Axis Communications Report January to March 2009 Strong Currency Effects on Sales

  • Net sales during the period amounted to US$65.1 million (54 million in 2008)
  • Operating profit during the period totaled $6 million (8.4 million)
  • Profit before tax for the period amounted to $6 million (8.3 million)
  • Profit after tax for the period totaled $4.03 million (6 million)
  • Earnings per share for the period amounted to $0.06 (0.09).

    "The level of activity on the market for network video security installations is still relatively low, as was the case at the end of 2008, and the trend continues to be difficult to assess. During the first quarter, the currencies have had a strongly positive impact on sales growth compared with the corresponding quarter of the preceding year. Americas region reported growth of 8 percent in local currency terms, while EMEA region and Asia region reported negative growth of 13 percent in each region. The high rate of recruitment at the end of last year resulted in increased costs during the first quarter of 2009. Recruitment of personnel has continued during 2009, but now at a considerably lower rate.” said Ray Mauritsson, President of Axis Communications.
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