Wednesday 13th of April 2022 10:47:34 PM
Telefonaktiebolaget LM Ericsson GAAP EPS of SEK0.88, revenue of SEK55.1B beats by SEK1.2B
- Telefonaktiebolaget LM Ericsson press release (NASDAQ:ERIC): Q1 GAAP EPS of SEK0.88.
- Revenue of SEK55.1B (+10.6% Y/Y) beats by SEK1.2B.
- Group organic sales grew by 3% Y/Y driven by Networks in North America and in Europe and Latin America.
- Reported gross margin was 42.3% vs.42.8% Y/Y.
- Adj. EBITA amounted to SEK6.1B with an EBITA margin of 11.0%.
- Adj. EBIT amounted to SEK5.9B with an EBIT margin of 10.7%.