Ericsson : Not so much growth but the more regular control of margins that is positive. Target price raised to SEK 100 vs SEK 95
>Q2 2020 results above forecasts, thanks to a better control of margins, an anticipated resumption in the US and an upturn in licence revenues - On Friday, Ericsson published its Q2 2020 (link to our initial reaction). Sales were SEKÂ 55.6bn, just stable at constant currency, i.e. 1.5% above the consensus. The adjusted gross margin was 38.2%, i.e. 270bp above the consensus at 35.5%, despite the negative effect of strategic contracts in China. Indeed, the consensus made...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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