{"id":5883,"date":"2024-07-12T16:52:01","date_gmt":"2024-07-12T09:52:01","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=5883"},"modified":"2024-07-12T16:52:01","modified_gmt":"2024-07-12T09:52:01","slug":"ericsson-reports-second-quarter-results-2024","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=5883","title":{"rendered":"Ericsson reports second quarter results 2024"},"content":{"rendered":"

STOCKHOLM<\/span>, July 12, 2024<\/span> \/PRNewswire\/ —<\/p>\n

Strategic highlights \u2013 taking proactive action in a challenging market environment\u00a0<\/p>\n

Delivering on network technology leadership strategy; externally recognized as 5G leader for 4th consecutive year.\u00a0\u00a0 Further progress to build out Global Network Platform for network APIs; two additional partnerships in Q2.\u00a0\u00a0 New 5G patent licensing agreement signed; on track to deliver the SEK 12<\/span>–13 b<\/span>. IPR revenue target for 2024.\u00a0 <\/p>\n

Financial highlights \u2013 strong gross margin expansion, partly offset by targeted R&D investments\u00a0\u00a0\u00a0<\/p>\n

Sales declined -7%* YoY, but market area North America<\/span> grew by 14%*. Reported sales were SEK 59.8<\/span> (64.4) b<\/span>.\u00a0\u00a0 Adjusted[1] gross income increased to SEK 26.3<\/span> (24.7) b<\/span>. driven by strong gross margin expansion. Reported gross income was SEK 25.8<\/span> (24.1) b<\/span>.\u00a0\u00a0 Adjusted[1] gross margin was 43.9% (38.3%) supported by higher IPR licensing revenue and cost actions. Networks adjusted gross margin was 46.1% (39.3%). Reported gross margin was 43.1% (37.4%).\u00a0\u00a0 Adjusted[1] EBITA was SEK 4.1<\/span> (3.7) b<\/span>. with a 6.8% (5.7%) margin, with higher gross income partly offset by increased R&D investments in Networks for technology leadership. EBITA was SEK 2.4<\/span> (0.5) b<\/span>.\u00a0\u00a0\u00a0 Net income (loss) was SEK -11.0<\/span> (-0.6) b<\/span>., including a SEK -11.4 b<\/span>. impairment impact. EPS diluted was SEK -3.34<\/span> (-0.21).\u00a0\u00a0 Free cash flow before M&A was SEK 7.6<\/span> (-5.0) b<\/span>. benefiting from a strong improvement in working capital.\u00a0 <\/p>\n

B\u00f6rje Ekholm, President and CEO, said: “In Q2, we maintained our leading market position, returned to growth in North America<\/span>, and delivered strong gross margin expansion and free cash flow. We remained focused on matters in our control, to optimize our business amid a challenging market environment, with industry investment levels unsustainably low.\u00a0\u00a0<\/p>\n

Vonage remains foundational to build out a global platform for network APIs. This is critical for the digitalization of enterprises and society, and will drive future growth in the telecoms industry. We recorded an impairment charge in Q2, as market growth in the current business has slowed, and we must now refocus on improving performance.\u00a0\u00a0<\/p>\n

Our results highlight our competitiveness, and we will continue to take proactive steps to position the business for longer-term success. We expect market conditions to remain challenging this year, as the pace of India<\/span> investments slow, however our sales will benefit during the second half from contract deliveries in North America<\/span>.”\u00a0<\/p>\n

\n

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

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

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

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

2023<\/span><\/p>\n

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

change<\/span><\/p>\n

Q1<\/span><\/p>\n

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

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

change<\/span><\/p>\n

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

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

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

2023<\/span><\/p>\n

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

change<\/span><\/p>\n

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

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

64.444<\/span><\/p>\n

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

53.325<\/span><\/p>\n

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

113.173<\/span><\/p>\n

126.997<\/span><\/p>\n

-11\u00a0%<\/span><\/p>\n

\u2003Organic sales growth[2]\u00a0<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

