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
25 Apr 2017
Too little improvement offset by persistent weaknesses
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Too little improvement offset by persistent weaknesses
Telefonaktiebolaget LM Ericsson Class B (ERIBR:HEL) | 0 0 0.2% | Mkt Cap: 179,329m
- Published:
25 Apr 2017 -
Author:
Charles Bordes -
Pages:
3
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