Ericsson reported a Q1 18 gross margin above market expectations as cost savings from job cuts started to kick in. This positive surprise come after many disappointing quarters led by one-offs, restructuring, write-downs of assets and a clear lack of visibility on the top line. This quarter is clearly a positive, but needs confirmation to validate a bottoming out.
24 Apr 2018
Cost savings have started to kick-in
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Cost savings have started to kick-in
Telefonaktiebolaget LM Ericsson Class B (ERIBR:HEL) | 0 0 0.2% | Mkt Cap: 179,329m
- Published:
24 Apr 2018 -
Author:
Lionel Pellicer -
Pages:
3
Ericsson reported a Q1 18 gross margin above market expectations as cost savings from job cuts started to kick in. This positive surprise come after many disappointing quarters led by one-offs, restructuring, write-downs of assets and a clear lack of visibility on the top line. This quarter is clearly a positive, but needs confirmation to validate a bottoming out.