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Axis Presents Interim Results for the Half Year - Axis today forecasts interim net sales for the first half-year 2011 of approximately MSEK 1,550. This is equivalent to a sales increase of 17 percent in Swedish kronor and approximately 30 percent in local currencies
Axis Presents Interim Results for the Half Year

 

PRZOOM - /newswire/ - Chelmsford, MA, United States, 2011/06/15 - Axis today forecasts interim net sales for the first half-year 2011 of approximately MSEK 1,550. This is equivalent to a sales increase of 17 percent in Swedish kronor and approximately 30 percent in local currencies. NASDAQ OMX: AXIS

   
 
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The sales result for the half-year is thus in line with the previously communicated long-term growth expectations, but is lower than the latest compilation of the market’s expectations produced by SME Direkt*.

The expansion including recruitments has continued, which combined with a stable gross margin and prevailing exchange rates means that the operating margin for the first half-year is expected to amount to approximately 13 percent.

“Axis operates on a market which is expected to have a growth potential of 25 -30 percent in the coming years. At times, Axis’ sales of network video products will be irregular in the short-term, but there is good long-term potential for continued positive growth in the network video field”, says Ray Mauritsson, President of Axis Communications.

Axis releases its interim report for the period January-June on July 8 at 08.00 am. and presents the interim report via a teleconference at 10.00 am. Phone number 08-5052 01 10.

* SME Direkt, April 29

About Axis Communications

Axis (axis.com) is an IT company offering network video solutions for professional installations. The company is the global market leader in network video, driving the ongoing shift from analog to digital video surveillance. Axis products and solutions focus on security surveillance and remote monitoring, and are based on innovative, open technology platforms.

Axis is a Swedish-based company, operating worldwide with offices in more than 20 countries and cooperating with partners in more than 70 countries. Founded in 1984, Axis is listed on NASDAQ OMX Stockholm, under the ticker AXIS.

 
 
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Agency / Source: Axis Communications AB

 
 

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Axis Presents Interim Results for the Half Year

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Axis Communications |
Contact: Margareta Lantz - Axis.com 
+46 (0) 46-272 18 00 margareta.lantz[.]axis.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Axis Communications AB securities in any jurisdiction including any other companies listed or named in this release.

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