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Ericsson posts operating profit owing to market traction in North America and annual savings program

July 18, 2018
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Equipment manufacturer, Ericsson has posted an operating profit of 0.2 billion crowns, compared to a loss of 0.5 billion crowns a year ago. This is mainly owing to increased sales in North America. Additionally, the company recently completed an annual cost savings programme by saving more than 10 billion crowns which would also reflect in its earnings.

The company has good market traction in networks, as reflected by sales growth of two per cent, particularly in North America where all major operators are preparing for the commercial roll out of 5G.

Moreover, the company now has a new strategy of profitability over growth by replacing most of its management and cost-cutting.  The company aims to reach a gross margin of 37-39 per cent and an operating margin of 10 per cent by 2020.

 
 
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