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Axis interim report: January to March 2009

Published on 26 May, 2009

 Axis, driving the network video market
Axis Communications reporteds trong positive impact of currencies during the first quarter of  2009
Strong currency effects on sales

•Net sales during the period amounted to SEK 532 M (438).

•Operating profit during the period totaled SEK 46 M (69).

•Profit before tax for the period amounted to SEK 46 M (68).

•Profit after tax for the period totaled SEK 33 M (49).

•Earnings per share during the period amounted to SEK 0.48 (0.71).

Axis President Ray Mauritsson commented: "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".

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