Latest news with #BörjeEkholm
Time of India
15-07-2025
- Business
- Time of India
Ericsson's sales in South East Asia, Oceania & India slump by 28% on-year in Q2FY25
NEW DELHI: Swedish telecom gear maker Ericsson on Tuesday reported a 28% year-on-year decline in its sales in the market area South East Asia, Oceania and India at 5.5 billion crowns (~₹4,917 crore) in Q2FY25, mainly dragged by a pause in fifth-generation (5G) network investments by Indian telecom carriers. On a sequential basis, sales in the specific market area slumped by 24% year-on-year. Ericsson had reported sales of 7.7 billion crowns (~₹6,883.8 crore) in the corresponding quarter a year ago in South East Asia, Oceania, and India. 'Sales in India were weak, as operators held back on new network investments,' Ericsson said in its earnings statement. India, however, is second among the top five countries by sales at 6% in the January to June period of 2025, an Ericsson spokesperson told ETTelecom . Sales in the Mobile Networks business declined significantly in South East Asia, Oceania, and India, primarily as a result of 'reduced customer investments in networks in India', the vendor said. As per the statement, Ericsson won a multi-year Network Operations Center Managed Services contract with India's Bharti Airtel . Sales in the Americas market area remained unchanged at 19.8 billion crowns on a reported basis. Markets, including Europe, Middle East and Africa, North East Asia, and others, also fell on a reported basis compared to same quarter in the previous year. 'Our Q2 results demonstrate solid execution of our strategic and operational priorities. We achieved a three-year high in adjusted EBITA margin, supported by continued efficiency actions. We have structurally lowered our cost base and are strongly focused on delivering further efficiencies,' said Börje Ekholm, president and CEO, Ericsson. 'It is encouraging that Americas' growth continues, and that Europe has stabilised,' he added. 'Looking ahead, we are increasing AI investments, including in our Sweden AI factory consortium. AI is key to accelerating innovation, as well as driving internal operational efficiencies. The ecosystem for network APIs continues to grow, and Aduna expanded its Network API reach to all three major service providers in Japan,' Ekholm said. Nokia is scheduled to report its fiscal second quarter results on July 24. In India, Ericsson, along with its Finnish rival Nokia and South Korean Samsung, has commercial 5G deals with top telecom carriers Reliance Jio , Airtel, and Vodafone Idea (Vi). While Vi switched on its commercial 5G services in March, and is currently focused on expansion in 17 priority circles by August, its peers Jio and Airtel already have a nationwide 5G networks and provide 5G FWA to customers. As per Ericsson, the global fixed wireless access (FWA) customers have surpassed 160 million, and are driving significant network traffic. It, however, cautioned that the penetration of 5G standalone (SA) remains limited but is needed to support use cases such as artificial intelligence (AI) at the edge. Earlier, Ericsson and Nokia saw a surge in India sales from the fourth quarter of 2022 and first quarter of 2023, respectively, shortly after Airtel and Jio began rolling out 5G networks nationally from October 2022. However, both telcos have concluded their 5G network deployments in the first half of 2024 and are now focused on boosting revenues and driving monetisation of their 5G businesses.
Yahoo
01-07-2025
- Business
- Yahoo
Invitation to media and analyst briefing for Ericsson Q2 2025 report
Report to be released at approximately 7:00 AM CEST on July 15, 2025 One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, July 1, 2025 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter 2025 will be published at approximately 7:00 AM CEST on July 15, 2025. The company will issue a press release with the complete financial report attached, including tables, in PDF format. Following publication of the press release, the financial report will be available on Ericsson's website: President and CEO Börje Ekholm and CFO Lars Sandström will comment on the report and take questions at a live video webcast at 9:00 AM CEST (8:00 AM BST London, 3:00 AM EDT New York). Join the webcast or please go to To ask a question: Access dial-in information here The webcast will be available on-demand after the event and can be viewed on our website. NOTES TO EDITORS: FOLLOW US: Subscribe to Ericsson press releasesSubscribe to Ericsson blog postshttps:// MORE INFORMATION AT:Ericsson (+46 10 719 69 92) (+46 10 719 00 00) ABOUT ERICSSON:Ericsson's high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. This information was brought to you by Cision The following files are available for download: Invitation to media and analyst briefing for Ericsson Q2 2025 report View original content: SOURCE Ericsson Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Ericsson commits to Japan R&D investment
