK 678 M (542) for the second quarter.

Operating profit during the period amounted to SEK 169 M (93), and operating profit amounted to SEK 74 M (46) for the second quarter.

Profit before tax during the period amounted to SEK 168 M (92), and profit before tax amounted to SEK 74 M (46) for the second quarter.

Profit after tax during the period totaled SEK 122 M (67), and profit after tax totaled SEK 53 M (34) for the second quarter.

Earnings per share amounted to SEK 1.76 (0.96) during the first half-year.

“A very strong close of the second quarter generated growth of 6 percent, compared with the first quarter of the year. Sales have been particularly robust within the Americas region which reported growth of 25 percent, compared with the same period of the preceding year. The Asia region also showed strong growth of 56 percent. The corresponding growth rate within the EMEA region amounted to 19 percent.

The product portfolio was extended further with a number of high-quality network video products. All of the new products support HDTV quality video and the H.264 compression standard.

During the second quarter, Axis continued its expansion and a high rate of recruitment took place. The number of employees increased by 64 and amounted to 850 at the end of the period”.

Ray Mauritsson, President

The report and slide presentation is available on: http://www.axis.com/corporate/inve...terim_report.htm

Invitation to telephone conference

Time: Wednesday, July 7 at 10 a.m.
Phone number: +46 (0)8 5052 01 10
Participants from Axis AB will be:
Ray Mauritsson, President and Fredrik Sjöstrand, CFO.
A recorded version of the teleconference will be available for ten business days on: +46 (0)8 5052 0333, specify: 868516.

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