Telefonaktiebolaget LM Ericsson GAAP EPS of SEK0.77, revenue of SEK53.3B

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Telefonaktiebolaget LM Ericsson press launch (NASDAQ:ERIC): Q1 GAAP EPS of SEK0.77. Income of SEK53.3B (-14.9% Y/Y). EBITA excluding restructuring fees amounted to SEK 5.1B (4.8B) with a margin of 9.6% (7.7%), which included a one-time acquire of SEK 1.9B. Free money stream earlier than M&A was SEK 3.7B (-8.0B). Internet money on March 31, 2024, …

Telefonaktiebolaget LM Ericsson press launch (NASDAQ:ERIC): Q1 GAAP EPS of SEK0.77.
Income of SEK53.3B (-14.9% Y/Y).
EBITA excluding restructuring fees amounted to SEK 5.1B (4.8B) with a margin of 9.6% (7.7%), which included a one-time acquire of SEK 1.9B.
Free money stream earlier than M&A was SEK 3.7B (-8.0B).
Internet money on March 31, 2024, was SEK 10.8B in contrast with SEK 7.8B on December 31, 2023.
Outlook: The corporate expects gross sales to stabilize in the course of the second half of the yr, benefiting from latest contract wins and the normalization of buyer stock ranges in North America. In Q2, it expects Networks gross margin excluding restructuring fees to be within the vary of 42-44%. Within the second half, it expects margins ought to profit from improved enterprise combine. The corporate additionally stays extremely targeted on delivering stronger money stream, based mostly on our working self-discipline.
For 2024, restructuring fees are anticipated to be within the vary of SEK 3.0-4.0B.