was released today telecombolaget Ericcsons report of the third quarter.
Already in the last week, the company Ericsson that it will be bleak.
Something that is totally in line with analysts ‘ already low expectations.
Already in the last week, Ericsson out and vinstvarnade that Friday’s report will lead to a significantly weakened the result compared to earlier expectations.
the Warning was that the operating profit for the third quarter will fall from sek 5.1 billion to sek 0.3 billion, which also was the result.
the Sale was thus 51,1 billion for the third quarter and the gross margin amounted to 28.3%.
Profits dropped
– The negative trends in the industry from the first half of 2016 has deepened further, which impacted sales in the third quarter, especially in respect of mobile broadband, writes the ceo and tillförordade ceo Jan Frykhammar in a press release.
the Corresponding figure for operating income for the same period last year was approximately sek 5 billion, which means that the net profit of the Ericsson share dropped significantly.
“Gross margin decreased, compared with the same quarter of the previous year, due to lower sales of mobile broadband capacity, a higher proportion of sales of services and lower sales in segment Networks,” says Frykhammar.
the Reason for the low result is, according to Jan Frykhammar to the development of the market has been even weaker than previously flagged, and as a result, the result has been significantly lower than expected.
the problem areas are, above all, Brazil, Russia and parts of the Middle east.
Börslakt is expected in the morning
Ahead of the report, analysts have flagged for börsslakt is to wait when the Stockholmbörsen, it opens at 9 o’clock on the morning of Friday Russian SvD.
In connection with the company went out and vinstvarande last week plummeted Ericsson on the stockholm stock exchange and landed on the 20.2 per cent at the closing – the lowest level since the financial crisis.
Overall, Ericsson is reducing its variable costs from 63 billion to 53 billion between the years 2014 and 2017.
therefore, the Company has flagged that it will make major cuts and reduce the number of employees by 3,000 people.
the Savings in Sweden is expected to be completed during the first quarter of 2017.
Ericsson is also without a permanent ceo since Hans Vestberg was fired in the summer.
Text updated.
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