{"id":10493,"date":"2024-10-15T19:09:48","date_gmt":"2024-10-15T12:09:48","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=10493"},"modified":"2024-10-15T19:09:48","modified_gmt":"2024-10-15T12:09:48","slug":"ericsson-reports-third-quarter-results-2024","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=10493","title":{"rendered":"Ericsson reports third quarter results 2024"},"content":{"rendered":"

STOCKHOLM<\/span><\/span>, Oct. 15, 2024<\/span><\/span> \/PRNewswire\/ —<\/p>\n

Strategic highlights \u2013 solid progress on both strategic and operational priorities\u00a0<\/p>\n

Increased momentum in programmable networks, mobile network contract wins in multiple markets.\u00a0\u00a0 Global supply of Network APIs secured with\u00a0JV agreed between leading mobile network operators and Ericsson.\u00a0\u00a0 Further 5G patent licensing agreement signed in Q3, IPR revenues expected to reach at least SEK 13 b<\/span>. in 2024.\u00a0\u00a0 <\/p>\n

Financial highlights \u2013 strong growth in North America<\/span> and continued gross margin expansion\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p>\n

Sales declined by -1%*\u00a0YoY, with strong growth in market area North America<\/span> of 55%* offset by declines in most other market areas. Reported sales were SEK 61.8<\/span> (64.5) b<\/span>. \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Adjusted[1] gross income increased to\u00a0SEK 28.6 (25.3) b<\/span>. driven by a strong expansion in Networks adjusted[1] gross margin to 48.7% (39.9%). Reported gross income was SEK 28.2<\/span> (24.7) b<\/span>.\u00a0\u00a0 Adjusted[1] gross margin was 46.3% (39.2%) mainly due to market mix, commercial discipline, and cost actions. A customer settlement and increased\u00a0IPR revenues also contributed. Reported gross margin was 45.6% (38.4%).\u00a0\u00a0 \u00a0Adjusted[1] EBITA was SEK 7.8<\/span> (4.7) b<\/span>. with a 12.6% (7.3%) margin, benefiting from higher gross income and cost reduction actions, partly offset by targeted investments in R&D. EBITA was SEK 6.2<\/span> (3.8) b<\/span>.\u00a0\u00a0\u00a0 \u00a0Net income was SEK 3.9<\/span> (-30.5) b<\/span>. EPS diluted was SEK 1.14<\/span> (-9.21).\u00a0\u00a0 Free cash flow before M&A was SEK 12.9<\/span> (-0.5) b<\/span>. benefiting from strong inventory management and market mix.\u00a0\u00a0 <\/p>\n

B\u00f6rje Ekholm, President and CEO, said: “Q3 marks a period of laser-focus on execution of our strategic plan. We see increasing customer momentum around programmable networks that deliver differentiated performance, and expect further traction, supported by the JV we have announced with 12 of the world’s largest telecom operators. The JV will aggregate network APIs, accelerating commercialization and generating new opportunities for network monetization.<\/p>\n

We see signs that the overall market is stabilizing with North America<\/span>, as an early adopter market, returning to growth. While the market development is ultimately in the hands of our customers, we are working to deliver operational excellence regardless of market conditions. Our Q3 results demonstrate our progress, with strong gross margin expansion and free cash flow, benefiting from our commercial discipline and operational efficiency actions.\u00a0\u00a0\u00a0<\/p>\n

We expect our Networks sales to stabilize year-on-year during Q4, driven by continued good growth in North America<\/span>. However, we anticipate further near-term sales pressure in Enterprise as we focus on profitable segments. We launched a new private 5G enterprise product portfolio in Q3 to support performance improvement, which remains a key priority.”\u00a0<\/p>\n

\n

SEK b.<\/span><\/p>\n

Q3<\/span><\/p>\n

\u00a0 \u00a0 2024<\/span><\/p>\n

Q3<\/span><\/p>\n

\u00a0 \u00a0 \u00a02023<\/span><\/p>\n

YoY<\/span><\/p>\n

\u00a0Change<\/span><\/p>\n

Q2<\/span><\/p>\n

\u00a0 2024<\/span><\/p>\n

QoQ<\/span><\/p>\n

\u00a0Change<\/span><\/p>\n

Jan-Sep<\/span><\/p>\n

\u00a0 \u00a0 \u00a02024<\/span><\/p>\n

Jan-Sep<\/span><\/p>\n

\u00a02023<\/span><\/p>\n

YoY<\/span><\/p>\n

\u00a0change<\/span><\/p>\n

Net sales<\/span><\/p>\n

61.794<\/span><\/p>\n

64.473<\/span><\/p>\n

-4\u00a0%<\/span><\/p>\n

59.848<\/span><\/p>\n

3\u00a0%<\/span><\/p>\n

174.967<\/span><\/p>\n

191.470<\/span><\/p>\n

-9\u00a0%<\/span><\/p>\n

\u2003Organic sales growth[2]<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

