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Telefonaktiebolaget LM Ericsson (ERICb.ST)

ERICb.ST on Stockholm Stock Exchange

83.96SEK
19 Jul 2019
Change (% chg)

2.12kr (+2.59%)
Prev Close
81.84kr
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82.58kr
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84.44kr
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82.18kr
Volume
9,084,868
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96.74kr
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68.70kr

Latest Key Developments (Source: Significant Developments)

Ericsson Q2 Operating Income In Line With Estimates At SEK 3.7 Billion
Wednesday, 17 Jul 2019 01:30am EDT 

July 17 (Reuters) - Telefonaktiebolaget LM Ericsson ::REPORTS SECOND QUARTER RESULTS 2019.Q2 SALES 54.8 BILLION (REFINITIVE POLL: SEK 53.22 BILLION).Q2 OPERATING INCOME SEK 3.7 BILLION (REFINITIV POLL: SEK 3.7 BILLION).Q2 GROSS MARGIN WAS 36.6% (34.8%).ORGANIC SALES GROWTH WAS 7% IN THE Q2, MAINLY DRIVEN BY SALES IN NORTH AMERICA AND NORTH EAST ASIA.SAYS STRATEGIC CONTRACTS IN NETWORKS, WITH INITIALLY LOW MARGINS, TAKEN TO STRENGTHEN MARKET POSITION, WILL HAVE A NEGATIVE IMPACT ON GROSS MARGIN WITHOUT JEOPARDIZING 2020 TARGET.SAYS NEGATIVE IMPACT IS EXPECTED TO INCREASE IN 2H 2019.SAYS RESTRUCTURING CHARGES FOR FULL-YEAR 2019 ARE ESTIMATED TO BE SEK -2 TO -4 B. ( PREVIOUS ESTIMATE WAS SEK -3 TO -5 B.).LARGE 5G DEPLOYMENTS IN PARTS OF ASIA ARE EXPECTED TO COMMENCE AT END OF 2019 AND WILL GRADUALLY IMPACT GROSS MARGIN NEGATIVELY IN SHORT TERM..NETWORKS RESEARCH AND DEVELOPMENT EXPENSES ARE EXPECTED TO FLATTEN OUT..TWO-YEAR AVERAGE SALES SEASONALITY BETWEEN Q2 AND Q3 IS 3%. CURRENT SALES LEVEL IN NORTH AMERICA IS EXPECTED TO REMAIN THROUGHOUT 2019..  Full Article

Ericsson And Intellectual Ventures Sign License Agreement
Monday, 10 Jun 2019 02:45am EDT 

June 10 (Reuters) - Ericsson ::AND INTELLECTUAL VENTURES SIGN LICENSE AGREEMENT.LICENSE AGREEMENT ENDS ALL PATENT INFRINGEMENT LAWSUITS BETWEEN COMPANIES,.EXPECTS A NEGATIVE IMPACT ON OPERATING INCOME WITHIN SEGMENT NETWORKS IN Q2 2019.TERMS OF AGREEMENT ARE CONFIDENTIAL.  Full Article

Grupo Ezentis Signs Deal With Ericsson For 40 Mln Euros
Thursday, 30 May 2019 02:24am EDT 

May 30 (Reuters) - Grupo Ezentis SA ::SAYS SIGNS AGREEMENT WITH ERICSSON FOR SUBSCRIPTION OF NEW DEAL FOR ABOUT 40 MILLION EUROS FOR INITIAL PERIOD.CONTRACT FOR MAINTENANCE OF FIXED AND MOBILE NETWORK OF SOME OF ERICSSON CUSTOMERS IN SPAIN, FOR 3 YEARS EXTENDABLE FOR 2 MORE.  Full Article

Veon Announces Revised Technology Infrastructure Partnership With Ericsson
Monday, 25 Feb 2019 12:00am EST 

Feb 25 (Reuters) - Veon Ltd ::VEON ANNOUNCES REVISED TECHNOLOGY INFRASTRUCTURE PARTNERSHIP WITH ERICSSON.AS PART OF REVISED AGREEMENT, VEON WILL RECEIVE $350 MILLION DURING FIRST HALF OF 2019.  Full Article

Reliance Communications Says Moves NCLAT For Withdrawal Of Its Appeal In Ericsson Matter
Monday, 4 Feb 2019 08:43am EST 

