Effective as of February 10, 2025 Becomes member of Ericsson's Executive Team, reporting to the CEO STOCKHOLM, Feb. 5, 2025 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment of Charlotte Levert as its new Chief People Officer, Senior Vice President, and Head of Group Function People. Charlotte Levert who is currently Vice President and Head of People Business Area Cloud and Software Services will replace MajBritt Arfert, whose departure Ericsson announced in October 2024. Charlotte L ...

Ericsson (ERIC) recently announced that Ooredoo Qatar has opted to deploy its latest radio access network (RAN) and microwave backhaul solutions to upgrade the latter’s network infrastructure. This deployment by Qatar's leading telecommunications service provider aims to significantly enhance network performance and reliability, providing users with a superior telecommunications experience.Digging Deep Into ERIC-Ooredoo DealEricsson’s comprehensive offering includes equipment from its state-of-the-art indus ...

PLANO, Texas, Feb. 4, 2025 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and the Lower Colorado River Authority (LCRA) have signed a multi-year agreement to implement a private LTE network across parts of 68 Texas counties. The advanced network will support grid modernization efforts, provide reliable, low-latency communications and help safeguard utility operations against growing threats. LCRA and Ericsson to deploy private LTE network for utilities in Texas "A private LTE network will provide LCRA with add ...

Ericsson (ERIC) recently announced that it has helped Telstra achieve a peak downlink speed of 9.4 Gbps on Telstra’s live commercial 5G Standalone network. With this breakthrough, the Australian telecommunications company aims to significantly enhance its high-capacity 5G connectivity, allowing more users to benefit from uninterrupted video streaming, seamless online gaming and rapid content downloads, especially in high-demand locations such as stadiums, shopping centers and transportation hubs. In today's ...

Earnings Performance - The company reported Q4 EPS of 1.44 Swedish kronor ($0.13), significantly below the expected SEK2.07 ($0.19) [3] - Revenue increased by 1% YoY to SEK72.91 billion ($6.68 billion), mostly in line with forecasts [3] Regional Sales Performance - North America sales surged 53% to SEK22.0 billion due to contract wins, increased network investments, strong year-end software demand, and timing of project deliverables [4] - Sales in Europe and Latin America increased by 1% [4] - Sales declined in Southeast Asia, Oceania, and India (-28%), Northeast Asia (-22%), and Middle East and Africa (-19%) [4] Expenses and Investments - Research and Development (R&D) expenses increased by SEK13.9 billion [5] - Selling & Administrative expenses rose by SEK10.5 billion [5] Market Reaction and Tariff Concerns - American depositary receipts (ADRs) of the company dropped 11% following the earnings miss and tariff warnings [1][6] - The company warned that potential tariffs from the Trump administration could significantly impact its future results, particularly affecting international product development and global value and supply chains [2] - The company also highlighted uncertainties in the future bilateral trading relationship between China and several countries, including Sweden [2] Stock Performance - Despite the recent drop, Ericsson ADRs have gained approximately 40% over the past year [5]

Ericsson (ERIC) reported a soft fourth-quarter 2024 results, with both top and bottom lines missing the Zacks Consensus Estimate. However, the company reported marginal year-over-year top-line growth. Despite solid demand in North America, weakness in the Middle East, Africa, South East Asia, Oceania and India regions affected top-line growth.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Higher IPR licensing revenues, cost optimization and a robust portfolio boosted the gross marg ...

Ericsson Fourth quarter 2024 January 24, 2025 © Telefonaktiebolaget LM Ericsson 2025 | Fourth quarter report 2024 | January 24, 2025 Fourth quarter 2024 This presentation contains forward-looking statements. Such statements are based on our current expectations and are subject to risks and uncertainties that could materially affect our business and results. Please read our earnings reports and our most recent annual report for a better understanding of these risks and uncertainties and please see the last p ...