-1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

-7\u00a0%<\/span><\/p>\n

Gross margin[2]\u00a0<\/span><\/p>\n

45.6\u00a0%<\/span><\/p>\n

38.4\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

43.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

43.8\u00a0%<\/span><\/p>\n

38.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

EBIT (loss)\u00a0<\/span><\/p>\n

5.774<\/span><\/p>\n

-28.908<\/span><\/p>\n

–<\/span><\/p>\n

-13.519<\/span><\/p>\n

–<\/span><\/p>\n

-3.645<\/span><\/p>\n

-26.174<\/span><\/p>\n

–<\/span><\/p>\n

EBIT margin[2]\u00a0<\/span><\/p>\n

9.3\u00a0%<\/span><\/p>\n

-44.8\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

-22.6\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

-2.1\u00a0%<\/span><\/p>\n

-13.7\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

EBITA[2]\u00a0<\/span><\/p>\n

6.203<\/span><\/p>\n

3.828<\/span><\/p>\n

62\u00a0%<\/span><\/p>\n

2.426<\/span><\/p>\n

156\u00a0%<\/span><\/p>\n

13.522<\/span><\/p>\n

8.218<\/span><\/p>\n

65\u00a0%<\/span><\/p>\n

EBITA margin[2]\u00a0<\/span><\/p>\n

10.0\u00a0%<\/span><\/p>\n

5.9\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

4.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

7.7\u00a0%<\/span><\/p>\n

4.3\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

Net income (loss)\u00a0<\/span><\/p>\n

3.881<\/span><\/p>\n

-30.491<\/span><\/p>\n

–<\/span><\/p>\n

-10.999<\/span><\/p>\n

–<\/span><\/p>\n

-4.505<\/span><\/p>\n

-29.513<\/span><\/p>\n

–<\/span><\/p>\n

EPS diluted, SEK\u00a0<\/span><\/p>\n

1.14<\/span><\/p>\n

-9.21<\/span><\/p>\n

–<\/span><\/p>\n

-3.34<\/span><\/p>\n

–<\/span><\/p>\n

-1.43<\/span><\/p>\n

-8.96<\/span><\/p>\n

–<\/span><\/p>\n

Free cash flow before M&A[2]\u00a0<\/span><\/p>\n

12.944<\/span><\/p>\n

-0.540<\/span><\/p>\n

–<\/span><\/p>\n

7.595<\/span><\/p>\n

70\u00a0%<\/span><\/p>\n

24.210<\/span><\/p>\n

-13.548<\/span><\/p>\n

–<\/span><\/p>\n

Net cash, end of period[2]\u00a0<\/span><\/p>\n

25.534<\/span><\/p>\n

1.610<\/span><\/p>\n

–<\/span><\/p>\n

13.133<\/span><\/p>\n

94\u00a0%<\/span><\/p>\n

25.534<\/span><\/p>\n

1.610<\/span><\/p>\n

–<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n

Adjusted financial measures[2]<\/span><\/p>\n

Adjusted gross margin\u00a0<\/span><\/p>\n

46.3\u00a0%<\/span><\/p>\n

39.2\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

43.9\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

44.4\u00a0%<\/span><\/p>\n

39.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

Adjusted EBIT (loss)\u00a0<\/span><\/p>\n

7.327<\/span><\/p>\n

-28.020<\/span><\/p>\n

–<\/span><\/p>\n

-11.891<\/span><\/p>\n

–<\/span><\/p>\n

-0.259<\/span><\/p>\n

-21.173<\/span><\/p>\n

–<\/span><\/p>\n

Adjusted EBIT margin\u00a0<\/span><\/p>\n

11.9\u00a0%<\/span><\/p>\n

-43.5\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

-19.9\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

-0.1\u00a0%<\/span><\/p>\n

11.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

Adjusted EBIT excluding impairments[3]\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

