Invitation to conference call on restated segment financials
Ericsson announced a change in its reporting structure effective Q3 2022, aligning with its new organizational model initiated on June 1, 2022. The company will release restated segment financials for Q1 and Q2 2022, as well as 2021 and 2020 figures, on September 20, 2022, at 8:00 AM CEST. A conference call for analysts, investors, and journalists is scheduled for the same day at 3:00 PM CEST. The third-quarter earnings report is set for October 20, 2022.
- Implementation of a new reporting structure could enhance financial clarity.
- Scheduled release of restated financials allows for better year-on-year comparisons.
- None.
STOCKHOLM, Aug. 29, 2022 /PRNewswire/ --
- As previously announced Ericsson is as of Q3 2022 changing its reporting structure to reflect its new organization
- Restated segment financials for 2022 first and second quarter, 2021 by quarter and 2020 full year will be published September 20, at 8:00 AM CEST
- Ericsson's CFO will present the restated segment financials on a conference call scheduled at 3:00 PM CEST, September 20
Ericsson (NASDAQ: ERIC) implemented a new company structure as of June 1, 2022. As previously announced, the company will start to report financials according to new segments that corresponds to the new company structure starting from the third quarter 2022. The earnings report for the third quarter will be published October 20, 2022.
To facilitate year-on-year comparisons the restated segment financials for 2022 first and second quarter, 2021 by quarter, and 2020 full year, will be published on September 20, 2022, ahead of the third quarter report in October.
The company will issue a press release with the restated segment financials attached, including tables, in pdf-format. Following publication of the press release, the restated financials document will be available on Ericsson's website at: www.ericsson.com/investors
CONFERENCE CALL FOR ANALYSTS, INVESTORS AND JOURNALISTS
A conference call for financial analysts, investors and journalists will begin at 3:00 PM CEST Stockholm (2:00 PM BST London, 9:00 AM EDT New York).
CFO Carl Mellander will comment on the restated financials and take questions.
Conference call: Join here
To ask a question: Access dial-in information here
The conference call will be available on-demand on our website after the event.
NOTES TO EDITORS:
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Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
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SOURCE Ericsson
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