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Ericsson sales growth improves to 9% in Q3

Friday 24 October 2014 | 08:54 CET | News
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Ericsson reported third-quarter sales up 9 percent year-on-year to SEK 57.6 billion. Sales for comparable units, adjusted for currency effects, grew by 3 percent annually and 2 percent quarterly. The growth was mainly driven by the Middle East, China, India and Russia, and was partly offset by a sales decline in North America. The company's gross margin increased to 35.2 percent from 32.0 a year ago, driven by an improved business mix, higher IPR revenues and lower restructuring charges. Operating profit still fell to SEK 3.9 billion from SEK 4.2 billion in the year-earlier period, due to

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Categories: Mobile & Wireless
Countries: World
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