Axis AB: Interim report January-March 2018
The first quarter
- Net sales increased by 2 percent during the first quarter to SEK 2,058 M (2,027). Net sales increased by 8 percent in local currencies.
- Operating profit amounted to SEK 178 M (234), which corresponds to an operating margin of 8.6 percent (11.6).
- Net profit for the period amounted to SEK 127 M (177).
- Earnings per share amounted to SEK 1.82 (2.55).
The first quarter saw a stable beginning to the year, however, with a lower growth rate than the corresponding period of last year. The difference was largely due to the comparison with a very strong first quarter in 2017. The previously reported situation of a strained component supply also contributed to the slightly lower sales in the quarter.
Positive news during the quarter was that we managed to recruit new employees with the right competencies relatively quickly, and we were also able to release a number of new exciting products and solutions as part of the strategy to broaden Axis’ offering. In our sustainability report, which was published in late March, we could also show new progress in the sustainability area.
It is also gratifying to see the continued positive performance of the companies that Axis acquired in 2016, and how the collaboration with them has developed. From and including the first quarter of 2018, for example 2N in USA and Canada was integrated as planned with Axis’ North American operations.
At the 2017 Annual General Meeting, Axis’ minority shareholder requested that a special examination should be performed of the company. The review report has now been presented and showed that there was nothing of importance to remark on in relation to Axis’ operations.
Ray Mauritsson, President
The full report can be found here.
This information is such that Axis AB is required to make public pursuant to the EU’s Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on April 19, 2018.