Axis AB Announces Earnings Results for the Third Quarter and Earnings Results for the Nine Months Ended September 30, 2018
Axis AB announced earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net sales increased by 20% during the third quarter to SEK 2,695 million compared to 2,253 million a year ago. Net sales increased by 13% in local currencies. Operating profit amounted to SEK 460 million compared to 365 million a year ago, which corresponds to an operating margin of 17.1% compared to 16.2% a year ago. Net profit for the period amounted to SEK 353 million compared to 278 million a year ago. Earnings per share amounted to SEK 5.08 compared to 4.01 a year ago.
For the nine months, the company reported net sales increased by 15% during the period to SEK 7,354 million compared to 6,399 million a year ago. Net sales increased by 15% in local currencies. Operating profit amounted to SEK 1,067 million compared to 808 million a year ago, which corresponds to an operating margin of 14.5% compared to 12.6% a year ago. Net profit for the period amounted to SEK 811 million compared to 604 million a year ago. Earnings per share amounted to SEK 11.67 compared to 8.70 a year ago.