Ericsson recently went out with a profit warning and flagged for that today’s report will contain a greatly attenuated the results compared with previous expectations, people talked about an operating profit of sek 0.3 billion for the third quarter. Today presents the company, a result fully in line with the low expectations. 0.3 billion is a steep fall from the 5.1 billion. The news was received not well by the market – in börsöppningen fell Ericsson nearly 4 percent.
” Right now, it must be clear that we have some challenging quarters ahead of us. It can be two-three paragraphs, and such. What is important for us is that we work with things we can influence and control itself such as the cost. The other very important thing that we do is that we are launching a new radioplattform which will be the product family that carry us in the next 4-5 years, ” says Ericsson’s ceo Jan Frykhammar to the TT.
Ericsson, acting ceo Jan Frykhammar at the press conference when he announced that up to 3 000 persons in Sweden may lose their jobs. Photo: Maja Suslin/TT
the Sale was about 51.1 billion for the period. The sale was thereby reduced by 14 per cent compared with the same period in 2015. Also ahead is predicted to have a negative trend when it comes to sales. "The current trends within the industry suggests a slightly weaker seasonal sales growth than normal between the third and fourth quarter, writes Ericsson, acting ceo Jan Frykhammar in the report.
the Declarations here include a weak demand in several markets such as Latin america, the Middle east and sub-Saharan Africa: "The negative trends in the industry from the first half of 2016 has deepened further. The main reason is the weaker demand for mobile broadband, especially in markets with weak macroeconomic situation," writes Ericsson.
If you look at Ericsson’s income after tax as lands result with the minus. The after-tax lands, the result of minus sek 0.2 billion.
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