ERIC B

Ericsson

Market Cap 272,733.6M

Ericsson, with a history of over 140 years and operations in 180 countries, is one of three large global players in the mobile networks market. Ericsson’s main business areas are Networks (mainly mobile), Digital Services, Managed Services and Other, with the first two areas responsible for the majority of revenues. Ericsson had a turnover in 2017 of roughly SEK 201 billion and an adjusted EBIT margin of around 1%. Ericsson has faced a tough market in recent years, with negative growth triggering major cost cutting, divestment of Sony Mobile and EMP/modems, and changes in senior management. This has also activated investments in new growth areas such as Cloud Services, IP Networks, TV/Media, OSS/BSS and Industry/Society. However, these new areas have not performed well. Ericsson is headquartered in Kista (Stockholm), Sweden, and has roughly 94499 employees. The company’s share is listed on NASDAQ.

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