Ericsson announces change to the Executive Team
STOCKHOLM, May 10, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces that Fadi Pharaon, Senior Vice President and Head of Market Area Middle East & Africa, has decided to leave Ericsson to pursue other opportunities. Mr. Pharaon has held his current position since 2019 but has been with...
Ericsson to utilize mandate to transfer shares
STOCKHOLM, May 3, 2024 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) annual general meeting onApril 3, 2024 authorized the company to, in conjunction with the delivery of vested shares under the long-term variable compensation program 2021 ("LTV 2021"), prior to the annual general meeting in 2025, re...
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...
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...
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 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...
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...
AT&T to Accelerate Open and Interoperable Radio Access Networks (RAN) in the United States through new collaboration with Ericsson
STOCKHOLM, Dec. 5, 2023 /PRNewswire/ -- AT&T today announced plans to lead the United States in commercial scale open radio access network (Open RAN) deployment. This industry-leading move, in collaboration with Ericsson, will further the telecommunications industry efforts and build a more robus...
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 reports second quarter 2023
STOCKHOLM, July 14, 2023 /PRNewswire/ -- Second quarter highlights – In line with expectations * Group organic sales[1] declined by -9% YoY. Segment Networks sales[1] declined by -13%, while segment Enterprise sales[1] grew by 20%. Reported sales wasSEK 64.4 (62.5) b. * The sharp decline i...
New number of shares and votes in Telefonaktiebolaget LM Ericsson
STOCKHOLM, May 31, 2023 /PRNewswire/ -- The total number of shares in Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) as ofMay 31, 2023, amounts to 3,344,151,735, of which 261,755,983 are A shares and 3,082,395,752 are B shares. The total number of votes is 569,995,558.2, of which the A shares re...
Ericsson resolves on an acquisition offer for C shares for LTV II 2023, LTV 2022 and LTV 2021
STOCKHOLM, May 3, 2023 /PRNewswire/ -- In accordance with the resolutions by the Annual General Meeting 2023, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Programs LTV II 2023, LTV 2022 and LTV 2021 for Ericsson's executive ...
Ericsson reports first quarter results 2023
STOCKHOLM, April 18, 2023 /PRNewswire/ -- First quarter highlights – Executing in a challenging market * Group organic sales[1] were unchanged YoY. As expected, segment Networks organic sales[1] declined by -2%, driven by lower operator capex and inventory optimization among multiple customer...
