It is mainly attributed to covid-19 restrictions and the increased trade rivalry between the US and China.
“While our unit business was severely impacted, our ICT infrastructure business enjoyed continued steady growth,” the company’s rotating chairman Ken Hu said in a statement.
Turnover for the second quarter was SEK 255 billion, which is an increase of 1 percent compared to the same period last year. It is the first time the company’s turnover has increased since 2020.