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Ericsson : Positive momentum (market, mix, costs). TP SEK 85 (vs SEK 45)
>Still some leeway to reduce costs. - -The CEO emphasised that there is still some scope to cut costs (Digital Services: operating margin at -17% in Q2 2018 vs. a target of a positive margin and Managed Services: operating margin at 6.5% in Q2 2018 vs. a target of 4-6%). 16 of the 45 contracts to be covered have been addressed (+8 in Q2 2018) in Digital Services and 33 of the 42 contracts to be dealt with in Managed Services are covered (+2 in Q2).- In this relea...
Underlying
L.M. Ericsson Telephone Co. CEDEAR
Provider
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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