1. M A K E Y O U R N E T W O R K S M A R T E R Continued improved profitability January – September 2004 Ray Mauritsson, CEO Fredrik Sjöstrand, CFO

2. Highlights  Improved profitability  Continued growth for Video, +31%  Broadened product portfolio

3. Financial performance: Jan-Sep 2004  Net sales: SEK 492 M (460)  Currency effects had a negative impact of SEK 28 M  Operating profit: SEK 20 M (loss:3)

4. Axis’ two main product areas Network Video Products  Worldwide #1 position  Axis’ largest product area, 68% of sales  An installed base of more than 300,000 units Network Print Servers  Worldwide #2 position  23% of Axis’ sales  An installed base of more than 2,000,000 units

5. Financial performance: Q3, 2004  Net sales: SEK 172 M (155)  Currency effects had a negative impact of SEK 9 M  Operating profit: SEK 18 M (1)

6. Sales by quarter Q3:  Continued strong growth in Video MSEK 2004 Video Other 2003

7. EBIT by quarter Q3:  Positive Development  Gross margin: 53.5% (51.1)  Operating margin: 10.2% (0.5)  Profit margin: 10.8% (0.3)

8. Gross margin by quarter

9. Sales: Q3, 2004 68% Print 23% Other 9% Video 19% 33% 48% Asia Americas EMEA Sales by Product GroupSales by Region

10. Business development  New and developed partnerships (Videor Technical, Dvtel, Integral Technologies and Securitas)  Axis delivers network video products to Mexico´s largest electricity provider.  Axis delivers new customized print servers to Canon

11. Outlook  Further product launches ahead  Restrained development for Print  Long term profitable growth Video sales 1998-2003