Ericsson Reports Q2 Growth 616013

Net sales of SEK 38.4B were up from SEK 32.6B in 2Q04, and net income increased to SEK 5.8B from SEK 5.0B

July 21, 2005

1 Min Read

STOCKHOLM -- Ericsson reports continued good development

  • Net sales SEK 38.4 (32.6) b. in the quarter, SEK 69.9 (60.7) b. first six months

  • Net income SEK 5.8 (5.0) b. in the quarter, SEK 10.5 (7.6) b. first six months 1)

  • Earnings per share SEK 0.37 (0.31) in the quarter, SEK 0.66 (0.48) first six months 1)



CEO COMMENTS

"We report yet another quarter of robust performance," says Carl-Henric Svanberg, President and CEO of Ericsson. "Our employees' impressive drive for operational excellence and responsiveness to customer needs continues to yield positive results. Technology leadership, long customer relationships and deep consumer understanding are key factors behind our leading position.

The activity level in emerging markets is accelerating, which means more people have access to communication services. In parallel, operators seek new ways of working to meet the global trends of increased tariff competition and convergence of technologies and services. We continue to focus on supporting our customers in reducing the total cost of network ownership and developing new business models. Our competitive technology and services offering is a distinct advantage in this environment.

The services area develops strongly and operators show growing interest in our offering, particularly in outsourcing of network operations, and the synergies we are able to leverage throughout the value chain. Hosting and content services are also in high demand as operators continue to develop their business to meet consumer needs," concludes Carl-Henric Svanberg.

Ericsson AB

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