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Ericsson : Neutral vs. Reduce: more positive market and solid positioning in 5G
>Another good quarter for revenues and margins - Revenues 3.9% ahead of expectations. Ericsson reported Q2 2018 revenues down a less marked -1% yoy on cc (vs -2% cc in Q1 2018). Networks revenues posted growth of +2% yoy cc in Q2 (-2% in Q1) thanks to good momentum in the US (see below). Patent revenues declined by -11% in Q2 (vs. -12% in Q1).Operating profit beat forecasts, thanks to the gross margin The adjusted gross margin beat expectations at 36.7% in Q2 (vs...
Underlying
L.M. Ericsson Telephone Co. CEDEAR
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Oddo BHF
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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