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Ericsson reports strong gross margin development and full year profit before restructuring charges
Fourth quarter and twelve months summary
Net sales SEK 36.2 (36.7) b., full year SEK 117.7 (145.8) b.
Net income SEK 0.1 (-8.3) b., full year SEK -10.8 (-19.0) b.
Earnings per share SEK 0.01 (-0.58), full year SEK -0.69 (-1.51)
Adjusted gross margin 41.6% (32.6%) - up 5.7%-points sequentially1
Adjusted income after financial items SEK 5.5 (-2.1) b., full year SEK 2.8 (-14.0) b 2
Cash flow before financing SEK 4.6 b. - net cash SEK 27.0 b.
Restructuring charges of SEK 4.0 (6.3) b., full year SEK 16.5 (12.0) b.
Ericsson wins contract with TeliaSonera for Ethernet DSL Broadband Access
Ericsson and TeliaSonera have signed a contract for the delivery of Ericsson's Ethernet DSL Broadband Access equipment and related services.
Ericsson makes music mobile at MIDEM 2004
Ericsson, the leading telecom supplier, is a bridge between the music industry and mobile operators in helping them develop attractive mobile music and video services for consumers. Ericsson will therefore be present for the first time at MIDEM 2004, the leading international music market, to create awareness of the mobile channel as a viable choice for the music industry.
Ericsson launches humanitarian response program for north Latin America region
Ericsson and the International Federation of Red Cross and Red Crescent Societies (The Federation) have launched the Ericsson Response(TM) humanitarian assistance program to cover the northern region of Latin America. The project is the second Ericsson Response program launched in the Americas.