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General

Ericsson posts restated financial figures for new segments

Friday 10 March 2017 | 10:07 CET | News
Ericsson has announced the restated 2015 and 2016 financials for three new reporting segments – Networks, IT & Cloud and Media. Under the new reporting structure, net sales in the Networks segment for the 2016 fiscal year were SEK 165 billion compared to SEK 184.8 billion in 2015. IT & Cloud posted net sales of SEK 47.9 billion in 2016 compared to SEK 51.8 billion the previous year while sales at the Media segment were SEK 9.7 billion, down from SEK 10.4 billion in 2015.

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Categories: General
Countries: World
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