Report
Mark Cash
EUR 100.00 For Business Accounts Only

5G Roll Outs, IPR Agreements, and Restructuring Efforts Bolstering Ericsson; Raising FVE to SEK 81

No-moat Ericsson's first quarter ended with 7% year-over-year organic sales growth (13% in total), driven by North American operators starting to roll out commercial 5G services. Ericsson announced higher intellectual property rights (IPR) agreements signed in the quarter, which increased the gross margin and operating profiles beyond our expectations. With a stronger growth expectation for radio networks and 5G equipment build outs coupled with Ericsson's improvements on the margin front, we ar...
Underlying
Telefonaktiebolaget LM Ericsson

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mark Cash

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