Axis has continued to strengthen its position in the network video market during the period by focusing on product releases, collaboration with partners and expansion. During the quarter, a number of new network cameras were launched on the market. We are continuing to invest in partner education and our certification programme is being rolled out in new markets around the world.
Axis: Interim report January - March 2013
The first quarter
Net sales increased by 11 percent during the first quarter to US$153.8 million (SEK 982 million).
Net sales increased by 16 percent in local currencies.
Operating profit increased to $14.0 million, which corresponds to an operating margin of 9.1 percent (9.0).
Profit after tax amounted to $ 10.3 million.
Earnings per share amounted to $ 0.15.
A cautious start to the year
"Uncertainty in the global economy continues to affect the growth rate for network video. Market growth during the first quarter essentially remained at the same level as the end of 2012. Sales increased by 11 percent during the first quarter to $158.3 million. Growth in local currencies was 16 percent. During the period, we saw a positive trend in the number of project inquiries compared to the previous quarter.
Axis has continued to strengthen its position in the network video market during the period by focusing on product releases, collaboration with partners and expansion. During the quarter, a number of new network cameras were launched on the market. We are continuing to invest in partner education and our certification programme is being rolled out in new markets around the world. It is particularly gratifying that we are continuing to see increasing interest for solutions targeting smaller installations.
Axis has a strong financial position and is continuing to invest for future growth and expansion. It is still difficult to judge the market trend, but the underlying demand and the ongoing technology shift mean that good potential exists for a continued positive development in network video. Our new vision and mission clearly emphasize our ambition – to continue to develop new innovative products and strengthen our position as market leader in network video." said Ray Mauritsson, President.