STOCKHOLM,: Mobile telecom equipment<\/a> maker Ericsson<\/a> posted an unexpected swing to a modest operating profit, saying it was boosted by growing sales traction in North America, which gave it confidence of meeting longer-term financial targets. 斯德哥尔摩:移动电信设备制造商爱立信发布一个意想不到的swing适度的营业利润,称这是由于不断增长的销售牵引在北美,这给会议长期财务目标的信心。
Ericsson said on Wednesday it had completed an annual cost savings programme by saving more than 10 billion crowns, which would increasingly be reflected in its earnings.
\"We have good market traction in Networks, with a sales growth of 2 percent, particularly in North America where all major operators are preparing for 5G,\" CEO Borje Ekholm said in a statement.
The Swedish mobile telecom gear maker has met an industry-wide downturn and mounting losses by setting a new strategy to focus on profitability over growth, swapping out most of its management and making sweeping cost cuts.
Marking its second consecutive quarter of substantial progress toward hitting its 2020 financial goals, the Swedish firm posted an operating profit of 0.2 billion crowns ($22.6 million), compared to a 0.5 billion loss a year ago. Analysts, on average, forecast a 0.1 billion loss in a Reuters poll.
The company has pledged to deliver a gross margin of 37-39 percent and an operating margin of 10 percent by 2020. Its second quarter gross margin, excluding restructuring charges, was 36.7 percent, versus 35.9 in the first quarter.
Ericsson, once the world's biggest supplier of mobile communications<\/a> gear, is facing falling spending by telecom operators, weakness in formerly fast-growing emerging markets and stiff competition from bigger telecom equipment players Huawei of China and Nokia of Finland.
Shares of Ericsson have risen around 25 percent so far this year, buoyed by progress it is showing toward meeting its 2020 financial targets, after three years of steep revenue declines.
Bolstering investor optimism are expectations that Ericsson is on the cusp of a new cycle of network upgrades as demand for next-generation 5G gear kicks in later this year or early in 2019, starting in the United States.
($1 = 8.8602 Swedish crowns) (Reporting by Olof Swahnberg and Helena Soderpalm, editing by Anna Ringstrom and Eric Auchard)
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爱立信周三表示,已完成年度成本节约计划,节省超过100亿克朗,这将越来越多地体现在其收益。
“我们有很好的市场在网络、牵引与2%的销售增长,特别是在北美所有主要运营商在哪里准备5克,”首席执行官Borje Ekholm在一份声明中说。
标记连续第二个季度达到其2020年财务目标的实质性进展,瑞典公司运营利润为02亿克朗(约合2260万美元),而一年前亏损05亿。分析师平均预计亏损01亿在路透调查。
公司承诺提供的毛利率37-39百分比,到2020年10%的营业利润率。其第二季度毛利率,不计重组费用,为36.7%,而第一季度仅为35.9。
爱立信,一旦世界上最大的手机供应商通信装备,由电信运营商面临支出下降,疲软之前快速增长的新兴市场和激烈的竞争从规模更大的中国球员华为电信设备和芬兰的诺基亚。
爱立信公司的股价已经上涨约25%,今年迄今为止,受到进步显示向会议2020年财务目标,经过三年的收入的急剧下挫。
增强投资者的乐观预期,爱立信即将新一轮的网络升级需求下一代5 g齿轮将在今年晚些时候或2019年初,开始在美国。
(1美元= 8.8602瑞典克朗)(报告Olof Swahnberg和海伦娜Soderpalm编辑安娜Ringstrom和埃里克Auchard)
STOCKHOLM,: Mobile telecom equipment<\/a> maker Ericsson<\/a> posted an unexpected swing to a modest operating profit, saying it was boosted by growing sales traction in North America, which gave it confidence of meeting longer-term financial targets.
Ericsson said on Wednesday it had completed an annual cost savings programme by saving more than 10 billion crowns, which would increasingly be reflected in its earnings.
\"We have good market traction in Networks, with a sales growth of 2 percent, particularly in North America where all major operators are preparing for 5G,\" CEO Borje Ekholm said in a statement.
The Swedish mobile telecom gear maker has met an industry-wide downturn and mounting losses by setting a new strategy to focus on profitability over growth, swapping out most of its management and making sweeping cost cuts.
Marking its second consecutive quarter of substantial progress toward hitting its 2020 financial goals, the Swedish firm posted an operating profit of 0.2 billion crowns ($22.6 million), compared to a 0.5 billion loss a year ago. Analysts, on average, forecast a 0.1 billion loss in a Reuters poll.
The company has pledged to deliver a gross margin of 37-39 percent and an operating margin of 10 percent by 2020. Its second quarter gross margin, excluding restructuring charges, was 36.7 percent, versus 35.9 in the first quarter.
Ericsson, once the world's biggest supplier of mobile communications<\/a> gear, is facing falling spending by telecom operators, weakness in formerly fast-growing emerging markets and stiff competition from bigger telecom equipment players Huawei of China and Nokia of Finland.
Shares of Ericsson have risen around 25 percent so far this year, buoyed by progress it is showing toward meeting its 2020 financial targets, after three years of steep revenue declines.
Bolstering investor optimism are expectations that Ericsson is on the cusp of a new cycle of network upgrades as demand for next-generation 5G gear kicks in later this year or early in 2019, starting in the United States.
($1 = 8.8602 Swedish crowns) (Reporting by Olof Swahnberg and Helena Soderpalm, editing by Anna Ringstrom and Eric Auchard)
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