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2016-10-20

AXIS COMMUNICATIONS: Axis AB: Interim report January-September 2016

Third quarter

· Net sales increased by 5 percent during the third quarter to SEK
1,997 M (1,906). Net sales increased by 5 percent in local
currencies.

· Operating profit amounted to SEK 312 M (389), which corresponds to
an operating margin of 15.6 percent (20.4).

· Profit after tax amounted to SEK 233 M (289).
· Earnings per share amounted to SEK 3.35 (4.16).
January - September

· Net sales increased by 9 percent during the period to SEK 5,327 M
(4,876). Net sales increased by 10 percent in local currencies.

· Operating profit amounted to SEK 632 M (650), which corresponds to
an operating margin of 11.9 percent (13.3).

· Profit after tax amounted to SEK 470 M (476).
· Earnings per share amounted to SEK 6.76 (6.85).
President's comments

After a strong first half of 2016, the growth rate and level of
activity was slightly weaker during the third quarter. However, we
displayed a good performance due to seasonally lower costs.

During the third quarter, we introduced new technology, which delivers
better focus and image quality and broadened our offering, for
example, to also include network loudspeakers. This demonstrates the
continued high innovation rate in the company and that we are
continuing to develop a broader offering with a greater focus on
overall customer solutions.

On September 1 in EMEA and on October 1 in North America, Axis assumed
responsibility for sales, marketing and service of Canon's network
video products. The network camera market continues to show great
potential. We are now able to offer a wider range of products and
solutions to our customers.

Finally, it is positive to see the strong performance of the companies
we acquired during the first half of 2016, and how they are
contributing to Axis' offering. 2N is continuing to show growth and
is strengthening its market-leading position in the IP intercom
field. Citilog and Axis are conducting several joint projects in
traffic monitoring. We also see how Cognimatics' applications are
well suited to Axis' offering in the retail sector.

Ray Mauritsson
President

The report is available here
(http://www.axis.com/documentation/corporate/reports/2016/q3_eng.pdf).

The information in this interim report is such that Axis is required
to disclose in accordance with the Securities Market Act. Submitted
for publication at 08.00 a.m. (CET) on October 20, 2016.

For further information, please contact:

Björn Hallerborn, PR & Corporate Communications Manager
Mail: pressoffice@axis.com
Phone: +46 46 272 18 00

About Axis Communications

Axis offers intelligent security solutions that enable a smarter,
safer world. As the market leader in network video, Axis is driving
the industry by continually launching innovative network products
based on an open platform - delivering high value to customers
through a global partner network. Axis has long-term relationships
with partners and provides them with knowledge and ground-breaking
network products in existing and new markets.

Axis has more than 2,500 dedicated employees in more than 50 countries
around the world, supported by a global network of over 80,000
partners. Founded in 1984, Axis is a Sweden based company listed on
NASDAQ Stockholm under the ticker AXIS. For more information about
Axis, please visit our website www.axis.com.

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http://news.cision.com/axis-communications/r/axis-ab--interim-report-jan...
http://mb.cision.com/Main/968/2104279/577170.pdf

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