(Finance) – Ericssona Swedish multinational active in the supply of communication technologies and services, software and infrastructures in the ICT sector, has registered a revenue amounting to 62.5 billion Swedish kronor in second quarter of 2022, up from the 54.9 billion of the previous year and above the analysts’ estimates of 61.45 billion (according to Refinitiv data). The operating profits quarterly, they rose to SEK 7.3 billion from the previous year’s 5.8 billion, missing analysts’ average forecast of 8.01 billion.
Margins were downbecause the increase in component and logistics costs and proactive investments in supply chain resilience in networks have negatively impacted.
“There our strategy aims for a higher growth trajectory as we aim to grow our core business of mobile infrastructure and capitalize on the fast growing enterprise market – said CEO Borje Ekholm – With 5G, the world is experiencing the largest innovation platform to date, where all of this that can go wireless will go wireless. ”
“Ericsson is the epicenter of this strong trend and we will continue to invest in technology leadership to ensure we take advantage of this position,” he added. The rolling EBITA margin for four quarters was 14% and we remain. determined to achieve our long-term goal of an EBITA margin of 15–18% within 2–3 years“.