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Ericsson sales fall 11% in Q2, sees weak H2

Tuesday 19 July 2016 | 08:37 CET | News
Ericsson reported a further slowdown in sales in the second quarter, with revenues falling 11 percent year-on-year to SEK 54.1 billion due to the economic weakness in parts of the world. The company's main growth markets, China and North America, posted flat sales, and sales grew only in southeast Asia and Oceania. Ericsson said it expects the sales trend to continue in the second half of the year. A larger share of mobile broadband coverage contracts and services business led to a fall in the gross margin to 32.3 percent from 33.2 percent a year ago, and the operating margin dropped to 5.1

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