Axis Sales Up 22 Per Cent Q2 To SEK 1355M
AXIS Communications second quarter sales increased by 22 per cent to SEK 1355 M (1,114). Operating profit increased to SEK 188 M (127), which corresponds to an operating margin of 13.8 percent.
“During the period, inventory levels increased at a number of distributors, particularly in the US,” said Axis president, Ray Mauritsson. “The EMEA region displayed a good performance with large variations between countries and continued turbulence in parts of Eastern Europe. Southern Asia recovered somewhat after a weak first quarter while Northern Asia showed stable growth.
“During the second quarter, we welcomed 76 new employees to the company and Axis now has 1,784 employees. The recruitment rate within R&D and the sales organization is in line with current sales development. We have continued to maintain a high rate of product releases, and we continue to see positive trends for our solutions targeting smaller installations.”
The solid Q2 result comes after net sales increased by 19 per cent during Q1 to SEK 2,484 M (2,096).