The price decline then follow the quarterly report proved to be significantly worse than expected.
The weak results is not least due to the profitability of Ericsson’s single largest business Networks has declined.
Ericsson pulls at the same time benefit from a stronger dollar. Excluding the impact of the US currency decreases Ericsson’s sales in the first quarter.
Although heavyweight Ericsson falls keeps the Stockholm Stock Exchange as a whole floating around zero, partly boosted by the report in question SEB positive surprise. Bank shares rise around 3 percent since the results for the past quarter has been significantly better than expected.
Also another heavyweights, in a double sense, AB Volvo continues to rise in the stock market after yesterday’s lift in the wheel tracks of the change of CEO.
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