Financial Data and Key Metrics - The company delivered solid Q4 results, indicating strong performance in the quarter [5] Business Line Data and Key Metrics - Momentum around programmable networks and new ways to monetize them continues to build up, suggesting growth in this segment [5] Market Data and Key Metrics - No specific market data or key metrics mentioned in the provided content Company Strategy and Industry Competition - The company made good progress against its strategic priorities in 2024, indicating a focus on strategic initiatives [5] Management Commentary on Operating Environment and Future Outlook - No specific commentary on the operating environment or future outlook mentioned in the provided content Other Important Information - The call includes forward-looking statements based on current expectations and planning assumptions, subject to risks and uncertainties [3] Summary of Q&A Session - No Q&A session details provided in the content

Strategic Highlights - The company continues to deliver on its strategic and operational priorities, with a strong focus on programmable networks and differentiated performance [1] - Momentum around programmable networks is building, with customers increasingly recognizing the benefits of making mobile networks accessible through APIs [3] - The company signed an open programmable network deal with MasOrange, marking a first for Europe [3] Financial Performance - Q4 2024 - Sales increased by 2% YoY, with 54% growth in the North America market area [6] - Adjusted gross income increased to SEK 33.7 billion, driven by strong expansion in Networks adjusted gross margin to 49.1% [6] - Adjusted EBITA was SEK 10.2 billion, with a 14.1% margin, benefiting from higher gross income and cost actions [6] - Net income was SEK 4.9 billion, with diluted EPS of SEK 1.44 [6] - Free cash flow before M&A was SEK 15.8 billion, supported by earnings growth and improved working capital [6] Financial Performance - Full Year 2024 - Sales declined by 5%, impacted by a 6% sales decrease in Networks [6] - Adjusted gross income increased to SEK 111.4 billion, with an increased contribution from all segments [6] - Adjusted EBITA was SEK 27.2 billion, with an adjusted EBITA margin of 11.0% [6] - Net income was SEK 0.4 billion, with diluted EPS of SEK 0.01 [6] - Free cash flow before M&A was SEK 40.0 billion, benefiting from market mix and customer payment phasing [6] - Net cash at year-end 2024 was SEK 37.8 billion [6] Market and Operational Highlights - The overall RAN market is stabilizing, with strong growth in North America supporting a return to Networks sales growth in Q4 [4] - The company launched new 5G Advanced software in October, maintaining leadership in programmable networks [6] - Growing interest in network APIs, with financial fraud protection and Quality on Demand applications in focus [6] - A further patent licensing agreement was signed in Q4, with strong IPR revenue generation in 2024 [6] Future Outlook - In 2025, the company will continue to benefit from its product leadership position in Networks, with the best performance and energy efficiency in the industry [5] - The priority in Enterprise remains stabilizing the commercial performance in the current portfolio and driving growth in areas such as mission-critical and enterprise private networks [5] - The company is committed to putting high-performing, programmable, and differentiated networks at the center of the digitalization of enterprise and society [5] Financial Metrics - Q4 2024 vs. Q4 2023 - Net sales: SEK 72.9 billion vs. SEK 71.9 billion, a 1% increase [8] - Adjusted gross margin: 46.3% vs. 41.1% [8] - Adjusted EBITA: SEK 10.2 billion vs. SEK 8.2 billion, a 25% increase [8] - Net income: SEK 4.9 billion vs. SEK 3.4 billion, a 43% increase [8] - Free cash flow before M&A: SEK 15.8 billion vs. SEK 12.5 billion, a 27% increase [8] Financial Metrics - Full Year 2024 vs. Full Year 2023 - Net sales: SEK 247.9 billion vs. SEK 263.4 billion, a 6% decrease [8] - Adjusted gross margin: 44.9% vs. 39.6% [8] - Adjusted EBITA: SEK 27.2 billion vs. SEK 21.4 billion, a 27% increase [8] - Net income: SEK 0.4 billion vs. SEK -26.1 billion [8] - Free cash flow before M&A: SEK 40.0 billion vs. SEK -1.1 billion [8]

Ericsson (ERIC) recently announced that it has been selected by the British telecommunications company, Three UK, to develop its next-generation, cloud-native core network. This collaborative effort aims to more than triple Three UK’s core capacity to 9 terabits per second (Tbps), positioning the upgraded network as the largest of its kind in Europe.Digging Deep Into ERIC- Three UK CollaborationAn exponential growth in streaming services, gaming and home broadband has led to a surge in data traffic.  Data u ...