Axis AB reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2016. For the quarter, on consolidated basis, the company reported net sales of SEK 1,567.0 million compared to SEK 1,354.3 million a year ago. Operating profit was SEK 153.1 million compared to SEK 144.8 million a year ago. Profit before tax was SEK 153.2 million compared to SEK 144.5 million a year ago. Net profit for the period was SEK 114.1 million compared to SEK 104.1 million a year ago. Total comprehensive income attributable to parent company's shareholders was SEK 116.5 million compared to SEK 116.0 million a year ago. Earnings per share for the period were SEK 1.64 compared to SEK 1.50 a year ago. Cash flow used in operating activities was SEK 79 million compared to cash flow from operating activities of SEK 202.9 million a year ago. Return on total assets was 29.2% compared to 34.9% a year ago. Return on equity was 38.5% compared to 53.2% a year ago.

The parent company's operations are primarily focused on company-wide administration. During the period, net sales amounted to SEK 25.6 million compared to SEK 22.5 million a year ago. Operating profit amounted to SEK 14.9 million compared to SEK 8 million a year ago. Net profit for the period was SEK 16.5 million compared to SEK 3.1 million a year ago.