Ericsson shares rise as Q1 report reveals strong earnings, gross margin beat
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Ericsson reports first quarter results 2024
April 16, 2024 1:41 AM EDTSTOCKHOLM, April 16, 2024 /PRNewswire/ -- First quarter highlights Driving gross margin improvements and cost efficiencies
Sales declined organically[1] by -14% YoY, due to a -19% decline in Networks. Reported sales decreased to SEK 53.3 (62.6) b.Gross income excluding restructuring charges decreased to SEK 22.8 (24.9) b. as lower sales were partly offset by an improvement in gross margin. Reported gross income was SEK 22.7 (24.2) b.Gross margin excluding restructuring charges improved to... More