Ericsson released strong results, benefiting from the rollout of 5G networks across the US and China as well as market share gains in Europe. This was also a clear beat over the consensus in terms of profitability, sustained by the improving margin in Network. Going forward, the company maintains its financial objective for both 2020 and 2021.
21 Oct 2020
Q3 20: fuelled by China and market share gains
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 20: fuelled by China and market share gains
Telefonaktiebolaget LM Ericsson Class B (0O87:LON), 0 | Telefonaktiebolaget LM Ericsson Class B (ERIC.B:OME), 0 | Telefonaktiebolaget LM Ericsson Class B (ERCB:ETR), 0 | Telefonaktiebolaget LM Ericsson Class B (ERIBR:HEL), 0 | Telefonaktiebolaget LM Ericsson Class B (ERIXF:OTC), 0
- Published:
21 Oct 2020 -
Author:
Hugo Paternoster -
Pages:
3
Ericsson released strong results, benefiting from the rollout of 5G networks across the US and China as well as market share gains in Europe. This was also a clear beat over the consensus in terms of profitability, sustained by the improving margin in Network. Going forward, the company maintains its financial objective for both 2020 and 2021.