Ericsson (ERIC) Reports Q1 EPS of SEK0.96

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Go back to Ericsson (ERIC) Reports Q1 EPS of SEK0.96

Ericsson reports first quarter results 2021

April 21, 2021 1:16 AM EDT

STOCKHOLM, April 21, 2021 /PRNewswire/ -- 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 restructuring charges improved to SEK 5.3 b. (10.7%) from SEK 4.6 b. (9.3%) YoY driven by Networks, more than offsetting the negative impact from lower IPR licensing... More