Ericsson (ERIC) Reports Q4 Revenue of SEK57.2B
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Ericsson Reports Fourth Quarter and Full Year Results 2017
January 31, 2018 1:59 AM ESTSTOCKHOLM, Jan. 31, 2018 /PRNewswire/ --
FOURTH QUARTER HIGHLIGHTS
Reported sales decreased by -12%. Sales adjusted for comparable units and currency declined by -7% YoY, partly due to lower LTE sales in Mainland China, as expected. As earlier communicated, write-down of assets was made in the quarter, with a final impact on the result of SEK -14.5 b. In addition, provisions and customer project adjustments amounted to SEK -3.2 b. and restructuring charges amounted to SEK -2.4 (-4.6) b. Gross margin was 21.0% (26.1%). Adjusted1) gross margin improved to 29.9% (29.4%) with improved gross... More