Axis presents interim results for the half year

Axis today forecasts interim net sales for the first half-year 2011 of approximately MSEK 1,550. This is equivalent to a sales increase of 17 percent in Swedish kronor and approximately 30 percent in local currencies.

The sales result for the half-year is thus in line with the previously communicated long-term growth expectations, but is lower than the latest compilation of the market's expectations produced by SME Direkt*.

The expansion including recruitments has continued, which combined with a stable gross margin and prevailing exchange rates means that the operating margin for the first half-year is expected to amount to approximately 13 percent.

"Axis operates on a market which is expected to have a growth potential of 25 -30 percent in the coming years. At times, Axis' sales of network video products will be irregular in the short-term, but there is good long-term potential for continued positive growth in the network video field", says Ray Mauritsson, President of Axis Communications.

Axis releases its interim report for the period January-June on July 8 at 08.00 a.m. and presents the interim report via a teleconference at 10.00 a.m. Phone number 08-5052 01 10.

* SME Direkt, April 29