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Research Tree provides access to ongoing research coverage, media content and regulatory news on ERICSSON LM-B SHS. We currently have 8 research reports from 1 professional analysts.

Open
58.0
Volume
15.4m
Range
57.3/58.5
Market Cap
192,525,192,178m
52 Week
43.2/83.6
Date Source Announcement
25Apr17 06:29 GNW Ericsson reports first quarter results 2017
19Apr17 08:00 GNW Ericsson launches fully virtualized video processing platform
11Apr17 10:00 GNW Invitation to media and analyst calls for Ericsson Q1 2017 report
29Mar17 17:23 GNW Ericsson's Annual General Meeting 2017
28Mar17 06:32 GNW Ericsson simplifies organization and names Executive Team
28Mar17 06:31 GNW Ericsson presents focused business strategy
10Mar17 07:00 GNW Ericsson reports restated financials for 2015 and 2016
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Too little improvement offset by persistent weaknesses

  • 25 Apr 17

Ericsson reported Q1 revenues of SEK46.4bn, corresponding to a decrease of 11.2% yoy on a reported basis, while on a comparable basis (comparable units and currency) the decline was 16%. Latin America (-29%), Northern (-24%) and Central (-17%) Europe witnessed sharp drops, while South-East Asia & Oceania showed some growth (+7%). Under the new reporting structure, Networks fell by 12.7% yoy (SEK34.9bn), IT & Cloud by 2.9% (SEK9.5bn) and Media by 19.6% (SEK2bn). Provisions and customer project adjustments had a one-off negative impact of SEK1.4bn. The gross margin came in at 13.9% and was massively impacted by restructuring charges (SEK1.5bn) and customer-related provisions (SEK6.7bn), leading to an adjusted gross margin of 30.5%, down 340bp yoy. Similarly, EBIT was impacted negatively by a total of SEK13.4bn of charges: SEK1.7bn of restructuring, SEK3.3bn of write-downs and SEK8.4bn of provisions; as a consequence, the adjusted EBIT margin came in at 2.3% but the reported EBIT margin at -26.6%. EPS came in at SEK-3.29. The company maintained its annual run rate target of SEK7bn for IPR Licensing (SEK10bn in 2016) and the RAN equipment market forecast at between -2% to -6% in USD; restructuring charges are now expected to reach SEK6-8bn, while renewed Managed Services contracts with reduces scope in North America will have a negative impact on Q2 and Q3 revenues, while an additional negative impact of SEK10bn by 2019 is expected due to low-performing operations in the Managed Services and Networks roll-out.