7.327<\/span><\/p>\n

\u00a0<\/p>\n

3.896<\/span><\/p>\n

\u00a0<\/p>\n

88\u00a0%<\/span><\/p>\n

\u00a0<\/p>\n

3.229<\/span><\/p>\n

\u00a0<\/p>\n

127\u00a0%<\/span><\/p>\n

\u00a0<\/p>\n

14.861<\/span><\/p>\n

\u00a0<\/p>\n

10.743<\/span><\/p>\n

38\u00a0%<\/span><\/p>\n

Adjusted EBIT margin excluding impairments[3]\u00a0<\/span><\/p>\n

11.9\u00a0%<\/span><\/p>\n

6.0\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

5.4\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

8.5\u00a0%<\/span><\/p>\n

5.6\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

Adjusted EBITA\u00a0<\/span><\/p>\n

7.756<\/span><\/p>\n

4.716<\/span><\/p>\n

64\u00a0%<\/span><\/p>\n

4.05<\/span><\/p>\n

91\u00a0%<\/span><\/p>\n

16.908<\/span><\/p>\n

13.219<\/span><\/p>\n

28\u00a0%<\/span><\/p>\n

Adjusted EBITA margin\u00a0<\/span><\/p>\n

12.6\u00a0%<\/span><\/p>\n

7.3\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

6.8\u00a0%<\/span><\/p>\n

\u00a0<\/p>\n

–<\/span><\/p>\n

9.7\u00a0%<\/span><\/p>\n

6.9\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

<\/p>\n

* Sales adjusted for the impact of acquisitions and divestments and effects of foreign currency fluctuations.\u00a0<\/span><\/p>\n

[1] Adjusted metrics are adjusted to exclude restructuring charges. This is a change in nomenclature only, compared with previous reports.\u00a0\u00a0<\/span><\/p>\n

[2] Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statement.\u00a0\u00a0<\/span><\/p>\n

[3] Excluding the non-cash impairment recorded in the second quarter 2024, relating to the impairment of intangible assets mainly attributed to the Vonage acquisition.\u00a0<\/span><\/p>\n<\/div>\n

\u00a0<\/p>\n

NOTES TO EDITORS\u00a0<\/p>\n

You find the complete report with tables in the attached PDF or on\u202fwww.ericsson.com\/investors<\/a><\/p>\n

Video webcast for analysts, investors and journalists\u00a0<\/p>\n

President and CEO B\u00f6rje Ekholm and CFO Lars Sandstr\u00f6m<\/span> will comment on the report and take questions at a live video webcast at 9:00 AM CEST<\/span> (8:00 AM BST<\/span> London, 3:00 AM EDT<\/span> New York).\u00a0<\/p>\n

Join the webcast<\/a>\u202for please go to\u202fwww.ericsson.com\/investors<\/a><\/p>\n

To ask a question:\u202fAccess dial-in information here<\/a><\/p>\n

The webcast will be available on-demand after the event and can be viewed at www.ericsson.com\/investors<\/a>.\u00a0<\/p>\n

Contact person
Daniel Morris<\/span>, Head of Investor Relations\u00a0
Phone: +44 7386657217\u00a0 \u00a0
E-mail: investor.relations@ericsson.com<\/a>\u00a0\u00a0<\/p>\n

Additional contacts
Stella Medlicott<\/span>, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com<\/a><\/p>\n

Investors
Lena H\u00e4ggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail:\u202f lena.haggblom@ericsson.com<\/a><\/p>\n

Alan Ganson<\/span>, Director, Investor Relations
Phone: +46 70\u202f267 27 30
E-mail: alan.ganson@ericsson.com<\/a><\/p>\n

Media
Ralf Bagner<\/span>, Head of Media Relations
Phone: +46 76\u202f128 47 89
E-mail: ralf.bagner@ericsson.com<\/a><\/p>\n

Media relations \u00a0
Phone: +46 10 719 69 92
E-mail:\u202fmedia.relations@ericsson.com<\/a><\/p>\n

This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST<\/span> on October 15<\/span>, 2024.\u00a0<\/p>\n

This information was brought to you by Cision http:\/\/news.cision.com<\/a><\/p>\n

https:\/\/news.cision.com\/ericsson\/r\/ericsson-reports-third-quarter-results-2024,c4051124<\/a><\/p>\n

The following files are available for download:<\/p>\n

\n

https:\/\/mb.cision.com\/Main\/15448\/4051124\/3053628.pdf<\/a><\/span><\/p>\n

Ericsson reports third quarter results 2024<\/span><\/p>\n

https:\/\/mb.cision.com\/Public\/15448\/4051124\/b627bb7a0ff7cbb1.xlsx<\/a><\/span><\/p>\n

