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Axis Communications' security products report good sales for January-March 2010

Published on 23 April, 2010

With sales for January-March 2010 amounting to SEK 634 M, Axis Communications’ surveillance solutions have a bright future
The positive sales trend from the end of 2009 for network video products continued for the first quarter of 2010

  • Net sales during the period amounted to SEK 643 M (532)
  • Operating profit during the period amounted to SEK 95 M (46)
  • Profit before tax for the period amounted to SEK 95 M (46)
  • Profit after tax for the period totalled SEK 69 M (33)
  • Earnings per share for the period amounted to SEK 1.00 (0.48)

    Ray Mauritsson, President, Axis Communications, commented: "The positive sales trend from the end of 2009 for network video products continued during the first quarter of the year. Sales of SEK 643 M corresponds to growth of 21 percent, which adjusted for negative foreign currency effects resulted in growth of 36 percent in local currency terms. All three regions displayed robust growth; the strongest growth of all was achieved in the Asia region. Axis continued to broaden its product portfolio with the release of a large number of high quality network video products. The expansion plans are continuing with recruitment within sales, marketing, research and development as well as establishment of sales offices. The number of employees amounted to 786 at the end of the period, which implies a slightly lower recruitment rate for the full-year than planned."

    The report and slide presentation is available here.

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