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

–<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

-10\u00a0%<\/span><\/p>\n

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/p>\n

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

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

-0.312<\/span><\/p>\n

–<\/span><\/p>\n

4.100<\/span><\/p>\n

–<\/span><\/p>\n

-9.419<\/span><\/p>\n

2.734<\/span><\/p>\n

–<\/span><\/p>\n

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

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

-0.5\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

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

–<\/span><\/p>\n

-8.3\u00a0%<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

0.542<\/span><\/p>\n

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

4.893<\/span><\/p>\n

-50\u00a0%<\/span><\/p>\n

7.319<\/span><\/p>\n

4.390<\/span><\/p>\n

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

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/p>\n

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

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

-0.597<\/span><\/p>\n

–<\/span><\/p>\n

2.613<\/span><\/p>\n

–<\/span><\/p>\n

-8.386<\/span><\/p>\n

0.978<\/span><\/p>\n

–<\/span><\/p>\n

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

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

-0.21<\/span><\/p>\n

–<\/span><\/p>\n

0.77<\/span><\/p>\n

–<\/span><\/p>\n

-2.57<\/span><\/p>\n

0.25<\/span><\/p>\n

–<\/span><\/p>\n

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

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

-4.992<\/span><\/p>\n

–<\/span><\/p>\n

3.671<\/span><\/p>\n

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

11.266<\/span><\/p>\n

-13.008<\/span><\/p>\n

–<\/span><\/p>\n

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

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

1.892<\/span><\/p>\n

–<\/span><\/p>\n

10.807<\/span><\/p>\n

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

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

1.892<\/span><\/p>\n

–<\/span><\/p>\n


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

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/p>\n

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

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

2.821<\/span><\/p>\n

–<\/span><\/p>\n

4.305<\/span><\/p>\n

–<\/span><\/p>\n

-7.586<\/span><\/p>\n

6.847<\/span><\/p>\n

–<\/span><\/p>\n

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

-6.7\u00a0%<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

2.821<\/span><\/p>\n

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

4.305<\/span><\/p>\n

-25\u00a0%<\/span><\/p>\n

7.534<\/span><\/p>\n

6.847<\/span><\/p>\n

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

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/p>\n

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

4.054<\/span><\/p>\n

3.675<\/span><\/p>\n

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

5.10<\/span><\/p>\n

-20\u00a0%<\/span><\/p>\n

9.152<\/span><\/p>\n

8.503<\/span><\/p>\n

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

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/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.<\/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.<\/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\u202fhttps:\/\/www.ericsson.com\/en\/investors\/financial-reports\/interim-reports<\/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 video webcast at 10:00 AM CEST<\/span> (9:00 AM BST<\/span> London, 4:00 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\u00a0www.ericsson.com\/investors<\/a>.\u00a0<\/p>\n

FOR FURTHER INFORMATION, PLEASE CONTACT\u00a0<\/p>\n

Contact person\u00a0
Daniel Morris<\/span>, Head of Investor Relations
Phone: +44 7386657217\u00a0
E-mail:\u00a0investor.relations@ericsson.com<\/a><\/p>\n

Additional contacts\u00a0<\/p>\n

Stella Medlicott<\/span>, Senior Vice President, Marketing and Corporate Relations\u00a0
Phone: +46 730 95 65 39
E-mail:\u00a0media.relations@ericsson.com<\/a><\/p>\n

Investors
Lena H\u00e4ggblom, Director, Investor Relations\u00a0
Phone: +46 72 593 27 78
E-mail:\u202f\u00a0lena.haggblom@ericsson.com<\/a>
Alan Ganson<\/span>, Director, Investor Relations
Phone: +46 70\u202f267 27 30
E-mail:\u00a0alan.ganson@ericsson.com<\/a><\/p>\n

Media
Ralf Bagner<\/span>, Head of Media Relations
Phone: +46 76\u202f128 47 89
E-mail:\u00a0ralf.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 and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST<\/span> on July 12<\/span>, 2024.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

