Ericsson reported sales of SEK59.2bn, an increase of 3% yoy. On a comparable basis (comparable units and currency), however, sales were down by 9% yoy at SEK59.2bn for the third quarter in a row. The areas of weakness were Japan, Russia and Brazil, while on the other hand strong growth was reported in India, South East Asia and Oceania. From a divisional perspective, this dip in revenues was caused by lower sales in Networks, partly offset by sales growth in Professional Services. The gross m
23 Oct 2015
A disappointing top-line, offset by the cost-cutting program
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A disappointing top-line, offset by the cost-cutting program
Telefonaktiebolaget LM Ericsson Class B (ERIBR:HEL) | 0 0 0.2% | Mkt Cap: 179,329m
- Published:
23 Oct 2015 -
Author:
Charles Bordes -
Pages:
2
Ericsson reported sales of SEK59.2bn, an increase of 3% yoy. On a comparable basis (comparable units and currency), however, sales were down by 9% yoy at SEK59.2bn for the third quarter in a row. The areas of weakness were Japan, Russia and Brazil, while on the other hand strong growth was reported in India, South East Asia and Oceania. From a divisional perspective, this dip in revenues was caused by lower sales in Networks, partly offset by sales growth in Professional Services. The gross m