Ericsson reports first quarter results 2024
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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ericsson.com/en/investors
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Source: PR Newswire
STOCKHOLM, April 16, 2024 /PRNewswire/ -- First quarter highlights – Driving gross margin improvements and cost efficienciesSales declined organically[1] by -14% YoY, due to a -19% decline in Networks. Reported sales decreased to SEK 53.3 (62.6) b.Gross income excluding restructuring charges decreased to SEK 22.8 (24.9) b. as lower sales were partly offset by an improvement in gross margin. Reported gross income was SEK 22.7 (24.2) b.Gross margin excluding restructuring charges improved to 42.7% (39.8%) supported by a competitive product portfolio, cost actions, improved commercial discipline, as well as increased IPR licensing revenues. Reported gross margin was 42.5% (38.6%).EBITA excluding restructuring charges amounted to SEK 5.1 (4.8) b. with a margin of 9.6% (7.7%), which included a one-time gain of SEK 1.9 b. Reported EBITA was SEK 4.9 (3.8) b.Net income was SEK 2.6 (1.6) b. EPS diluted was SEK 0.77 (0.45).Free cash flow before M&A was SEK 3.7 (-8.0) b. reflecting improved mana
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ERIC
Earnings
- 4/16/24 - Beat
ERIC
Analyst Actions
- 1/31/24 - UBS Group AG
ERIC
Sec Filings
- 4/17/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/20/24 - Form 6-K
- ERIC's page on the SEC website