STOCKHOLM<\/span>, July 12, 2024<\/span> \/PRNewswire\/ —<\/p>\n

Strategic highlights \u2013 taking proactive action in a challenging market environment\u00a0<\/p>\n

Delivering on network technology leadership strategy; externally recognized as 5G leader for 4th consecutive year.\u00a0\u00a0 Further progress to build out Global Network Platform for network APIs; two additional partnerships in Q2.\u00a0\u00a0 New 5G patent licensing agreement signed; on track to deliver the SEK 12<\/span>–13 b<\/span>. IPR revenue target for 2024.\u00a0 <\/p>\n

Financial highlights \u2013 strong gross margin expansion, partly offset by targeted R&D investments\u00a0\u00a0\u00a0<\/p>\n

Sales declined -7%* YoY, but market area North America<\/span> grew by 14%*. Reported sales were SEK 59.8<\/span> (64.4) b<\/span>.\u00a0\u00a0 Adjusted[1] gross income increased to SEK 26.3<\/span> (24.7) b<\/span>. driven by strong gross margin expansion. Reported gross income was SEK 25.8<\/span> (24.1) b<\/span>.\u00a0\u00a0 Adjusted[1] gross margin was 43.9% (38.3%) supported by higher IPR licensing revenue and cost actions. Networks adjusted gross margin was 46.1% (39.3%). Reported gross margin was 43.1% (37.4%).\u00a0\u00a0 Adjusted[1] EBITA was SEK 4.1<\/span> (3.7) b<\/span>. with a 6.8% (5.7%) margin, with higher gross income partly offset by increased R&D investments in Networks for technology leadership. EBITA was SEK 2.4<\/span> (0.5) b<\/span>.\u00a0\u00a0\u00a0 Net income (loss) was SEK -11.0<\/span> (-0.6) b<\/span>., including a SEK -11.4 b<\/span>. impairment impact. EPS diluted was SEK -3.34<\/span> (-0.21).\u00a0\u00a0 Free cash flow before M&A was SEK 7.6<\/span> (-5.0) b<\/span>. benefiting from a strong improvement in working capital.\u00a0 <\/p>\n

B\u00f6rje Ekholm, President and CEO, said: “In Q2, we maintained our leading market position, returned to growth in North America<\/span>, and delivered strong gross margin expansion and free cash flow. We remained focused on matters in our control, to optimize our business amid a challenging market environment, with industry investment levels unsustainably low.\u00a0\u00a0<\/p>\n

Vonage remains foundational to build out a global platform for network APIs. This is critical for the digitalization of enterprises and society, and will drive future growth in the telecoms industry. We recorded an impairment charge in Q2, as market growth in the current business has slowed, and we must now refocus on improving performance.\u00a0\u00a0<\/p>\n

Our results highlight our competitiveness, and we will continue to take proactive steps to position the business for longer-term success. We expect market conditions to remain challenging this year, as the pace of India<\/span> investments slow, however our sales will benefit during the second half from contract deliveries in North America<\/span>.”\u00a0<\/p>\n

\n

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

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

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

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

2023<\/span><\/p>\n

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

change<\/span><\/p>\n

Q1<\/span><\/p>\n

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

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

change<\/span><\/p>\n

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

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

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

2023<\/span><\/p>\n

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

change<\/span><\/p>\n

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

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

64.444<\/span><\/p>\n

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

53.325<\/span><\/p>\n

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

113.173<\/span><\/p>\n

126.997<\/span><\/p>\n

-11\u00a0%<\/span><\/p>\n

\u2003Organic sales growth[2]\u00a0<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

