Ericsson LM Announces Q3 2024 Report

TL;DR

Ericsson dropped its Q3 2024 report today, check it out.

AI Summary

Ericsson LM Telephone Company announced its third quarter 2024 report on October 15, 2024. The filing is a Form 6-K, indicating it's a report of a foreign issuer.

Why It Matters

This filing provides investors with the latest financial performance data for Ericsson, crucial for understanding the company's current operational health and future prospects.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) providing quarterly results, not a significant event like an acquisition or major legal issue.

Key Players & Entities

• Ericsson LM Telephone Company (company) — Registrant
• October 15, 2024 (date) — Filing Date
• Third quarter report 2024 (document) — Subject of the filing

FAQ

Filing Documents

• d840682d6k.htm (6-K) — 2021KB
• g840682dsp02.jpg (GRAPHIC) — 3KB
• 0001193125-24-237284.txt ( ) — 2026KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. T ELEFONAKTIEBOLAGET LM E RICSSON (publ) By: /s/ STELLA MEDLICOTT Stella Medlicott Senior Vice President, Chief Marketing and Communications Officer By: /s/ LARS SANDSTRÖM Lars Sandström Senior Vice President, Chief Financial Officer Date: October 15, 2024 Table of Contents Third quarter report 2024 Strategic highlights solid progress on both strategic and operational priorities Increased momentum in programmable networks, mobile network contract wins in multiple markets. Global supply of Network APIs secured with JV agreed between leading mobile network operators and Ericsson. Further 5G patent licensing agreement signed in Q3, IPR revenues expected to reach at least SEK 13 b. in 2024. Financial highlights strong growth in North America and continued gross margin expansion Sales declined by -1%* YoY, with strong growth in market area North America of 55%* offset by declines in most other market areas. Reported sales were SEK 61.8 (64.5) b. Adjusted 1 gross income increased to SEK 28.6 (25.3) b. driven by a strong expansion in Networks adjusted 1 gross margin to 48.7% (39.9%). Reported gross income was SEK 28.2 (24.7) b. Adjusted 1 gross margin was 46.3% (39.2%) mainly due to market mix, commercial discipline, and cost actions. A customer settlement and increased IPR revenues also contributed. Reported gross margin was 45.6% (38.4%). Adjusted 1 EBITA was SEK 7.8 (4.7) b. with a 12.6% (7.3%) margin, benefiting from higher gross income and cost reduction actions, partly offset by targeted investments in R&D. EBITA was SEK 6.2 (3.8) b. Net income was SEK 3.9 (-30.5) b. EPS diluted was SEK 1.14 (-9.21). Free cash flow before M&A was SEK 12.9 (-0.5) b. benefiting from strong inventory management and market mix. Börje

Financial statements and other information for Alternative performance measures

Financial statements and other information for Alternative performance measures. Group results SEK b. Q3 2024 Q3 2023 YoY change Q2 2024 QoQ change Jan-Sep 2024 Jan-Sep 2023 YoY change Net sales 61.8 64.5 -4 % 59.8 3 % 175.0 191.5 -9 % Organic sales growth ¹ -1 % -7 % Gross income 28.2 24.7 14 % 25.8 9 % 76.7 73.0 5 % Gross margin 45.6 % 38.4 % 43.1 % 43.8 % 38.1 % Research and development (R&D) expenses -13.1 -11.9 -14.9 -39.6 -37.6 Selling and administrative expenses -9.4 -9.6 -23.1 -41.1 -29.4 Impairment losses on trade receivables 0.1 -0.1 -0.1 -0.3 -0.5 Other operating income and expenses 0.0 -32.0 -1.3 0.7 -31.7 Share in earnings of JV´s and associated companies 0.0 0.0 13 % 0.0 -45 % 0.1 0.1 -11 % EBIT (loss) 5.8 -28.9 -13.5 -3.6 -26.2 EBIT margin ¹ 9.3 % -44.8 % -22.6 % -2.1 % -13.7 % EBITA ¹ 6.2 3.8 62 % 2.4 156 % 13.5 8.2 65 % EBITA margin ¹ 10.0 % 5.9 % 4.1 % 7.7 % 4.3 % Financial income and expenses, net -0.5 -0.7 -0.4 -1.3 -2.1 Income tax -1.4 -0.9 2.9 0.5 -1.3 Net income (loss) 3.9 -30.5 -11.0 -4.5 -29.5 Restructuring charges -1.6 -0.9 -1.6 -3.4 -5.0 Adjusted financial measures ¹ Adjusted gross margin 46.3 % 39.2 % 43.9 % 44.4 % 39.1 % Adjusted EBIT (loss) 7.3 -28.0 -11.9 -0.3 -21.2 Adjusted EBIT margin 11.9 % -43.5 % -19.9 % -0.1 % -11.1 % Adjusted EBIT excluding impairments ² 7.3 3.9 88 % 3.2 127 % 14.9 10.7 38 % Adjusted EBIT margin excluding impairments ² 11.9 % 6.0 % 5.4 % 8.5 % 5.6 % Adjusted EBITA 7.8 4.7 64 % 4.1 91 % 16.9 13.2 28 % Adjusted EBITA margin 12.6 % 7.3 % 6.8 % 9.7 % 6.9 % 1 Non-IFRS financial measures are reconciled at

View Full Filing

View this 6-K filing on SEC EDGAR