Ericsson is a global leader in telecommunications and networking technology, specializing in the development of innovative solutions that enable connectivity and digital transformation for telecom operators and enterprises
The company designs and delivers a wide range of telecommunications equipment, software, and services, including mobile and fixed network infrastructure, network management tools, and cloud services. With a strong focus on research and development, Ericsson plays a crucial role in advancing technologies such as 5G, Internet of Things (IoT), and artificial intelligence, helping businesses and communities connect more efficiently and effectively in an increasingly digital world.
Ericsson CEO Lars Sandstrom also noted the potential impact of proposed tariffs on European Union companies under the new U.S. administration, adding that the company is actively monitoring the situation.
Wall Street paused for a breather on Friday, with the S&P 500 index hovering around the flatline at midday trading in New York after a five-day rally that pushed the market to fresh record highs this week. Meanwhile, investor attention shifted to forex and gold markets.
Ericsson reported Q4 results with sales of 72.9 billion Swedish Krona, growing 1% Y/Y, driven by 54% growth in North America. Adjusted EBIT margin improved to 13.1%, but EPS of $0.13 missed analyst estimates. Dividend per share increased to SEK 2.85. Company expects Stock surged 57% in last 12 months.
Ericsson agrees to sell subsidiary iconectiv to Koch Equity Development LLC. Ericsson's cash benefit from the transaction is expected to be approximately $1.0 billion.
