Ericsson Annual Report 2021 published

Rhea-AI Summary

Ericsson has published its Annual Report 2021, available for download and order as a printed copy. The report includes crucial documents such as the Financial Report, Corporate Governance Report, Remuneration Report, and Sustainability Report. However, following the report's finalization on March 3, 2022, Ericsson faced a legal challenge in the U.S., with a putative class action filed against the company for alleged violations of securities laws, primarily concerning misleading statements about business compliance in Iraq.

Positive

• Annual Report 2021 available for download and printed order.
• Includes comprehensive financial and governance information.

Negative

• Facing a putative class action lawsuit alleging violations of U.S. securities laws.
• Allegations relate to misleading statements about compliance and business conduct in Iraq.

• Annual Report 2021 available for download and printed version available for order        
• The Annual Report 2021 publication consists of Ericsson's Financial report 2021, the Corporate Governance Report 2021, the Remuneration Report 2021 and the Sustainability and Corporate Responsibility Report 2021

STOCKHOLM, March 4, 2022 /PRNewswire/ -- The Ericsson (NASDAQ: ERIC) Annual Report 2021 is now available to download from the Ericsson web site: www.ericsson.com/en/investors/. Printed copies of the Annual Report 2021 will be available for order by filling in the form on this page: www.ericsson.com/en/investors/finansiella-rapporter-och-filings/order-annual-report

The Swedish Annual Report 2021 is also available on Ericsson's website in European Single Electronic Format (ESEF).

Update - legal proceedings

After the annual report was finalized on March 3, 2022, Ericsson learned that Telefonaktiebolaget LM Ericsson and certain officers of Ericsson were named as defendants in a putative class action filed in the United States District Court for the Eastern District of New York. The complaint alleges violations of United States securities laws, in connection with allegedly false and misleading statements principally concerning the Company's adherence with its compliance and disclosure policies and obligations and the conduct of its business in Iraq. 

For further information, please visit the Investor Relations pages: https://www.ericsson.com/en/investors

NOTES TO EDITORS:

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FOR FURTHER INFORMATION, PLEASE CONTACT:

Contact person

Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Investors

Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail: lena.haggblom@ericsson.com

Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: Stefan.jelvin@ericson.com

Media

John Moorwood, Head of Global Media
Phone: +44 79 093 249 18
E-mail: media.relations@ericsson.com

Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

This information is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 04:30 PM CET on March 4, 2022.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/ericsson-annual-report-2021-published,c3519158

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Ericsson Annual Report 2021 published

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SOURCE Ericsson

FAQ

What is included in Ericsson's Annual Report 2021?

Ericsson's Annual Report 2021 includes the Financial Report, Corporate Governance Report, Remuneration Report, and Sustainability Report.

When was the Annual Report 2021 published by Ericsson?

The Annual Report 2021 was published on March 4, 2022.

What legal issues is Ericsson facing related to the Annual Report?

Ericsson is facing a putative class action lawsuit alleging violations of U.S. securities laws primarily related to misleading statements about compliance in Iraq.

Where can I download Ericsson's Annual Report 2021?

Ericsson's Annual Report 2021 can be downloaded from their investor relations website.

What are the consequences of the lawsuit against Ericsson?

The consequences of the lawsuit could include financial penalties and impacts on Ericsson's reputation and stock performance.