Ericsson reports first quarter results 2021

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Go back to Ericsson reports first quarter results 2021

Ericsson (ERIC) Reports Q1 EPS of SEK0.96

April 21, 2021 8:36 AM EDT

Ericsson (NASDAQ: ERIC) reported Q1 EPS of SEK0.96, versus SEK0.65 reported last year. Revenue for the quarter came in at SEK49.8 billion, versus SEK49.8 billion reported last year.

First quarter highlights

Sales adjusted for comparable units and currency grew by 10% YoY despite SEK -1.6 b. lower IPR licensing revenues YoY and four of the five market areas showed double-digit growth. Reported sales were SEK 49.8 (49.8) b.Gross margin excluding restructuring charges improved to 42.9% (40.4%) with margin improvements in all segments despite lower IPR licensing revenues. Reported gross margin improved to 42.8% (39.8%).EBIT excluding... More