Ericsson sees slowdown as Q3 sales fall 3%

Thursday 24 October 2013 | 08:44 CET | News
Ericsson reported third-quarter sales down 3 percent to SEK 53.0 billion, hurt by currency effects and a slowdown in major projects. Comparable sales excluding forex rose 3 percent from a year earlier. Operating profit improved to SEK 4.2 billion from SEK 3.1 billion a year earlier, in part thanks to a shift in Europe away from low-margin upgrade projects towards capacity and LTE expansion. Net profit increased to SEK 3.0 billion from SEK 2.2 billion. Despite the shift in Europe and LTE contract wins with two Chinese operators, Ericsson said sales were "coming under some pressure". In

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.


Already registered?

Categories: Mobile & Wireless
Countries: World
::: add a comment

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.


Ericsson Q4 results lifted by Samsung licensing deal

Published 30 Jan 2014 09:00 CET | World
Ericsson reported stable sales and improved profits in the fourth quarter, helped by its new licensing deal with Samsung. ...

Ericsson outlines growth plans at investors day

Published 06 Nov 2013 09:52 CET | World
Ericsson expects continued steady growth in its markets and aims to maintain its own growth at faster than the market rate. At ...

Ericsson Nikola Tesla reports 39% drop in 9-mth revenues

Published 30 Oct 2013 11:01 CET | Eastern Europe
Croatian telecommunications equipment manufacturer Ericsson Nikola Tesla announced revenues for the first nine months of 2013 ...

Ericsson introduces multiple-application card for SSR

Published 24 Oct 2013 11:47 CET | World
Ericsson has released a new multiple-application card for its Smart Services Routers (SSR) that will support various services ...

Ericsson announces new in-door cellular radio system

Published 25 Sep 2013 17:48 CET | World
Ericsson has announced a new cellular radio that is small enough to fit a person's hand, but provides enough indoor network ...

Ericsson, Huawei and NSN are top LTE equipment manufacturers

Published 25 Sep 2013 08:04 CET | World
The industry is in the midst of a second wave of LTE rollouts, with 248 commercial LTE networks in 87 countries expected by ...

Ericsson appoints Thulin as SVP, business excellence and CIO

Published 24 Sep 2013 09:18 CET | World
Ericsson has appointed Anders Thulin as its senior vice-president for business excellence and CIO for the Ericsson Group. Thulin ...

Ericsson unveils media management services

Published 09 Sep 2013 12:36 CET | World
Ericsson is presenting new managed services for the media sector at IBC in Amsterdam. The managed services support broadcasters' ...

Ericsson acquires Arivana EVDO business

Published 06 Sep 2013 15:58 CET | World
Global provider of communications technology and services, Ericsson has acquired Airvana Network Solutions' EVDO business in a ...

Ericsson completes takeover of Microsoft Mediaroom

Published 05 Sep 2013 16:12 CET | World
Ericsson announced that its has completed its acquisition of Microsoft's Mediaroom platform for IPTV services. The takeover, ...

Huawei, Ericsson dominate LTE contracts - study

Published 14 Aug 2013 17:10 CET | World
Huawei and Ericsson obtained the highest number of LTE contracts as deployments of 4G networks accelerate, according to an ...

Ericsson enters agreement to acquire Telcocell

Published 23 Jul 2013 20:09 CET | North America
Ericsson has announced it has entered into an agreement to acquire the entire business of Telcocell, a Canada-based consulting ...

Ericsson Q2 sales flat, profits improve

Published 18 Jul 2013 08:43 CET | World
Ericsson reported second-quarter sales flat due to negative currency effects, while profits improved thanks to cost reductions. ...