Ericsson : Proactive approach to securing chip stocks, which has a short-term impact on margins, but strengthens the outlook
>Q1 results impacted by costs related to the exclusion of Russia and a proactive approach to securing chip stocks - Despite Q1 2022 sales beating expectations, Ericsson reported lower-than-forecast earnings due to: 1/ a SEK 900m provision following the suspension of operations in Russia; 2/ the deferral of the recognition of revenue from a software contract for SEK 1bn from Q1 to Q2; and 3/ higher R&D costs. Sales came in at SEK 55.1bn, beating the consensus of SEK 53...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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