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Ericsson underlying sales up 13% in Q4 on 5G demand, net profit jumps 60%

Friday 29 January 2021 | 09:32 CET | News
Ericsson reported a strong finish to 2020, exceeding its margin targets as sales were boosted by demand for 5G networks. Quarterly revenues rose 5 percent to SEK 69.6 billion and were up 13 percent on an organic basis. Operating profit jumped 80 percent to SEK 11.0 billion, and the net profit rose 60 percent to SEK 7.2 billion. Ericsson increased its dividend to SEK 2.00 per share from SEK 1.50 last year. 

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Categories: Mobile & Wireless
Companies: Ericsson / Samsung
Countries: World
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