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

–<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

–<\/span><\/p>\n

-10\u00a0%<\/span><\/p>\n

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/p>\n

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

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

-0.312<\/span><\/p>\n

–<\/span><\/p>\n

4.100<\/span><\/p>\n

–<\/span><\/p>\n

-9.419<\/span><\/p>\n

2.734<\/span><\/p>\n

–<\/span><\/p>\n

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

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

-0.5\u00a0%<\/span><\/p>\n

–<\/span><\/p>\n

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

–<\/span><\/p>\n

-8.3\u00a0%<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

0.542<\/span><\/p>\n

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

4.893<\/span><\/p>\n

-50\u00a0%<\/span><\/p>\n

7.319<\/span><\/p>\n

4.390<\/span><\/p>\n

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

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/p>\n

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

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

-0.597<\/span><\/p>\n

–<\/span><\/p>\n

2.613<\/span><\/p>\n

–<\/span><\/p>\n

-8.386<\/span><\/p>\n

0.978<\/span><\/p>\n

–<\/span><\/p>\n

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

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

-0.21<\/span><\/p>\n

–<\/span><\/p>\n

0.77<\/span><\/p>\n

–<\/span><\/p>\n

-2.57<\/span><\/p>\n

0.25<\/span><\/p>\n

–<\/span><\/p>\n

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

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

-4.992<\/span><\/p>\n

–<\/span><\/p>\n

3.671<\/span><\/p>\n

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

11.266<\/span><\/p>\n

-13.008<\/span><\/p>\n

–<\/span><\/p>\n

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

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

1.892<\/span><\/p>\n

–<\/span><\/p>\n

10.807<\/span><\/p>\n

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

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

1.892<\/span><\/p>\n

–<\/span><\/p>\n


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

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/p>\n

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

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

2.821<\/span><\/p>\n

–<\/span><\/p>\n

4.305<\/span><\/p>\n

–<\/span><\/p>\n

-7.586<\/span><\/p>\n

6.847<\/span><\/p>\n

–<\/span><\/p>\n

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

-6.7\u00a0%<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

2.821<\/span><\/p>\n

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

4.305<\/span><\/p>\n

-25\u00a0%<\/span><\/p>\n

7.534<\/span><\/p>\n

6.847<\/span><\/p>\n

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

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/p>\n

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

4.054<\/span><\/p>\n

3.675<\/span><\/p>\n

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

5.10<\/span><\/p>\n

-20\u00a0%<\/span><\/p>\n

9.152<\/span><\/p>\n

8.503<\/span><\/p>\n

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

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

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

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

–<\/span><\/p>\n

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

–<\/span><\/p>\n

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

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

–<\/span><\/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.<\/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.<\/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\u202fhttps:\/\/www.ericsson.com\/en\/investors\/financial-reports\/interim-reports<\/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 video webcast at 10:00 AM CEST<\/span> (9:00 AM BST<\/span> London, 4:00 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\u00a0www.ericsson.com\/investors<\/a>.\u00a0<\/p>\n

FOR FURTHER INFORMATION, PLEASE CONTACT\u00a0<\/p>\n

Contact person\u00a0
Daniel Morris<\/span>, Head of Investor Relations
Phone: +44 7386657217\u00a0
E-mail:\u00a0investor.relations@ericsson.com<\/a><\/p>\n

Additional contacts\u00a0<\/p>\n

Stella Medlicott<\/span>, Senior Vice President, Marketing and Corporate Relations\u00a0
Phone: +46 730 95 65 39
E-mail:\u00a0media.relations@ericsson.com<\/a><\/p>\n

Investors
Lena H\u00e4ggblom, Director, Investor Relations\u00a0
Phone: +46 72 593 27 78
E-mail:\u202f\u00a0lena.haggblom@ericsson.com<\/a>
Alan Ganson<\/span>, Director, Investor Relations
Phone: +46 70\u202f267 27 30
E-mail:\u00a0alan.ganson@ericsson.com<\/a><\/p>\n

Media
Ralf Bagner<\/span>, Head of Media Relations
Phone: +46 76\u202f128 47 89
E-mail:\u00a0ralf.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 and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST<\/span> on July 12<\/span>, 2024.\u00a0<\/p>\n

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