Ericsson Non At The Begin Of The End, Ceo Insists
You tin strength out depict your ain conclusions most Ericsson CEO January Frykhammar maxim “this is absolutely non the commencement of the halt for Ericsson.” Those remarks came inwards the context of a alert that “business effect for the tertiary quarter 2016 volition endure significantly lower than companionship expectations.”
In the firstly one-half of 2016, amongst postulate for mobile broadband products has been negative. Sales declined past times xiv per centum twelvemonth over year, spell gross turn a profit margin declined 34 percent.
Ericsson said “business effect for the tertiary quarter 2016 volition endure significantly lower than companionship expectations,” driven past times macro-economic toughness inwards about markets, every bit good every bit completion of about mobile network upgrades inwards Europe.
Ericsson did non specifically elevate contest from either Huawei or Nokia Networks, simply many volition nation that besides is business office of the problem.
Metric | Q316 | Q315 | YoY change | Q216 | QoQ change |
Sales | 51.1 | 59.2 | -14% | 54.1 | -6% |
Sales inwards Networks segment | 23.3 | 28.8 | -19% | 26.8 | -13% |
Gross income | 14.5 | 20.1 | -28% | 17.5 | -17% |
Gross margin | 28.3% | 33.9% | - | 32.3% | - |
Operating expenses | -14.1 | -14.9 | -6% | -14.5 | -3% |
Operating income | 0.3 | 5.1 | -93% | 2.8 | -88% |
Income inwards Networks segment | -0.3 | 2.8 | -109% | 1.6 | -116% |
Operating income excluding restructuring charges | 1.6 | 6.1 | -73% | 3.8 | -58% |
Over the past times several decades, many erstwhile big build names inwards telecommunication accept disappeared, every bit the global manufacture has consolidated. One mightiness indicate to Nortel together with Lucent, for example, every bit the most-obvious examples.
Some seem to endure thinking Ericsson could endure next.
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