Ericsson reported sales of SEK73.6bn, an increase of 8% yoy. On a comparable basis (comparable units and currency), however, sales were down by 1%. The company performed well in emerging markets such as India, Indonesia and Mexico, while there was some weakness in Russia and Brazil, as in the previous quarter, as well as in the Middle-East. North America and China recovered after a difficult Q3. Despite an IPR agreement with Apple, the gross margin excluding restructuring charges decreased yo
28 Jan 2016
Relying on cost-cutting to preserve profits in the face of no growth
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Relying on cost-cutting to preserve profits in the face of no growth
Telefonaktiebolaget LM Ericsson Class B (ERIBR:HEL) | 0 0 0.2% | Mkt Cap: 179,329m
- Published:
28 Jan 2016 -
Author:
Charles Bordes -
Pages:
2
Ericsson reported sales of SEK73.6bn, an increase of 8% yoy. On a comparable basis (comparable units and currency), however, sales were down by 1%. The company performed well in emerging markets such as India, Indonesia and Mexico, while there was some weakness in Russia and Brazil, as in the previous quarter, as well as in the Middle-East. North America and China recovered after a difficult Q3. Despite an IPR agreement with Apple, the gross margin excluding restructuring charges decreased yo