Telekomtillverkaren Ericsson is raising the dividend, and reported a prot before tax of eur 6,05 million for the fourth quarter of last year. That compares with a loss before tax of 2,57 billion kronor in the corresponding period of the previous year.
net Sales amounted to sek 66.3 billion, compared to 63,8 million euros a year earlier.
the Board of directors proposes to pay a dividend to its shareholders on a 1:50 per share be paid, which can be compared with the distribution in the previous year, at sek 1 per share.
Read more: Ericsson’s ceo, has a piece of paper on it and turned.
Operating profit, excluding restructuring costs, was sek 6.5 billion, to € 2.6 billion in the previous year.
the Gross margin raised to 36.8%, up from 25.7 percent in the fourth quarter of 2018 at the latest.
step into to 44.4 billion, from 41.6 billion in the previous year. Analysts had on average expected an increase to 44.7 billion.
also, Ericsson’s sales in north America fell to 17.4 billion to eur 18 billion in the previous year. Sales in Europe and Latin america, decreased to 17.5 billion to 18.2 billion.
”We have regained the teknikledarskapet, has been restored to the former position in a number of markets, and improved financial performance. Today, we are among the leaders in the 5G, with 78 of the commercial, the 5G agreement with the unique operators and of the 24 operational 5G network on four continents”, says the ceo Börje Ekholm in a statement.
the market of the equipment for the radio access network is expected to increase by 4% by 2020, and the financial goals to be achieved, which Ericsson introduced at the October, 2019 remain.
”the Big 5G rollouts in China, is expected to begin in 2020. Ericsson, which has invested in the R & d capabilities in the supply chain, in order to increase its market share. Based on the experience of the margins initially difficult, but becomes positive during the contract’s lifetime,” writes Erickson.
Ericsson, the positive tone was not in the market. After an hour, had been the company’s series b shares fell by nearly 7 per cent.
the Danske Bank points out, the development in north America, which is a cause for concern.
“ Growth is slowing in front of all of the will be driven by developments in north America. In relation to selling, the big question is whether this is temporary or not. It is a very important region, and it is a trend that will continue, it is not a good thing, “ she says.
Read more: the top management of Ericsson is given the benefit of the other.
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