Ericsson : Q1 sales below expectations with improved gross margin. 2020-2022 targets unchanged despite a short term impact – Neutral rating maintained
>Q1 2020 sales below expectations but gross margin better, driven by favourable product mix - Revenues were SEKÂ 49.8 bn, below the Infront Data consensus estimate of SEKÂ 51.6bn, down 2% y-o-y at constant currency (cc). Reported sales increased by 2%. Network sales reached SEKÂ 35.1bn vs SEKÂ 35.7bn for the consensus (flay y-o-y at cc). It decreased by 21% q-o-q due to seasonally lower sales. Digital services posted revenues of SEKÂ 7.3bn (-9% y-o-y at cc), below the cons...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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