Axis reports strong third quarter

Axis reports sales in the third quarter increased by 11 percent compared to the strong comparative quarter in 2013.

The third quarter

• Net sales increased by 11 percent during the third quarter to SEK 1,462 M (1,322). Net sales increased by 7 percent in local currencies
• Operating profit amounted to SEK 257 M (258), which corresponds to an operating margin of 17.5 percent (19.5)
• Profit after tax amounted to SEK 193 M (200)
• Earnings per share amounted to SEK 2.77 (2.88)

January - September

• Net sales increased by 15 percent during the period to SEK 3,946 M (3,418)
• Net sales increased by 14 percent in local currencies
• Operating profit increased to SEK 516 M (474), which corresponds to an operating margin of 13.1 percent (13.9)
• Profit after tax amounted to SEK 384 M (362)
• Earnings per share amounted to SEK 5.52 (5.21)

President's message
"Sales in the third quarter increased by 11 percent compared to the strong comparative quarter in 2013. During the first nine months of 2014, the growth rate was 15 percent. Our view on the market development remains unchanged. Inventory levels at distributors are largely unchanged from the previous quarter.

During the busy trade exhibition period in September, Axis released a number of important new products and solutions. We have strengthened our camera portfolio with new models in the Axis Q-series and seen good response to the products that were launched earlier in the year. Meanwhile, we have broadened our offering for medium-sized installations. Axis network cameras and software can now be offered as an overall solution adapted to end user needs. The offering has been developed with a clear ambition to make it easier for resellers and to improve the experience for end users. Axis has also released physical access control in Europe as a step in our long-term growth strategy. I am proud that we are continuing to quickly meet new market needs and to identify new trends while maintaining quality and assuming responsibility at all stages".
Ray Mauritsson, President