Ericsson Reports First Quarter Results 2020
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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Source: PR Newswire
STOCKHOLM, April 22, 2020 /PRNewswire/ -- First quarter highlights Sales were SEK 49.8 (48.9) b. A decline by -2% adjusted for comparable units and currency. The COVID-19 pandemic had limited impact on operating income and cash flow in the quarter. Gross margin excluding restructuring charges improved to 40.4% (38.5%). Gross margin improved QoQ in all segments. Operating income excluding restructuring charges was SEK 4.6 b. (9.3% operating margin). Q1 2019 operating income excluding restructuring charges and items affecting comparability was SEK 3.5 b. (7.2% operating margin). Networks sales adjusted for comparable units and currency were flat YoY and operating margin improved to 16.6% (16.3%). Digital Services operating income was SEK -1.4 (-1.8) b. Gross margin improved driven mainly by higher software sales. Sales adjusted for comparable units and currency declined by -9% due to lower services and legacy hardware sa
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