Ericsson’s organic sales rise 7% as it merges its two Asian units
New chief executive Per Narvinger warned that component costs will be a headwind to gross margin next year. Three Executive Team members will transition from their current positions on 31 December.
Via TNW | Business
Ericsson’s adjusted earnings before interest, taxes and amortisation (EBITA) came in at SEK 10.1bn ($1bn) in the third quarter. Analysts had expected SEK 7.93bn on average, according to data compiled by Bloomberg.
The shares rose as much as 11% in Stockholm on Thursday, Bloomberg reported. It was their biggest intraday gain since 23 January, and took their rise this year to 18%.
Sales and profit
Reported sales were SEK 59.5bn, up from SEK 56.2bn a year earlier, the Swedish company…
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