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Ericsson improves margins as sales slow in Q3

Friday 23 October 2015 | 08:40 CET | News
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Ericsson reported improving margins and profits in the third quarter, as its efficiency programme helped offset weak sales. Revenues increased 3 percent year-on-year to SEK 59.2 billion, but were down 9 percent on an organic basis due to lower sales in Networks. This was partly offset by sales growth in Professional Services. A higher share of services in the revenue mix led to a drop in the adjust gross margin, to 34.5 percent from 35.5 a year ago. The operating margin, excluding restructuring costs, improved though, to 10 percent from 7 percent a year earlier, thanks to lower costs.

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Categories: Mobile & Wireless
Countries: World
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