Ericsson made a stronger second quarter than analysts had expected. The company’s sales rose 11 percent compared with the same quarter last year.
– If you look at the quarter it was a step forward on a number of points, says company CEO Hans Vestberg on the report presented today.
The company reported an operating profit after financial items and restructuring costs of approximately SEK 3 billion.
Sales totaled , barely 61 billion and operating profit landed at SEK 6.3 billion.
– For restructurings and had a positive cash flow of 3.1 billion. It was the positive steps we wanted to see. We had a little tougher first quarter, and one has to look at these in the longer term. We are transforming our company and we look breakthrough during this second quarter.
The increase of eleven percent in the second quarter is more or less a currency effect. If one corrects for it is rather a decrease. Is it a worrying trend?
– If you compare last year with this year is the currency a driving factor in sales because a large portion of our sales are denominated in dollars. Then it’s a favorable situation is the dollar and Swedish crown are they doing right now. But if you look at the first quarter, there is no difference in exchange rates and where we still feel that we have good growth from the first quarter into the second quarter, says Hans Vestberg.
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