Ericsson published revenues and EBIT below consensus as a result of a SEK-2.5bn sales decline in China and a decrease in IPR of SEK0.5bn. In its previous guidance, China was expected to be its main growth driver. The group will now have to organise outside China as more market share loss is expected.
16 Jul 2021
Q2 21: Chinese market share loss hits profit guidance
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Q2 21: Chinese market share loss hits profit guidance
Telefonaktiebolaget LM Ericsson (ERIC-B:STO), 0 | Telefonaktiebolaget LM Ericsson Class B (ERIC.B:OME), 0
- Published:
16 Jul 2021 -
Author:
Romain Pierredon -
Pages:
3
Ericsson published revenues and EBIT below consensus as a result of a SEK-2.5bn sales decline in China and a decrease in IPR of SEK0.5bn. In its previous guidance, China was expected to be its main growth driver. The group will now have to organise outside China as more market share loss is expected.