Up to 300 R&D jobs could initially be created in Japan, highlighting the country's strategic importance to Ericsson Investment to support Japan's connectivity ecosystem of partners, suppliers and customers globally R&D innovation to help accelerate the build-out of national digital infrastructure, through deployment of open high-performing programmable networks STOCKHOLM, May 15, 2025 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) plans to ramp up its commitment to Japan's connectivity ecosystem through R&D investment that will initially see up to 300 high-skilled next-generation telecoms jobs created in the country. This will also enable Japan's ecosystem to become an integral part of Ericsson's global ecosystem. Today's announcement of intention coincides with a country visit by Ericsson President and CEO, Börje Ekholm. "Japan is known around the world for embracing emerging technology and being frontrunner adopters of new generations of connectivity," he says. "We are on the cusp of the biggest transformative and innovative changes in the history of technology and connectivity is the key to making them happen through open high-performing programmable networks. Ericsson's intention is to invest in that pioneering Japanese legacy through advanced RAN R&D in 5G, and beyond, to benefit the entire telecoms ecosystem of partners, suppliers and customers in Japan." While the process is in its initial stages, Ekholm said the commitment is actively being progressed. "Our intent to expand R&D in Japan emphasizes how strategically important the market is to Ericsson," he adds. "In addition to complementing ongoing Ericsson 6G-focused partnerships in Japan, it also highlights our commitment to work with all local stakeholders to deliver the benefits of open high-performing programmable networks." The speed, low-latency, large data capacity and intelligent capabilities of high performing, programmable networks are key to making innovative new technology business use cases - including AI - a reality. The RAN-focused investment will benefit from closer collaboration with ecosystem suppliers and partners in Japan. The new Japan R&D capabilities will also give local partners the opportunity to play a role in strengthening Ericsson's global ecosystem. Per Narvinger, Executive Vice President and Head of Ericsson Networks, says the investment will enable Ericsson to better meet Japan's digital infrastructure needs as the country invests in high-performing programmable 5G networks. "Ericsson has a long and proud history in Japan," he says. "We have been operating in the country for more than 40 years and recognize the economic and technological importance of the Japanese market. Japan has a rich technology ecosystem and a strong talent pool, which is conducive to building a strong R&D presence in the country." He adds: "The race for digitalization is a global competition and high-performing programmable 5G networks will be instrumental for Japan. At Ericsson, we're committed to strengthening collaborations to industrialize an Open RAN-ready network, ensuring Japan's digital future is bright and prosperous." Globally, Ericsson invests around USD 5 billion in R&D annually, which plays a significant role in cementing the company's technology leadership in 5G and next-generation products and solutions. Ericsson began operations in Japan in 1985. The company has offices in Tokyo, Yokohama and Sendai. The company currently employs more than 1,000 people in the country. In addition to the intent to expand research and development operations in Japan, Ericsson is collaborating on 6G research with the Yokohama National University and the University of Electro-Communications. Related links: Ericsson and SoftBank Corp. forge strategic partnership to drive innovation in AI, Cloud, XR, and 6G technologies towards 2030 Ericsson, SoftBank Corp. achieve milestones in AI-RAN integration joint research and development Aduna secures KDDI as equity partner in groundbreaking API venture Ericsson and SoftBank Corp. step up collaboration on AI-RAN integration to enhance network efficiency and performance NOTES TO EDITORS: FOLLOW US: Subscribe to Ericsson press releases Subscribe to Ericsson blog posts MORE INFORMATION AT: Ericsson Newsroom (+46 10 719 69 92) (+46 10 719 00 00) ABOUT ERICSSON: Ericsson's high-performing, programmable networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. This information was brought to you by Cision The following files are available for download: Ericsson commits to Japan R&D investment View original content:
Local Sweden
15-04-2025
- Business
- Local Sweden
Sweden's Ericsson 'not immune' from global trade war
Swedish telecommunications equipment giant Ericsson posted a jump in first-quarter net profit Tuesday as North American sales soared ahead of tariffs, but warned it was not "immune" from the trade war. Advertisement Ericsson said its profit after tax reached 4.2 billion kronor ($430.7 million) in the first three months of the year, surging 61 percent compared to the same period in 2024. Sales rose three percent to 55 billion kroner, slightly lower than forecast by analysts surveyed by Bloomberg. It sales in the Americas region surged 20 percent, offsetting declines in other parts of the world, the company said in its quarterly earnings statement. "In North America, sales in Networks grew strongly, benefiting from previous contract wins and accelerated network investments by other customers, in part reflecting tariff uncertainty," Ericsson said. North America is a key market for Ericsson, accounting for almost a third of its revenue. US President Donald Trump implemented a tariff of 10 percent on global imports in April, but he paused plans for higher duties on dozens of countries, including a 20 percent duty for goods from EU nations. Advertisement "In the evolving global trade landscape and macro volatility, we continue to focus on controlling what we can control and delivering to our customers," Ericsson chief executive Börje Ekholm said, "We are not immune, but we are resilient, with well diversified production close to the customer and the flexibility to adapt to changing conditions over time," he said.