Feb 4 (Reuters) - Reliance Communications Ltd ::SAYS MOVES NCLAT FOR WITHDRAWAL OF ITS APPEAL IN ERICSSON MATTER TO PURSUE RESOLUTION PLAN THROUGH NCLT PROCESS.ACCEPTING CO'S APPLICATION FOR WITHDRAWAL APPEAL, NCLAT DIRECTED ERICSSON TO FILE ITS REPLY IN THE MATTER BY 8 FEB 2019.GUARANTORS, ANY THIRD PARTY PROHIBITED FROM INVOKING GUARANTEE, MORTGATE WITHOUT NCLAT’S OR SC'S PRIOR PERMISSION.RCOM OR ANY THIRD PARTY NOT TO SELL/TRANSFER/ALIENATE ANY ASSETS WITHOUT THE NCLAT’S OR THE SUPREME COURT’S PERMISSION.  Full Article

Ericsson Completes Divestment Of Majority Stake In Mediakind
Friday, 1 Feb 2019 03:45pm EST 

Feb 1 (Reuters) - Telefonaktiebolaget LM Ericsson ::COMPLETES DIVESTMENT OF MAJORITY STAKE IN MEDIAKIND.CLOSED DIVESTMENT OF ITS MEDIAKIND BUSINESS TO PRIVATE EQUITY FIRM ONE EQUITY PARTNERS.AS PREVIOUSLY ANNOUNCED, ONE EQUITY PARTNERS BECOMES MAJORITY OWNER, WHILE ERICSSON HAS 49% OF SHARES.  Full Article

Ericsson says Chief Marketing and Communications Officer Norrman to leave firm
Wednesday, 16 Jan 2019 02:30am EST 

Jan 16 (Reuters) - Telefonaktiebolaget LM Ericsson ::ANNOUNCES CHANGE TO THE EXECUTIVE TEAM.SAYS HELENA NORRMAN HAS DECIDED TO LEAVE ERICSSON TO PURSUE OPPORTUNITIES OUTSIDE COMPANY.SAYS HELENA NORRMAN, WHO HAS BEEN WITH COMPANY SINCE 1998, WILL LEAVE HER POSITION AS SENIOR VICE PRESIDENT, CHIEF MARKETING AND COMMUNICATIONS OFFICER AND HEAD OF MARKETING AND CORPORATE RELATIONS, EFFECTIVE NO LATER THAN JUNE 30, 2019.  Full Article

India's RCom Says SC Has Given 4 Weeks' Time To File Response To Contempt Petition Filed By Ericsson
Monday, 7 Jan 2019 04:44am EST 

Jan 7 (Reuters) - Reliance Communications Ltd ::SUPREME COURT HAS GIVEN 4 WEEKS' TIME TO FILE CO'S RESPONSE TO CONTEMPT PETITION FILED BY ERICSSON.ERICSSON HAS BEEN GIVEN ONE WEEK'S TIME TO FILE ITS REJOINDER.HAS DEPOSITED A PARTIAL PAYMENT OF 1.31 BILLION RUPEES TO ERICSSON FROM OPERATIONAL FUNDS AVAILABLE WITH COMPANY.TOOK REQUIRED STEPS TO ENABLE SETTLEMENT, REMAINS FULLY COMMITTED TO MAKE PAYMENT TO ERICSSON FROM PROCEEDS OF SPECTRUM SALE.  Full Article

India's RCom Says NCLAT Adjourned Hearing To Jan 22 In Matter Of Ericsson & Reliance Infratel Minority Related Settlement Petition
Wednesday, 19 Dec 2018 07:58am EST 

Dec 19 (Reuters) - Reliance Communications Ltd ::NCLAT IN MATTER OF ERICSSON PETITION AND RELIANCE INFRATEL MINORITY RELATED SETTLEMENT PETITION ADJOURNED HEARING TO JAN 22.  Full Article

Ericsson Group Profitability Target And Net Sales Ambition 2020
Wednesday, 7 Nov 2018 05:45pm EST 

Nov 7 (Reuters) - Telefonaktiebolaget LM Ericsson ::GROUP PROFITABILITY TARGET AND NET SALES AMBITION 2020.AMBITION FOR NET SALES IS INCREASED TO SEK 210 - 220 (190-200) B. BY 2020.IN NETWORKS, INCREASED INVESTMENTS IN RESEARCH AND DEVELOPMENT FOR TECHNOLOGY AND COST LEADERSHIP WILL CONTINUE.LONG-TERM PROFITABILITY TARGET FOR GROUP FOR OPERATING MARGIN OF MORE THAN 12% EXCLUDING RESTRUCTURING NOW SET TO 2022 AT LATEST.Q4 2018 WILL BE NEGATIVELY IMPACTED BY SEK -0.5 B., OF WHICH SEK -0.2 B. OF RESTRUCTURING CHARGES IMPACTS CASHFLOW.  Full Article

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Downbeat Swedish earnings, oil slide hurt European shares

European stock markets lost ground on Wednesday after three straight days of gains, with Swedish share prices hit by a slew of poor quarterly results and oil majors across the region reeling from this week's slide in oil prices. | Video