Weak Q1e for Networks' BUs, but adj. EBIT +53% y-o-y due to Technologies. We lift '24e adj. EBIT 3% on the renewed smartphone agreements. 2024 will be back-end loaded - we keep HOLD.

10 Apr 2024
Technologies in the limelight

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Technologies in the limelight
- Published:
10 Apr 2024 -
Author:
ABGSC Telecom Equipment Research | Simon Granath | Oscar Rönnkvist -
Pages:
11 -
Weak Q1e for Networks' BUs, but adj. EBIT +53% y-o-y due to Technologies. We lift '24e adj. EBIT 3% on the renewed smartphone agreements. 2024 will be back-end loaded - we keep HOLD.