Yahoo
15-04-2025
- Business
- Yahoo
Ericsson reports first quarter results 2025
STOCKHOLM, April 15, 2025 /PRNewswire/ -- Strategic highlights – solid momentum in technology leadership and programmable networks Extending technology leadership with expanded high-performing and energy-efficient product portfolio. First high-performing programmable networks partnership for Asia Pacific with Telstra announced. Announced network API fraud detection deployment by all three USA operators and further Aduna partnerships. First quarter highlights – strong growth in gross income and margins Organic sales were stable, with strong growth in market area Americas offset by declines in other market areas. Reported sales were SEK 55.0 (53.3) b. Adjusted[1] gross income increased to SEK 26.7 (22.8) b. driven by sales growth and strong gross margin expansion. Reported gross income was SEK 26.5 (22.7) b. Adjusted[1] gross margin was 48.5% (42.7%) supported by improvements in all segments with strong operational execution. Reported gross margin was 48.2% (42.5%). Adjusted[1] EBITA was SEK 6.9 (5.1) b. with a 12.6% (9.6%) margin, benefiting from higher gross income. EBITA was SEK 6.7 (4.9) b. Q1 2024 included a one-time gain of SEK 1.9 b. Net income was SEK 4.2 (2.6) b. EPS diluted was SEK 1.24 (0.77). Free cash flow before M&A was SEK 2.7 (3.7) b. Börje Ekholm, President and CEO, said: "We sustained solid momentum in Q1, despite a challenging and fast changing macro backdrop, and our results highlight our competitiveness. Our solid execution contributed to a strong 48.5% adjusted gross margin and 12.6% adjusted EBITA margin. We extended our technology leadership position further and are on track to offer a portfolio of 130 radios this year that support programmable networks. In Q1, we announced the first Asia Pacific programmable network, including deployment of 5G Advanced, with Telstra. Looking ahead, we remain confident of our strong position in Mobile Networks and expect Enterprise to stabilize during 2025. In the evolving global trade landscape and macro volatility, we continue to focus on controlling what we can control and delivering to our customers. We are not immune, but we are resilient, with well diversified production close to the customer and the flexibility to adapt to changing conditions over time." SEK b. Q1 2025 Q1 2024 YoY change Q4 2024 QoQ change Net sales 55.025 53.325 3 % 72.913 -25 % Organic sales growth *[2] - - 0 % - - Gross margin[2] 48.2 % 42.5 % - 44.9 % - EBIT 5.931 4.100 45 % 7.958 -25 % EBIT margin[2] 10.8 % 7.7 % - 10.9 % - EBITA[2] 6.652 4.893 36 % 8.623 -23 % EBITA margin[2] 12.1 % 9.2 % - 11.8 % - Net income 4.217 2.613 61 % 4.879 -14 % EPS diluted, SEK 1.24 0.77 61 % 1.44 -14 % Free cash flow before M&A[2] 2.704 3.671 -26 % 15.824 -83 % Net cash, end of period[2] 38.647 10.807 258 % 37.830 2 % Adjusted financial measures[1][2] Adjusted gross margin 48.5 % 42.7 % - 46.3 % - Adjusted EBIT 6.212 4.305 44 % 9.584 -35 % Adjusted EBIT margin 11.3 % 8.1 % - 13.1 % - Adjusted EBITA 6.933 5.098 36 % 10.25 -32 % Adjusted EBITA margin 12.6 % 9.6 % - 14.1 % - * Sales adjusted for the impact of acquisitions and divestments and effects of foreign currency fluctuations. [1] Adjusted metrics exclude restructuring charges. This is a change in nomenclature only, compared with previous reports. [2] Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statement. NOTES TO EDITORS You find the complete report with tables in the attached PDF or on Video webcast for analysts, investors and journalists President and CEO Börje Ekholm and CFO Lars Sandström will comment on the report and take questions at a video webcast at 9:00 AM CEST (8:00 AM GMT London, 3:00 AM EST New York). Join the webcast or please go to To ask a question: Access dial-in information here The webcast will be available on-demand after the event and can be viewed at FOR FURTHER INFORMATION, PLEASE CONTACT Contact person Daniel Morris, Head of Investor Relations Phone: +44 7386657217 E-mail: Additional contacts Stella Medlicott, Senior Vice President, Marketing and Corporate Relations Phone: +46 730 95 65 39 E-mail: Investors Lena Häggblom, Director, Investor Relations Phone: +46 72 593 27 78 E-mail: Alan Ganson, Director, Investor Relations Phone: +46 70 267 27 30 E-mail: Media Ralf Bagner, Head of Media Relations Phone: +46 76 128 47 89 E-mail: Media relations Phone: +46 10 719 69 92 E-mail: This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on April 15, 2025. This information was brought to you by Cision The following files are available for download: Q1 2025 GB Q1 2025 View original content: SOURCE Ericsson Sign in to access your portfolio
