“The trend in 2013 was in line with our current view of the global market growth for network video. Full-year sales increased by 17% in local currency, sales in the Q4 were in line with the strong Q3."
The fourth quarter
* Net sales increased by 10% during the Q4 to $199.07 M.
* Net sales increased by 12% in local currencies.
* Operating profit decreased to $25.44 M, which corresponds to an operating margin of 12.8%.
* Profit after tax amounted to $17.93 M.
* Earnings per share amounted to $0.26.
* The board proposes a dividend of $0.84, of which $0.46 is an extra dividend.
January – December
* Net sales increased by 13% during the period to $0.72 M.
* Net sales increased by 17% in local currencies.
* Operating profit increased to $98.08M, which corresponds to an operating margin of 13.6%.
* Profit after tax amounted to $73.41M.
* Earnings per share amounted to $1.06.
Performance in line with expectations
"The trend in 2013 was in line with our current view of the global market growth for network video. Full-year sales increased by 17% in local currency, sales in the Q4 were in line with the strong Q3. It is difficult to predict the trend for 2014. At present, we are maintaining our current view of the market trend. By continuing to develop solutions for new customer segments and markets, while strengthening our offering in existing markets, Axis is well-positioned to continue its global expansion and reinforce the company's market-leading position.”said Ray Mauritsson, President of Axis.