- Telefonaktiebolaget LM Ericsson press release ( NASDAQ: ERIC ): Q2 GAAP EPS of SEK 1.35.
- Revenue of SEK 62.5B (+13.8% Y/Y).
- Group organic sales grew by 5% Y/Y driven by Networks in North America and Europe.
- Reported gross margin was 42.1% vs.43.4% Y/Y.
- Free cash flow before M&A was SEK 4.4B vs. SEK 4.1B Y/Y.
- Net cash on June 30, 2022, was SEK 70.3B compared with SEK 43.7B on June 30, 2021.
- Reported EBITA amounted to SEK 7.5B with an EBITA margin of 12.0%.
- Adj. EBIT amounted to SEK 7.4B with an EBIT margin of 11.8%.
- "EBITA margin rolling four quarters was 14% and we remain determined to reach our long-term target of an EBITA margin of 15–18% no later than in 2–3 years."
For further details see:
Telefonaktiebolaget LM Ericsson GAAP EPS of SEK 1.35, revenue of SEK 62.5B; issues long-term EBITA margin target