|[April 10, 2014]
Axis Communications: Axis AB: Axis Reports Preliminary Financial Results for the First Quarter
STOCKHOLM --(Business Wire)--
Axis (News - Alert) AB (STO:AXIS):
As a result of lower sales during the second half of March, the
operating profit for the first quarter will be weaker than expected.
Axis' sales may have significant quarterly fluctuations as a result of
the company's indirect sales model.
Axis' sales for the first quarter is expected to be SEK 1,129 M (982),
representing a growth of 15 per cent compared to the same period last
year. Operating profit for the period is expected to be SEK 72 M (89).
Axis had a continued high rate in recruitment to secure the opportunity
to take advantage of future growth in the market. During the period, the
number of employees increased by 81 people. There is a continued steady
inflow of new projects and Axis' view on the current growth rate for
network video remains unchanged.
Axis releases its full rport for the first quarter of 2014 on April 24
at 08:00 a.m. (CET).
The information in this press release is such that Axis is required to
disclose in accordance with the Securities Market Act. Submitted for
publication at 08.30 a.m. (CET) on April 10, 2014
About Axis Communications (News - Alert)
Axis offers intelligent security solutions that enable a smarter, safer
world. As the global 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 1,600 dedicated employees in more than 40 countries
around the world, supported by a network of over 65,000 partners across
179 countries. Founded in 1984, Axis is a Sweden-based company listed on
NASDAQ OMX Stockholm under the ticker AXIS. For more information about
Axis, please visit our website www.axis.com
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