- Telefonaktiebolaget LM Ericsson press release (NASDAQ:ERIC): Q2 GAAP EPS of -SEK3.34.
- Revenue of SEK59.8B (-7.1% Y/Y).
- Adjusted EBITA was SEK 4.1B, with a 6.8% margin.
- Free cash flow before M&A was SEK 7.6B.
- Gross cash increased sequentially by SEK1.7B to SEK 53.7B.
- “We expect market conditions to remain challenging this year, as the pace of India investments slow, however our sales will benefit during the second half from contract deliveries in North America,” said Börje Ekholm, President and CEO.
- Outlook: Amortization of intangible assets is expected to be around SEK -0.5 b. per quarter, of which approximately SEK -0.4 b. related to segment Enterprise. Restructuring charges for 2024 are expected to be in the range of SEK 3.0B-4.0B.
- By segment: Sales Networks: Average seasonality between Q2 and Q3 last 3 years: +1%; Networks Adjusted gross margin in Q3 is expected to be in the range of 45-47%.
- Sales of Cloud Software and Services: Average seasonality between Q2 and Q3 last 3 years: +4%.
2024-07-12