Ericsson Announces SEK 6.1 Billion Provisions for 4Q; Lowering FVE to SEK 62
No-moat Ericsson announced SEK 6.1 billion worth of provisions to its business support systems, or BSS, division for the fourth quarter of 2018. These provisions will impact fourth-quarter operating income results for the aforementioned amount and the majority of the impact will be seen through a gross margin decrease. SEK 3.1 billion are related to restructuring charges, and Ericsson expects an additional SEK 1.5 billion of restructuring charges in 2019. After accounting for these impacts and l...
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