Q3 2024<\/span><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

<\/p>\n

STOCKHOLM<\/span><\/span>, Oct. 15, 2024<\/span><\/span> \/PRNewswire\/ —<\/p>\n

Strategic highlights \u2013 solid progress on both strategic and operational priorities\u00a0<\/p>\n

Increased momentum in programmable networks, mobile network contract wins in multiple markets.\u00a0\u00a0 Global supply of Network APIs secured with\u00a0JV agreed between leading mobile network operators and Ericsson.\u00a0\u00a0 Further 5G patent licensing agreement signed in Q3, IPR revenues expected to reach at least SEK 13 b<\/span>. in 2024.\u00a0\u00a0 <\/p>\n

Financial highlights \u2013 strong growth in North America<\/span> and continued gross margin expansion\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p>\n

Sales declined by -1%*\u00a0YoY, with strong growth in market area North America<\/span> of 55%* offset by declines in most other market areas. Reported sales were SEK 61.8<\/span> (64.5) b<\/span>. \u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Adjusted[1] gross income increased to\u00a0SEK 28.6 (25.3) b<\/span>. driven by a strong expansion in Networks adjusted[1] gross margin to 48.7% (39.9%). Reported gross income was SEK 28.2<\/span> (24.7) b<\/span>.\u00a0\u00a0 Adjusted[1] gross margin was 46.3% (39.2%) mainly due to market mix, commercial discipline, and cost actions. A customer settlement and increased\u00a0IPR revenues also contributed. Reported gross margin was 45.6% (38.4%).\u00a0\u00a0 \u00a0Adjusted[1] EBITA was SEK 7.8<\/span> (4.7) b<\/span>. with a 12.6% (7.3%) margin, benefiting from higher gross income and cost reduction actions, partly offset by targeted investments in R&D. EBITA was SEK 6.2<\/span> (3.8) b<\/span>.\u00a0\u00a0\u00a0 \u00a0Net income was SEK 3.9<\/span> (-30.5) b<\/span>. EPS diluted was SEK 1.14<\/span> (-9.21).\u00a0\u00a0 Free cash flow before M&A was SEK 12.9<\/span> (-0.5) b<\/span>. benefiting from strong inventory management and market mix.\u00a0\u00a0 <\/p>\n

B\u00f6rje Ekholm, President and CEO, said: “Q3 marks a period of laser-focus on execution of our strategic plan. We see increasing customer momentum around programmable networks that deliver differentiated performance, and expect further traction, supported by the JV we have announced with 12 of the world’s largest telecom operators. The JV will aggregate network APIs, accelerating commercialization and generating new opportunities for network monetization.<\/p>\n

We see signs that the overall market is stabilizing with North America<\/span>, as an early adopter market, returning to growth. While the market development is ultimately in the hands of our customers, we are working to deliver operational excellence regardless of market conditions. Our Q3 results demonstrate our progress, with strong gross margin expansion and free cash flow, benefiting from our commercial discipline and operational efficiency actions.\u00a0\u00a0\u00a0<\/p>\n

We expect our Networks sales to stabilize year-on-year during Q4, driven by continued good growth in North America<\/span>. However, we anticipate further near-term sales pressure in Enterprise as we focus on profitable segments. We launched a new private 5G enterprise product portfolio in Q3 to support performance improvement, which remains a key priority.”\u00a0<\/p>\n

\n

SEK b.<\/span><\/p>\n

Q3<\/span><\/p>\n

\u00a0 \u00a0 2024<\/span><\/p>\n

Q3<\/span><\/p>\n

\u00a0 \u00a0 \u00a02023<\/span><\/p>\n

YoY<\/span><\/p>\n

\u00a0Change<\/span><\/p>\n

Q2<\/span><\/p>\n

\u00a0 2024<\/span><\/p>\n

QoQ<\/span><\/p>\n

\u00a0Change<\/span><\/p>\n

Jan-Sep<\/span><\/p>\n

\u00a0 \u00a0 \u00a02024<\/span><\/p>\n

Jan-Sep<\/span><\/p>\n

\u00a02023<\/span><\/p>\n

YoY<\/span><\/p>\n

\u00a0change<\/span><\/p>\n

Net sales<\/span><\/p>\n

61.794<\/span><\/p>\n

64.473<\/span><\/p>\n

-4\u00a0%<\/span><\/p>\n

59.848<\/span><\/p>\n

3\u00a0%<\/span><\/p>\n

174.967<\/span><\/p>\n

191.470<\/span><\/p>\n

-9\u00a0%<\/span><\/p>\n

\u2003Organic sales growth[2]<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

