Axis Q1 2017
From:
https://www.axis.com/documentation/corporate/reports/2017/q1_eng.pdf
The first quarter of 2017 was characterized by strong growth and profitability. A contributory factor to the sales increase was thatmany of our distributors sold off large parts of their inventories due to strong demand in late 2016, and thus needed to replenish theirinventories in early 2017. Foreign currency effects and revenue from the companies we acquired during 2016 also contributed positively to growth. But even apart from these factors, the performance was strong during the quarter.
Net sales increased by 29 percent during the first quarter to SEK 2,027 M
(1,567). Net sales increased by 21 percent in local currencies.
Operating profit increased to SEK 234 M (153), which corresponds to an
operating margin of 11.6 percent (9.8).
Profit after tax amounted to SEK 177 M (114).
Earnings per share amounted to SEK 2.55 (1.64).