0
Wireless

Ericsson sales slightly lower again in Q3, on China slowdown, supply chain problems

Tuesday 19 October 2021 | 08:43 CET | News
Ericsson's sales growth was slightly negative again in the third quarter, as the company is hurt by the slowdown in sales in China and supply-chain shortages. Revenues fell 2 percent year-on-year and were down 1 percent on an organic basis to SEK 56.3 billion. With market share gains in other countries and higher IPR revenues, EBIT was still up 2 percent to SEK 8.8 billion, and net profit rose 4 percent to SEK 5.8 billion. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Ericsson
Countries: World
::: add a comment
This article is part of dossier

5G


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Ericsson buys Vonage for USD 6.2 billion

Published 22 Nov 2021 09:07 CET | World
Ericsson has agreed to buy the VoIP operator Vonage for USD 21 per share, for a total of USD 6.2 billion. The board of directors ...

Ericsson releases Network Data Analytics Function platform

Published 21 Oct 2021 08:45 CET | World
Ericsson has launched a Network Data Analytics Function (NWDAF) platform, based on smart data-driven networks that learn and ...

Omzet Ericsson weer iets lager in Q3 door vertraging in China en problemen met de toeleveringsketen

Published 19 Oct 2021 10:19 CET | World
De omzet van Ericsson is in het derde kwartaal opnieuw licht gedaald, omdat het bedrijf wordt getroffen door de vertraging van de ...

Ericsson inks new sustainability-linked revolving credit facility worth USD 2 billion

Published 30 Sep 2021 08:53 CET | World
Ericsson has signed a sustainability-linked revolving credit facility worth USD 2 billion, renewing an undrawn USD 2 billion ...

Ericsson shuts Nanjing R&D centre and transfers staff to TietoEVRY, keeps 5G factory

Published 13 Sep 2021 12:23 CET | China
Swedish vendor Ericsson will shut down one of its five research centres in China and plans to transfer 630 employees to a ...

Ericsson sees share of China Mobile 5G radio contract drop to 2%

Published 19 Jul 2021 17:20 CET | China
Ericsson said it has won just 2 percent of the latest tender for 5G radio network equipment at China Mobile. The contract for the ...

Ericsson wins USD 8.3 billion contract to expand Verizon 5G network

Published 16 Jul 2021 11:19 CET | United States
Ericsson announced a landmark deal with Verizon to provide 5G equipment for its network expansion in the US. The company said the ...

Ericsson Q2 revenues fall 1% on China slowdown, Networks still up strongly on 5G demand

Published 16 Jul 2021 08:52 CET | World
Ericsson reported second-quarter revenues down 1 percent year-on-year to SEK 54.9 billion, hurt by a drop in sales in China. On ...

Vodafone Spain picks Ericsson for 5G standalone network core

Published 24 Jun 2021 10:18 CET | Spain
Vodafone Spain has announced the deployment of the first core 5G standalone (SA) network in the country, which it has built using ...

Ericsson warns row over Chinese 5G vendors poses risk to its business

Published 25 May 2021 12:12 CET | World
Ericsson has updated its risk factors as it prepares to issue a EUR 500 million unsecured eight-year bond under its Euro Medium ...

Ericsson, Samsung settle patents dispute and agree new cross-licensing deal

Published 07 May 2021 08:50 CET | World
Ericsson and Samsung have reached a settlement in their licensing dispute and agreed a new multi-year deal for access to each ...

Ericsson underlying sales up 10% in Q1 as networks market share grows

Published 21 Apr 2021 09:34 CET | World
Ericsson reported first-quarter sales flat at SEK 49.8 billion. The company said underlying growth excluding changes in scope and ...