Report
Stephane Houri

Ericsson : Les ‘contrats stratégiques’ en Asie vont peser sur la marge au minimim durant S2 2019. OC revu en baisse à 80 SEK

>Opinion Neutre réitérée, prévisions révisées en baisse de 11% et OC revu à 80 SEK (vs 95 SEK auparavant) - Suite à la publication des résultats du T2 2019, clairement en dessous des attentes au niveau de l’EBIT et du BPA, accompagnés d’un message négatif sur les marges des contrats stratégiques sur le S2 (malgré un maintien des objectifs de marge 2020 de 10% et 2022 de 12%), nous abaissons nos prévisions de 11%, ainsi que notre OC par DCF à 80 SEK (vs 95 SEK auparava...
Underlying
Telefonaktiebolaget LM Ericsson Class B

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.

Provider
Oddo BHF
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.

Analysts
Stephane Houri

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