-1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

-7\u00a0%<\/span><\/p>\n

Gross margin[2]\u00a0<\/span><\/p>\n

45.6\u00a0%<\/span><\/p>\n

38.4\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

43.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

43.8\u00a0%<\/span><\/p>\n

38.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

EBIT (loss)\u00a0<\/span><\/p>\n

5.774<\/span><\/p>\n

-28.908<\/span><\/p>\n

–<\/span><\/p>\n

-13.519<\/span><\/p>\n

–<\/span><\/p>\n

-3.645<\/span><\/p>\n

-26.174<\/span><\/p>\n

–<\/span><\/p>\n

EBIT margin[2]\u00a0<\/span><\/p>\n

9.3\u00a0%<\/span><\/p>\n

-44.8\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

-22.6\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

-2.1\u00a0%<\/span><\/p>\n

-13.7\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

EBITA[2]\u00a0<\/span><\/p>\n

6.203<\/span><\/p>\n

3.828<\/span><\/p>\n

62\u00a0%<\/span><\/p>\n

2.426<\/span><\/p>\n

156\u00a0%<\/span><\/p>\n

13.522<\/span><\/p>\n

8.218<\/span><\/p>\n

65\u00a0%<\/span><\/p>\n

EBITA margin[2]\u00a0<\/span><\/p>\n

10.0\u00a0%<\/span><\/p>\n

5.9\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

4.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

7.7\u00a0%<\/span><\/p>\n

4.3\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

Net income (loss)\u00a0<\/span><\/p>\n

3.881<\/span><\/p>\n

-30.491<\/span><\/p>\n

–<\/span><\/p>\n

-10.999<\/span><\/p>\n

–<\/span><\/p>\n

-4.505<\/span><\/p>\n

-29.513<\/span><\/p>\n

–<\/span><\/p>\n

EPS diluted, SEK\u00a0<\/span><\/p>\n

1.14<\/span><\/p>\n

-9.21<\/span><\/p>\n

–<\/span><\/p>\n

-3.34<\/span><\/p>\n

–<\/span><\/p>\n

-1.43<\/span><\/p>\n

-8.96<\/span><\/p>\n

–<\/span><\/p>\n

Free cash flow before M&A[2]\u00a0<\/span><\/p>\n

12.944<\/span><\/p>\n

-0.540<\/span><\/p>\n

–<\/span><\/p>\n

7.595<\/span><\/p>\n

70\u00a0%<\/span><\/p>\n

24.210<\/span><\/p>\n

-13.548<\/span><\/p>\n

–<\/span><\/p>\n

Net cash, end of period[2]\u00a0<\/span><\/p>\n

25.534<\/span><\/p>\n

1.610<\/span><\/p>\n

–<\/span><\/p>\n

13.133<\/span><\/p>\n

94\u00a0%<\/span><\/p>\n

25.534<\/span><\/p>\n

1.610<\/span><\/p>\n

–<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n

Adjusted financial measures[2]<\/span><\/p>\n

Adjusted gross margin\u00a0<\/span><\/p>\n

46.3\u00a0%<\/span><\/p>\n

39.2\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

43.9\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

44.4\u00a0%<\/span><\/p>\n

39.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

Adjusted EBIT (loss)\u00a0<\/span><\/p>\n

7.327<\/span><\/p>\n

-28.020<\/span><\/p>\n

–<\/span><\/p>\n

-11.891<\/span><\/p>\n

–<\/span><\/p>\n

-0.259<\/span><\/p>\n

-21.173<\/span><\/p>\n

–<\/span><\/p>\n

Adjusted EBIT margin\u00a0<\/span><\/p>\n

11.9\u00a0%<\/span><\/p>\n

-43.5\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

-19.9\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

-0.1\u00a0%<\/span><\/p>\n

11.1\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

Adjusted EBIT excluding impairments[3]\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

