26/04/2010
Positive report from Axis
Lund, Sweden
Axis recently reported its Janurary-March 2010 figures. The period had net sales amounting to 643 million SEK, compared to the 532 million reported for the same period in 2009. It was however the profit report that made the stock market impressed, more than doubling the after tax profit from 33 million SEK in 2009 to 69 million SEK for 2010 (January-March).
"The positive sales trend from the end of 2009 for network video products continued during the first quarter of the year. Sales of SEK 643 M corresponds to growth of 21 percent, which adjusted for negative foreign currency effects resulted in growth of 36 percent in local currency terms. All three regions displayed robust growth; the strongest growth of all was achieved in the Asia region. Axis continued to broaden its product portfolio with the release of a large number of high quality network video products. The expansion plans are continuing with recruitment within sales, marketing, research and development as well as establishment of sales offices. The number of employees amounted to 786 at the end of the period, which implies a slightly lower recruitment rate for the full-year than planned," said Ray Mauritsson, CEO of Axis Communications.
The Axis figures for January-March 2010 in review:
- Net sales during the period amounted to SEK 643 M (532)
- Operating profit during the period amounted to SEK 95 M (46)
- Profit before tax for the period amounted to SEK 95 M (46)
- Profit after tax for the period totaled SEK 69 M (33)
- Earnings per share for the period amounted to SEK 1.00 (0.48)
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