Ericsson’s Q2 results beat the market on the back of growing needs for connectivity, which was somewhat enhanced by the recent health crisis. The company improved its market share in both Mainland China and Europe, while the 5G momentum in the USA remained strong, leading to a positive development at the profitability level. Guidance is maintained for both 2020 and 2022.
17 Jul 2020
Q2 20: emerging stronger from the crisis
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Q2 20: emerging stronger from the crisis
Telefonaktiebolaget LM Ericsson Class B (ERIBR:HEL) | 0 0 0.2% | Mkt Cap: 179,329m
- Published:
17 Jul 2020 -
Author:
Hugo Paternoster -
Pages:
3
Ericsson’s Q2 results beat the market on the back of growing needs for connectivity, which was somewhat enhanced by the recent health crisis. The company improved its market share in both Mainland China and Europe, while the 5G momentum in the USA remained strong, leading to a positive development at the profitability level. Guidance is maintained for both 2020 and 2022.