- Telefonaktiebolaget LM Ericsson press launch (NASDAQ:ERIC): Q2 GAAP EPS of -SEK3.34.
- Income of SEK59.8B (-7.1% Y/Y).
- Adjusted EBITA was SEK 4.1B, with a 6.8% margin.
- Free money circulate earlier than M&A was SEK 7.6B.
- Gross money elevated sequentially by SEK1.7B to SEK 53.7B.
- “We count on market circumstances to stay difficult this 12 months, because the tempo of India investments sluggish, nonetheless our gross sales will profit through the second half from contract deliveries in North America,” stated Börje Ekholm, President and CEO.
- Outlook: Amortization of intangible belongings is predicted to be round SEK -0.5 b. per quarter, of which roughly SEK -0.4 b. associated to section Enterprise. Restructuring prices for 2024 are anticipated to be within the vary of SEK 3.0B-4.0B.
- By section: Gross sales Networks: Common seasonality between Q2 and Q3 final 3 years: +1%; Networks Adjusted gross margin in Q3 is predicted to be within the vary of 45-47%.
- Gross sales of Cloud Software program and Providers: Common seasonality between Q2 and Q3 final 3 years: +4%.