Ericsson Sees IPR Revenues To Reach At Least SEK 13 Bln In 2024
Oct 15 (Reuters) -Telefonaktiebolaget LM Ericsson ERICb.ST:
Q3 RESTRUCTURING CHARGES AMOUNTED TO SEK -1.6 (-0.9) B. MAINLY RELATED TO REDUNDANCY ACTIVITIES
IPR REVENUES EXPECTED TO REACH AT LEAST SEK 13 B. IN 2024
SIGNS THAT OVERALL MARKET IS STABILIZING WITH NORTH AMERICA
ON NETWORKS: SALES GROWTH IN Q4 IS EXPECTED TO BE BELOW AVERAGE 3 YEARS SEASONALITY, REFLECTING A STRONGER THAN AVERAGE Q3
ON NETWORKS: ADJUSTED GROSS MARGIN IN Q4 IS EXPECTED TO BE IN THE RANGE OF 47%-49%
SALES GROWTH WAS OFFSET BY MATERIALLY LOWER SALES IN MARKET AREA SOUTH EAST ASIA, OCEANIA AND INDIA, AS INVESTMENT LEVELS IN INDIA HAVE NORMALIZED AFTER A RECORD YEAR IN 2023
SEES FURTHER NEAR-TERM SALES PRESSURE IN ENTERPRISE AS CO FOCUSES ON PROFITABLE SEGMENTS
RESTRUCTURING CHARGES FOR 2024 SEEN AT AROUND SEK 4 B
BEGINNING ON AUGUST 4, 2023, A NUMBER OF CIVIL LAWSUITS HAVE BEEN FILED AGAINST ERICSSON IN SOLNA DISTRICT COURT, SWEDEN
ON CIVIL LAWSUITS: AS OF OCTOBER 15, 2024, 93 CLAIMANTS HAVE FILED SUIT, WHICH ARE COORDINATED AND FINANCED BY A UK-BASED LITIGATION FUNDER
Source text for Eikon: ID:nWkr1dgnmR
Further company coverage: [ERICb.ST]
(Gdansk Newsroom)
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