Axis Communications released its half-year report for the period of January to June 2013.

The second quarter

• Net sales increased by 7 percent during the second quarter to SEK 1,114 M (1,044). Net sales increased by 12 percent in local currencies
• Operating profit increased to SEK 127 M (121), which corresponds to an operating margin of 11.4 percent (11.6)
• Profit after tax amounted to SEK 96 M (88)
• Earnings per share amounted to SEK 1.38 (1.26).

The first half-year

• Net sales increased by 9 percent during the period to SEK 2,096 M (1,925). Net sales increased by 14 percent in local currencies
• Operating profit increased to SEK 216 M (200), which corresponds to an operating margin of 10.3 percent (10.4)
• Profit after tax amounted to SEK 162 M (145)
• Earnings per share amounted to SEK 2.33 (2.08).

Continued global market leader

Ray Mauritsson, President at Axos Communications commented: "Sales in the second quarter amounted to SEK 1,114 M. During the period, the key North American market in particular continued to display a strong performance. In May, IHS published its annual report on the video surveillance market. We are proud, just like last year, to be ranked as global market leader in both the "Network Cameras" and "Security Cameras" categories. For the first time, Axis is now also ranked as market leader in the "Video Encoders" category. Recruitment of personnel for the longer term is continuing and above all within R&D and the sales organization. Investments in technological development have enabled the release of a number of new and strategically important products and solutions during the period".