Ericsson : Feedback from CMD: Forget 2023 and focus on 2024?
>Underperform rating maintained head of a challenging 2023 - After Ericsson’s CMD yesterday in New York, we reiterate our Underperform rating with a target price unchanged at SEK 60. The group firmly reiterated its long-term target to achieve an EBITDA margin of 15-18% in 2024, which the consensus has yet to validate. This therefore came as a welcome surprise. However, Ericsson also indicated that it only expects to achieve the low end of the target, which is more neg...Ericsson provides communications technology and services. Co.'s services, software and infrastructure – especially in mobility, broadband and the cloud – enable the telecom industry and other sectors to do business, increase efficiency, improve the user experience and capture new opportunities. Co. has more than 110,000 professionals and customers in more than 180 countries. Co. provides support for networks with more than 2.5 billion subscribers. Co.'s core business areas are called Radio, Core and Transmission and Telecom Services. Co. divides its operations into three business segments: Networks, Global Services and Support Solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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