Ericsson outlines growth plans at investors day

Nieuws Algemeen Wereld 6 NOV 2013
Ericsson outlines growth plans at investors day
Ericsson expects continued steady growth in its markets and aims to maintain its own growth at faster than the market rate. At its investor day, the company said the network equipment market will show a CAGR of 3-5 percent in 2012-2016, telecom services is estimated to show a CAGR of 5-7 percent in the period, and the market for support solutions is forecast to show a CAGR of 9-11. Ericsson said its own sales growth was twice the market rate in 2010-2012, after adjusting for currency effects, showing its strategy is working. 

Currencies were one of the main drags on the company's Q3 results, along with changes in three major contracts, and the investor day will include a presentation from CFO Jan Frykhammar on the group's forex strategy. CEO Hans Vestberg will outline Ericsson's priorities for 2014. These include monetizing the investments in footprint in Europe, continued structural improvements to shorten order-to-cash cycle time, and evolving the infrastructure software model to fit an ICT environment. The company will also give a longer term view for beyond 2015 and its plans for targeted growth in areas such as IP, OSS, BSS, TV and media, and modems.

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