7.327<\/span><\/p>\n

\u00a0<\/p>\n

3.896<\/span><\/p>\n

\u00a0<\/p>\n

88\u00a0%<\/span><\/p>\n

\u00a0<\/p>\n

3.229<\/span><\/p>\n

\u00a0<\/p>\n

127\u00a0%<\/span><\/p>\n

\u00a0<\/p>\n

14.861<\/span><\/p>\n

\u00a0<\/p>\n

10.743<\/span><\/p>\n

38\u00a0%<\/span><\/p>\n

Adjusted EBIT margin excluding impairments[3]\u00a0<\/span><\/p>\n

11.9\u00a0%<\/span><\/p>\n

6.0\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

5.4\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

8.5\u00a0%<\/span><\/p>\n

5.6\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

Adjusted EBITA\u00a0<\/span><\/p>\n

7.756<\/span><\/p>\n

4.716<\/span><\/p>\n

64\u00a0%<\/span><\/p>\n

4.05<\/span><\/p>\n

91\u00a0%<\/span><\/p>\n

16.908<\/span><\/p>\n

13.219<\/span><\/p>\n

28\u00a0%<\/span><\/p>\n

Adjusted EBITA margin\u00a0<\/span><\/p>\n

12.6\u00a0%<\/span><\/p>\n

7.3\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

6.8\u00a0%<\/span><\/p>\n

\u00a0<\/p>\n

–<\/span><\/p>\n

9.7\u00a0%<\/span><\/p>\n

6.9\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n<\/p>\n

* Sales adjusted for the impact of acquisitions and divestments and effects of foreign currency fluctuations.\u00a0<\/span><\/p>\n

[1] Adjusted metrics are adjusted to exclude restructuring charges. This is a change in nomenclature only, compared with previous reports.\u00a0\u00a0<\/span><\/p>\n

[2] Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statement.\u00a0\u00a0<\/span><\/p>\n

[3] Excluding the non-cash impairment recorded in the second quarter 2024, relating to the impairment of intangible assets mainly attributed to the Vonage acquisition.\u00a0<\/span><\/p>\n<\/div>\n

\u00a0<\/p>\n

NOTES TO EDITORS\u00a0<\/p>\n

You find the complete report with tables in the attached PDF or on\u202fwww.ericsson.com\/investors<\/a><\/p>\n

Video webcast for analysts, investors and journalists\u00a0<\/p>\n

President and CEO B\u00f6rje Ekholm and CFO Lars Sandstr\u00f6m<\/span> will comment on the report and take questions at a live video webcast at 9:00 AM CEST<\/span> (8:00 AM BST<\/span> London, 3:00 AM EDT<\/span> New York).\u00a0<\/p>\n

Join the webcast<\/a>\u202for please go to\u202fwww.ericsson.com\/investors<\/a><\/p>\n

To ask a question:\u202fAccess dial-in information here<\/a><\/p>\n

The webcast will be available on-demand after the event and can be viewed at www.ericsson.com\/investors<\/a>.\u00a0<\/p>\n

Contact person
Daniel Morris<\/span>, Head of Investor Relations\u00a0
Phone: +44 7386657217\u00a0 \u00a0
E-mail: investor.relations@ericsson.com<\/a>\u00a0\u00a0<\/p>\n

Additional contacts
Stella Medlicott<\/span>, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com<\/a><\/p>\n

Investors
Lena H\u00e4ggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail:\u202f lena.haggblom@ericsson.com<\/a><\/p>\n

Alan Ganson<\/span>, Director, Investor Relations
Phone: +46 70\u202f267 27 30
E-mail: alan.ganson@ericsson.com<\/a><\/p>\n

Media
Ralf Bagner<\/span>, Head of Media Relations
Phone: +46 76\u202f128 47 89
E-mail: ralf.bagner@ericsson.com<\/a><\/p>\n

Media relations \u00a0
Phone: +46 10 719 69 92
E-mail:\u202fmedia.relations@ericsson.com<\/a><\/p>\n

This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST<\/span> on October 15<\/span>, 2024.\u00a0<\/p>\n

This information was brought to you by Cision http:\/\/news.cision.com<\/a><\/p>\n

https:\/\/news.cision.com\/ericsson\/r\/ericsson-reports-third-quarter-results-2024,c4051124<\/a><\/p>\n

The following files are available for download:<\/p>\n

\n

https:\/\/mb.cision.com\/Main\/15448\/4051124\/3053628.pdf<\/a><\/span><\/p>\n

Ericsson reports third quarter results 2024<\/span><\/p>\n

https:\/\/mb.cision.com\/Public\/15448\/4051124\/b627bb7a0ff7cbb1.xlsx<\/a><\/span><\/p>\n

Q3 2024<\/span><\/p>\n<\/div>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-10493","post","type-post","status-publish","format-standard","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/10493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10493"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/10493\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}