Ericsson reports net sales of SEK 38.4 billion for Q2, up 18 percent year-over-year and the H1 net sales grew 15 percent compared to H1 2004 to SEK 69.9 billion. The ongoing network rollout in the North American market is well under way and invoicing included equipment worth close to SEK 2 billion originally planned for the third quarter. Central Europe, Middle East and Africa sales grew 27 percent year-over-year and was the largest region, while Western Europe sales grew 7 percent. The sales in Asia Pacifi were up by 8 percent year-over-year with China and India showing particularly strong development. North American sales are recovering. Growth year-over-year of 31 percent indicates a market rebound following operator consolidation. Latin America shows continued positive development, and sales grew by 28 percent year-over-year through strong GSM sales. Argentina and Brazil, in particular, contributed to the year-over-year growth.The company's net income for Q2 grew from SEK 5 billion in 2004 to SEK 5.8 billion, while the H1 net income amounted to SEK 10.5 billion compared with SEK 7.6 billion in H1 2004.
