Ericsson Ups Q1 Forecast

Ericsson expects gross margins to improve above the 41.6% attained in 4Q03

April 1, 2004

1 Min Read

STOCKHOLM -- Ericsson is raising first quarter 2004 gross margin expectations. Gross margins are estimated to improve above the level of 41.6% attained in the fourth quarter 2003.

The main reason for the improvement is better than anticipated benefits of cost of sales reduction activities.

The sales outlook for the first quarter remains unchanged. Sales are expected to show a sequential decrease due to seasonality but to show moderate growth year-over-year.

First quarter results will be announced 07.30 a.m. CET, on April 23, 2004.

LM Ericsson

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