ERICY - ERICY STOCK NEWS

Ericsson's fourth-quarter results show a challenging market environment with a decline in sales. The company reported a -17% YoY decline in organic sales, with Networks sales down by -23%. Despite this, EBITA reached SEK 8.2 b. with an EBITA margin of 11.4%. Full-year sales declined organically by -10%, impacted by a -15% decrease in Networks, partly offset by an 11% growth in Enterprise. The reported EBITA for the full year was SEK 21.4 b. with a margin of 8.1%. The company also reported a net loss of SEK -26.1 b. for the year, impacted by goodwill impairment and restructuring charges. The press release highlights the company's focus on operational efficiency, tight cost management, and a commitment to driving long-term value for shareholders.

Ericsson (ERIC) will release its financial report for the fourth quarter of 2024 at approximately 7:00 AM CET on January 23, 2024. President and CEO Börje Ekholm and CFO Carl Mellander will host a live video webcast at 9:00 AM CET to discuss the report and take questions. The report will be available on Ericsson's website, and the webcast will be accessible on-demand after the event.

AT&T (T) plans to lead the US in open radio access network deployment, investing $14 billion over 5 years. The company aims for 70% wireless network traffic to flow across open-capable platforms by late 2026, with fully integrated open RAN sites operating in coordination with Ericsson and Fujitsu starting in 2024. The move towards open RAN will enable rapid scaling and management of mixed supplier hardware at each cell site. The company's joint commitment with Ericsson comes at a pivotal moment in the 5G innovation cycle, positioning AT&T to quickly capitalize on the next generation of wireless technology and spectrum. This move is expected to yield more innovation, greater efficiencies, and lower network costs, enabling the company to continue investing in its fast-growing broadband network.

Ericsson (NASDAQ: ERIC) announces changes in its Nomination Committee with Bengt Kjell, AB Industrivärden, replacing Karl Åberg. The committee now includes Johan Forssell, Investor AB; Bengt Kjell, AB Industrivärden; Anders Oscarsson, AMF Tjänstepension & AMF Fonder; Christer Gardell, Cevian Capital Partners Limited; and Jan Carlson, the Chair of the Board of Directors. Johan Forssell is the Chair of the Nomination Committee.

Ericsson (ERIC) predicts that global 5G subscriptions will exceed 5.3 billion by the end of 2029. The average data consumption per smartphone is projected to rise from 21GB/month to 56GB/month between 2023 and 2029. Additionally, 85 percent of the global population is expected to have 5G coverage access by the end of 2029.

Ericsson to hold briefing session on sustainability and responsible business

Ericsson and Huawei renew multi-year global patent cross-licensing agreement for 3G, 4G, and 5G technologies. Ericsson estimates full-year 2023 IPR licensing revenues to be approximately SEK 11 billion.

Ericsson reports second quarter 2023 results. Group organic sales declined by -9% YoY, with Networks sales declining by -13% and Enterprise sales growing by 20%. Gross income decreased to SEK 24.7 b. EBITA amounted to SEK 3.7 b. with an EBITA margin of 5.7%. Net loss was SEK -0.6 b. Free cash flow before M&A was SEK -5.0 b. Net cash on June 30, 2023, was SEK 1.9 b.