Axis: Half-year report January-June 2012

The second quarter
• Net sales increased to SEK 1,044 M (747), correspond­ing to growth of 40
percent during the second quarter.
  Net sales increased by 31 percent in local currencies.

• Operating profit increased to SEK 121 M (90), which corresponds to an
operating margin of 11.6 percent (12.1). • Profit after tax amounted to SEK 88 M
(66).

• Earnings per share amounted to SEK 1.26 (0.96).

 The first half-year

• Net sales during the first half-year amounted to SEK 1,925 M (1,555),
corresponding to growth of 24 percent.

  Net sales increased by 18 percent in local currencies.

• Operating profit decreased to SEK 200 M (216), which corresponds to an
operating margin of 10.4
  percent (13.9).

• Profit after tax amounted to SEK 145 M (157).

• Earnings per share amounted to SEK 2.08 (2.27).
Sales in line with expectations

“After a weak start to the year, sales of network video products gained momentum
during the second quarter, which meant sales that were in line with our
expectations. Taken together, this resulted in growth of 24 percent during the
first six months of the year, and growth of 18 percent in local currencies.

The market research institute IMS published a new report during the period in
which Axis was again ranked as the clear market leader in the network cameras
category and now also in the surveillance cam­eras category. Growth expectations
for network video are estimat­ed in the report at approximately 25 percent in
the next few years.

The second quarter was characterized by a continued high recruit­ment rate and
we had 1,265 employees at the end of the period. We saw an unchanged high level
in the inflow of new projects during the second quarter and there is a good
basis for a continued positive trend”.

Ray Mauritsson, President

The full report and slide presentation is available on:
http://www.axis.com/corporate/investor/interim_report.htm

Invitation to telephone conference

Time: Tuesday, July 10 at 10 a.m.

Phone number: +46 (0)8 5052 01 10, code: 918672

Participants from Axis AB will be:

Ray Mauritsson, President and Fredrik Sjöstrand, CFO.
For further information, please contact: Margareta Lantz, Manager IR&Corporate
Communications, Axis Communications Phone: + 46 46 272 18 00, E-mail:
pressoffice@axis.com
About Axis Communications
As the market leader in network video, Axis is leading the way to a smarter,
safer, more secure world — driving the shift from analog to digital video
surveillance. Offering network video solutions for professional installations,
Axis’ products and solutions are based on an innovative, open technology
platform.

Axis has more than 1,000 dedicated employees in 40 locations around the world
and cooperates with partners covering 179 countries. Founded in 1984, Axis is a
Sweden-based IT company listed on NASDAQ OMX Stockholm under the ticker AXIS.
For more information about Axis, please visit our website www.axis.com