Mauritsson, Axis: Interim report January – March 2015
“During the first three months of the year – states Ray Mauritsson, Axis Communications President – we were able to present a large number of new solutions in various product categories. While Axis is continuing to strengthen the offering with new innovative network cameras, we are also continuing to broaden our product portfolio with complementary innovations and advanced versions of our different software solutions directed towards small and medium-sized installations. The recruitment rate remained high in early 2015 and the number of employees increased by 78 persons.
The growth rate during the quarter was negatively impacted by a turbulent macroeconomic situation in several of Axis’ markets. We are also continuing to note low inventory levels at larger distributors. The fire at the Thai production unit in November caused supply disruptions of certain products. This had a more negative impact on sales during the quarter than we previously estimated.
On February 10, Canon made a public offer to Axis’ shareholders of SEK 340 per share. The acceptance period ran from March 3 to April 1. On April 8, Canon announced that it completes the offer and that the acceptance period was being extended until April 21. Further information about the offer is available on Axis’ website.
We will continue to develop our offering. The market for network surveillance still has great potential and Axis has a clear ambition to strengthen its market-leading position by developing the partner network, attracting skilled employees and releasing leading security solutions.”
The first quarter
• Net sales increased by 20 percent during the first quarter to SEK 1,354 M (1,129). Net sales increased by 2 percent in local currencies
• Operating profit amounted to SEK 145 M (72), which corresponds to an operating margin of 10.7 percent (6.4)
• Profit after tax amounted to SEK 104 M (52)
• Earnings per share amounted to SEK 1.50 (0.75)
• On February 10, Canon made a public offer to Axis’ shareholders
by the Editorial Staff
