（文章来源：每日经济新闻） 每经AI快讯，1月23日，爱立信股价上涨12%。 ...

Group 1 - Ericsson, a Swedish telecoms equipment maker, anticipates ongoing job cuts as stated by CEO Börje Ekholm [1]

Financial Performance - Ericsson's Q4 2025 organic sales increased by 6% year-over-year[5, 11] - The adjusted gross margin for Q4 2025 was 48.0%[5, 12, 15] - The adjusted EBITA margin for Q4 2025 was 18.3%[5, 12, 16] - For the full year 2025, organic sales grew by 2% year-over-year[5, 18, 19] - The adjusted gross margin for full year 2025 was 48.1%[5, 18, 19] - The adjusted EBITA margin for full year 2025 was 18.1%[5, 18, 19] - Free cash flow before M&A for Q4 2025 was SEK 14.9 billion[12, 16] - Free cash flow before M&A for full year 2025 was SEK 26.8 billion[18, 19] Segment Performance - Networks segment Q4 organic sales grew by 4%[24] - Cloud Software and Services segment Q4 organic sales grew by 12%[29] - Enterprise segment Q4 organic sales grew by 2%[32] Regional Performance - In Q4 2025, Europe, Middle East and Africa (EMEA) saw organic growth of 13%[11] - South East Asia, Oceania and India saw organic growth of 19%[11]

Core Insights - The company demonstrated solid execution of its strategic priorities, achieving organic growth in a flat RAN market through efforts in mission-critical networks, 5G core, and enterprise solutions [3] - The operational improvements over recent years have led to enhanced margins and cash flow, marking the ninth consecutive quarter of year-over-year adjusted EBITA margin expansion [3][4] - The company plans to increase investments in defense while optimizing its cost base to support margins and cash flow generation in the upcoming years [5] Fourth Quarter Highlights - Organic sales growth was achieved in all segments, with a notable 12% growth in the Cloud Software and Services segment [4] - Reported sales for Q4 were SEK 69.3 billion, a decrease from SEK 72.9 billion year-over-year, while adjusted gross income was SEK 33.2 billion, slightly down from SEK 33.7 billion [4][7] - Adjusted EBITA for Q4 was SEK 12.7 billion, reflecting an 18.3% margin, benefiting from improved segment margins in Mobile Networks [4][7] Full-Year Highlights - For the full year, reported sales were SEK 236.7 billion, down from SEK 247.9 billion, with adjusted gross income increasing to SEK 113.9 billion despite a SEK -7.2 billion currency headwind [4][7] - The adjusted gross margin improved to 48.1%, up from 44.9%, driven by enhancements in Mobile Networks [4][7] - Net income for the year was SEK 28.7 billion, with diluted EPS of SEK 8.51, a significant increase from SEK 0.01 the previous year [4][7] Financial Position - The company generated strong free cash flow, with SEK 14.9 billion before M&A in Q4 and SEK 26.8 billion for the full year, resulting in a cash flow to net sales ratio of 11.3% [4][7] - Net cash at the end of 2025 was SEK 61.2 billion, a substantial increase from SEK 37.8 billion the previous year [4][7] - The Board proposed an increased dividend of SEK 3.00 per share and a share buyback program of SEK 15 billion [4][5]

Core Viewpoint - Ericsson aims to return cash to shareholders following the recent sale of its U.S.-based Iconectiv business and ongoing cost-cutting measures [1] Group 1 - The sale of the Iconectiv business is a strategic move to enhance shareholder value [1] - Continued cost-cutting measures are being implemented to improve financial performance [1]

爱立信1月23日发布业绩报告，报告显示，爱立信2025年第四季度销售额同比增长6%，销售额为692.9 亿瑞典克朗；第四季度调整后息税前利润（EBITA）为127亿瑞典克朗，利润率达18.3%；第四季度经调 整毛利率为48％。 ...

Core Viewpoint - Ericsson plans to return 15 billion Swedish crowns ($1.7 billion) to shareholders after exceeding quarterly operating earnings expectations [1] Company Summary - Ericsson reported better-than-expected quarterly operating earnings, indicating strong performance in the telecom equipment sector [1]

By Gianluca Lo Nostro and Agnieszka Olenska Jan 23 (Reuters) - Swedish telecoms gear maker Ericsson said it planned to return 15 billion Swedish crowns ($1.7 ​billion) to investors through its first share buyback programme ever, after it ‌trounced quarterly earnings expectations on Friday. Shares of the company rose more than 11% in early Stockholm trading, ‌leading gains on Europe's benchmark STOXX 600 index. The company reported adjusted earnings before interest and taxes, excluding restructuring cha ...

Core Viewpoint - Vonage and Freenow by Lyft have expanded their partnership with the launch of the Vonage Silent Authentication API for U.S. customers, enhancing user verification and fraud prevention [1] Group 1: Partnership Expansion - The partnership between Vonage and Freenow by Lyft aims to improve user verification processes [1] - The Vonage Silent Authentication API utilizes real-time network data and insights [1] Group 2: Fraud Prevention - The integration of Vonage Network APIs helps Freenow by Lyft prevent fraud through seamless user verification [1] - This collaboration ensures reliable, efficient, and secure interactions for customers and drivers [1]

Group 1 - The central bank has implemented a series of measures to support high-quality economic development, including a 0.25 percentage point reduction in re-lending and rediscount rates, and an increase of 500 billion yuan in re-lending for agriculture and small enterprises [3] - The U.S. White House announced a 25% import tariff on certain semiconductor products starting January 15, affecting Nvidia's H200 chip and AMD's MI325X, while excluding semiconductors for data centers and public sectors [3] - TSMC's Q4 2025 earnings exceeded expectations with a 35% year-on-year increase in net profit to approximately $16 billion, and the company raised its 2026 capital expenditure guidance to $52-56 billion, nearly 40% higher than previous estimates [3] Group 2 - The Ministry of Commerce plans to combine policies to promote consumption and improve people's livelihoods in 2026, focusing on key areas and potential growth points [4] - The National Development and Reform Commission reported that the total social financing scale in 2025 reached 35.6 trillion yuan, with a net cash injection of 1.31 trillion yuan [5] - The financial regulatory authority emphasized the need to effectively manage risks in small financial institutions and support the real estate sector through coordinated financing mechanisms [5] Group 3 - The A-share market showed divergence with high-level stocks experiencing significant declines, while the semiconductor industry and precious metals sectors performed well [7] - The Hong Kong stock market faced fluctuations, with the Hang Seng Index down 0.28%, while real estate stocks showed resilience [7] - The first gold ETF in China surpassed 100 billion yuan in circulation, becoming the largest in Asia [8] Group 4 - Major banks in the U.S. conducted over $140 billion in dividends and stock buybacks in 2025, exceeding previous records [21] - Goldman Sachs reported a 3% decline in Q4 2025 revenue to $13.5 billion, primarily due to its credit card business, while Morgan Stanley's revenue rose 10.3% to $17.89 billion [20][21] - The Ministry of Finance and the State Taxation Administration announced tax exemptions for foreign institutions investing in government bonds and local government bonds, extending until December 31, 2027 [22]