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Telefonaktiebolaget LM Ericsson (ERICa.ST)

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Latest Key Developments (Source: Significant Developments)

Qualcomm Technologies announces collaboration on 5g new radio trials
Tuesday, 3 Jan 2017 05:00pm EST 

Telefonaktiebolaget Lm Ericsson :Qualcomm Technologies - Qualcomm, Ericsson, At&T announce collaboration on 5g new radio trials intended to accelerate wide-scale 5g deployments.  Full Article

Ericsson says staff cuts ahead of plan, raises 2016 cost estimate
Thursday, 8 Dec 2016 02:30am EST 

Ericsson : Update on cost and efficiency program . Says intended reductions in Sweden announced on Oct 4, 2016 are progressing ahead of plan . Ericsson says total company restructuring cost for 2016 estimated to SEK 5.5-6.5 bln, compared to previous estimate of SEK 4-5 bln, due to faster implementation of cost and efficiency program in Sweden . Ericsson says restructuring costs for 2017 are expected to somewhat decrease, but will be communicated in conjunction with Ericsson Q4 result in January 2017 . Says voluntary program finalized - no further forced workforce reduction currently planned in Sweden .Says voluntary program in sweden has been successfully completed and 1,600 employees will leave Ericsson through program on December 31, 2016.  Full Article

AT&T launches first 5G business customer trial with Intel and Ericsson
Monday, 5 Dec 2016 04:27pm EST 

Telefonaktiebolaget Lm Ericsson :AT&T launches first 5G business customer trial with intel and ericsson.  Full Article

Ericsson CEO says not beginning of the end for company
Wednesday, 12 Oct 2016 03:43am EDT 

Ericsson acting CEO Jan Frykhammar in conference call: Says this is absolutely not the beginning of the end for Ericsson Further company coverage: [ERICb.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Ericsson not seeing new trend in pricing environment-acting CEO
Wednesday, 12 Oct 2016 03:26am EDT 

Ericsson acting CEO Jan Frykhammar in conference call: Says sees market headwinds remaining in short term by which co means its current visibility of 2-3 quarters . Says has not seen any new trend in pricing environment Further company coverage: [ERICb.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Ericsson issues Q3 profit warning
Wednesday, 12 Oct 2016 01:37am EDT 

Ericsson : Ericsson announces preliminary Q3 earnings . Says sales declined by -14 pct year-on-year to SEK 51.1 (59.2) billion, driven by slower development in segment networks where sales declined by -19 pct . Says business result for Q3 2016 will be significantly lower than company expectations . Says gross margin declined to 28 pct (34) following lower volumes in segment networks, lower mobile broadband capacity sales, and higher share of services sales . Says operating income declined to SEK 0.3 (5.1) billion, including restructuring charges of SEK 1.3 billion . Says negative industry trends from first half 2016, with weaker demand for mobile broadband, especially in markets with weak macro-economic environment, have further accelerated . Says current trends are expected to continue short term . Says continued progress in our cost reduction programs did not offset lower sales and gross margin. .Says we will continue to drive ongoing cost program and implement further reductions in cost of sales to meet lower sales volumes.  Full Article

Raybased: Partnership agreement signed with Ericsson
Monday, 26 Sep 2016 09:03am EDT 

Raybased AB (publ) : Says has previously announced that it has signed a partnership agreement regarding a cloud-based IoT platform . Says the partner Raybased has signed agreement with is telecom company Ericsson AB .The agreement means that Raybased may use Ericsson's name and logo in marketing and sales of the company's products.  Full Article

Ericsson shares rise 4 percent after CEO steps down
Monday, 25 Jul 2016 03:02am EDT 

Telefonaktiebolaget LM Ericsson : Ericsson shares rise 4 percent after CEO steps down [nL8N1AB0T8] Further company coverage: [ERICb.ST] (Reporting by Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46-(0)8-700 10 17;)).  Full Article

Ericsson CFO says emerging markets most important factor behind weak H2 outlook
Tuesday, 19 Jul 2016 03:12am EDT 

Ericsson : Ericsson CFO says emerging markets, hit by weak currencies and oil prices, most important factor behind weak H2 outlook Further company coverage: [ERICb.ST] ((Sven.Nordenstam@thomsonreuters.com;)).  Full Article

Ericsson Q2 op profit below expectations, says to intensify activities to reduce cost of sales
Tuesday, 19 Jul 2016 01:29am EDT 

Ericsson : Says 4g sales in mainland China and networks sales in North america were stable . Q2 operating profit sek 2.8 bln vs mean forecast 3.0 bln in Reuters poll . Q2 sales 54 bln sek vs mean forecast 55 bln in Reuters poll . Q2 gross margin 32.3 pct vs mean forecast 32.3 pct in Reuters poll . Says further actions are initiated to reduce cost, targeting a new annual run rate of operating expenses, excluding restructuring charges, of sek 53 b. In second half of 2017 . Says negative industry trends from q1 have intensified impacting demand for mobile broadband, especially in markets with a weak macro-economic environment . Says cost and efficiency program targeting savings of sek 9 b. During 2017, is progressing according to plan . Says in addition, we will reduce research and development investments in ip and capture efficiency gains from new company structure . Says current sales trends and business mix are expected to prevail for second half of year .Says given current industry trends, we will intensify our activities to reduce cost of sales and adapt our operations to a weaker mobile broadband market.  Full Article