Q2 reported sales increased by 11% to SEK60.7bn. But sales, adjusted for comparable units and currency, decreased by 6% yoy, exactly as in...Q1 ! This poor performance is once again due to the US market still slowing as operators remain focused on cash flow optimisation in order to finance major acquisitions and spectrum auctions. But we note, however, the mobile broadband business in North America stabilised in the quarter even if it remained at a lower level than a year ago. The revenue dec
17 Jul 2015
A good operating performance in Q2 despite still disappointing revenues
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A good operating performance in Q2 despite still disappointing revenues
Telefonaktiebolaget LM Ericsson Class B (ERIBR:HEL) | 0 0 0.2% | Mkt Cap: 179,329m
- Published:
17 Jul 2015 -
Author:
Charles Bordes -
Pages:
3
Q2 reported sales increased by 11% to SEK60.7bn. But sales, adjusted for comparable units and currency, decreased by 6% yoy, exactly as in...Q1 ! This poor performance is once again due to the US market still slowing as operators remain focused on cash flow optimisation in order to finance major acquisitions and spectrum auctions. But we note, however, the mobile broadband business in North America stabilised in the quarter even if it remained at a lower level than a year ago. The revenue dec