Ericsson reports first quarter results 2024
STOCKHOLM, 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 toSEK 53.3 (62.6) b. * Gross income excluding restructuring cha...
Ericsson's Annual General Meeting 2024
STOCKHOLM, April 3, 2024 /PRNewswire/ -- Telefonaktiebolaget LM Ericsson's (NASDAQ: ERIC) Annual General Meeting (AGM) was held today onApril 3, 2024 in Kista, Stockholm. Shareholders were also able to exercise their voting rights by post before the meeting. Adoption of the Income Statements and...
Invitation to media and analyst briefing for Ericsson Q1 2024 report
* Report to be released at approximately 7:00 AM CEST on April 16, 2024 * One live video webcast for analysts, investors, and journalists at 9:00 AM CEST STOCKHOLM, April 2, 2024 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the first quarter 2024 will be published at approxim...
Independent Monitor certifies Ericsson's Compliance Program
STOCKHOLM, March 28, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that onMarch 28, 2024, the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) (in June of 2020 in connection with Ericsson's resolution of historical violations of the Foreign Corrupt P...
Ericsson appoints Andres Vicente Head of Market Area South East Asia, Oceania & India
* Effective as of May 1, 2024 * Becomes member of Ericsson's Executive Team, reporting to the CEO STOCKHOLM, March 20, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment ofAndres Vicente as its new Head of Market Area South East Asia, Oceania &India and Senior Vice Pr...
Ericsson Annual Report on Form 20-F filed with the SEC
STOCKHOLM, March 13, 2024 /PRNewswire/ -- On March 12, 2024, Ericsson (NASDAQ:ERIC) filed its Annual Report on Form 20-F for the year endedDecember 31, 2023, with the U.S. Securities and Exchange Commission (SEC). The Annual Report is available on Ericsson's website at https://www.ericsson.com/e...
Ericsson Annual Report 2023 published
* The Annual Report 2023 available for download and printed version available for order * The Annual Report 2023 publication consists of Ericsson's Financial report 2023, the Corporate Governance report 2023, the Remuneration report 2023 and the Sustainability and Corporate Responsibility rep...
Ericsson announces Appointment of Becky Rohr as Chief Compliance Officer, bringing together Investigations and Compliance
* Becky Rohr, currently Head of Corporate & Government Investigations, will become the new Chief Compliance Officer * Jan Sprafke will leave Ericsson to pursue other opportunities STOCKHOLM, March 6, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces that Rebecca (Becky) Rohr, curre...
Notice of Ericsson's Annual General Meeting 2024
STOCKHOLM, Feb. 28, 2024 /PRNewswire/ -- The Annual General Meeting of shareholders of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) will be held on Wednesday, April 3, 2024 at 1 pm. The Nomination Committee proposes among other things: * Karl Åberg as new member of the Board (item 9 and 11) ...
Ericsson to utilize mandate to transfer shares
STOCKHOLM, Feb. 16, 2024 /PRNewswire/ -- Ericsson's (NASDAQ:ERIC) annual general meeting onMarch 29, 2023 authorized the company's board of directors to resolve on the transfer of the company's own shares. Under the authorization the company may, in conjunction with the delivery of vested shares ...
Ericsson appoints Chafic Nassif Head of Market Area North East Asia
* Effective as of February 26, 2024 * Becomes member of Ericsson's Executive Team, reporting to the CEO STOCKHOLM, Jan. 29, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment ofChafic Nassif as its new Head of Market Area North East Asia and Senior Vice President. M...
Ericsson signs funding agreements with the European Investment Bank
* Ericsson has signed two 7-year funding agreements with the European Investment Bank (EIB) for a total ofEUR 420 million * The loans will finance parts of Ericsson's R&D investments in wireless technology up to 2025 * The R&D investments are an important contributor into Ericsson's overall ...
Ericsson announces leadership changes to the Executive Team
* Niklas Heuveldop, currently Head of Market Area North America, is appointed new Head of Business Area Global Communications Platform and CEO of Vonage as of February 1, 2024 * Yossi Cohen, currently Head of Strategy, Technology, Marketing and Business Development within Market Area North Ame...
Ericsson reports fourth quarter and full-year results 2023
STOCKHOLM, Jan. 23, 2024 /PRNewswire/ -- Fourth quarter highlights – Solid EBITA and cash flow in a challenged market * Sales declined organically[1] by -17% YoY, driven by a -23% decline in Networks. Reported sales were down by -16% toSEK 71.9 b. * Gross income excluding restructuring cha...
Ericsson appoints Lars Sandström as Chief Financial Officer
* Effective as of April 1, 2024 * Member of Ericsson's Executive Team, reporting to the CEO STOCKHOLM, Jan. 23, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment of Lars Sandström as its new Chief Financial Officer, Senior Vice President, and Head of Group Function ...
Invitation to media and analyst briefing for Ericsson Q4 2023 report
* Report to be released at approximately 7:00 AM CET on January 23, 2024 * One live video webcast for analysts, investors, and journalists at 9:00 AM CET STOCKHOLM, Jan. 9, 2024 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the fourth quarter 2024 will be published at approxim...
Changes to Ericsson's nomination committee
STOCKHOLM, Dec. 1, 2023 /PRNewswire/ -- Effective November 30, 2023, Bengt Kjell, AB Industrivärden, will replace Karl Åberg, AB Industrivärden, in Ericsson's (NASDAQ: ERIC) Nomination Committee. The Nomination Committee now consists of: * Johan Forssell, Investor AB; * Bengt Kjell, AB Indus...
Ericsson Mobility Report: Resilient 5G uptake - global mobile data traffic set to triple in six years
* Global 5G subscriptions forecast to top 5.3 billion by the end of 2029 * Continued strong surge in global average data consumption per smartphone - predicted to increase from 21GB/month to 56GB/month between 2023 and 2029 * 85 percent of the global population to have ...
Ericsson issues first green bond
* A green bond of EUR 500 million within the Green Financing Framework, with a maturity of 4.5 years * Proceeds will be exclusively allocated to investments in energy efficiency * The bond extends Ericsson's well diversified debt maturity profile STOCKHOLM ,Nov. 23, 2023 /PRNewswire/ -- Erics...
Ericsson reports third quarter results 2023
STOCKHOLM, Sweden, Oct. 17, 2023 /PRNewswire/ -- Third quarter highlights – in line with guidance * Group organic sales[1] declined by -10% YoY. Segment Networks organic sales[1] declined by -16% while Enterprise and Cloud Software and Services sales grew organically. Reported sales decreased ...
