Press release
507KB
ottobre 19, 2021 - Ericsson
Ericsson reports third quarter results 2021
Comunicato Stampa disponibile solo in lingua originale.
Third quarter highlights
- Group organic sales declined by -1% YoY. Sales in Mainland China in Networks and Digital Services declined by SEK -3.6 b. impacting the growth rate by -6%. Some impact was seen from disturbances in the supply chain. Reported sales were SEK 56.3 (57.5) b.
- Gross margin excl. restructuring charges improved to 44.0% (43.2%) mainly driven by increased and partly retroactive IPR revenues and the acquired Cradlepoint #business. Operational leverage continued to be strong in Networks. Reported gross margin was 44.0% (43.1%).
- EBIT margin excl. restructuring charges increased slightly to 15.7% (15.6%). Reported EBIT increased to SEK 8.8 b. (15.7%) from SEK 8.6 b. (15.0%). EBIT was supported by a market revaluation of investments and an impairment write-off, amounting to SEK 0.4 b.
- Organic sales development in Networks was stable YoY. The quarter was impacted by market share loss in Mainland China. Reported EBIT margin was 23.7% (22.0%).
- Reported net income was SEK 5.8 (5.6) b.
- Free cash flow before M&A was SEK 13.0 (3.9) b. driven primarily by strong cash collection. Net cash per September 30, 2021 was SEK 55.7 b. compared with SEK 41.5 b. per September 30, 2020.
- Investor Update (Nov. 9) will be postponed into next year with the intent to host a full-day, in-person CMD with the entire executive management present.
Further information in the press release to download
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