Q2 Ericsson’s revenue in 2021 fell 1% year on year From Ericsson financial report
The following is the Q2 Ericsson’s revenue in 2021 fell 1% year on year From Ericsson financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.
According to reports, Ericsson today released its financial report for the second quarter of 2021. Due to its poor performance in the Chinese market, Ericsson’s revenue fell by 1% year on year this quarter. Affected by this, Ericsson’s share price fell 9% in pre market trading today. In the second quarter of this year, Ericsson’s net sales amounted to SEK 54.9 billion (about US $6.329 billion), down 1% from SEK 55.6 billion in the same period of last year, and up 10% from SEK 49.8 billion in the first quarter of this year.
The gross profit margin was 43.4%, up from 37.6% in the same period last year and 42.8% in the first quarter of this year.
Net profit was SEK 3.9 billion (US $450 million), up 51% from SEK 2.6 billion in the same period last year and 23% from SEK 3.2 billion in the first quarter of this year.
Diluted earnings per share were SEK 1.10 (US $13 million), up 49% from SEK 0.74 in the same period last year and 15% from SEK 0.96 in the first quarter of this year.
“Our strong business performance continues, with organic sales up 8% in the quarter,” said Ericsson president and CEO B ΓΌ RJE ekholm. With our competitive 5g product portfolio and cost structure, we will continue to maintain a strong position in the market. “
In the second quarter, Ericsson’s sales in Chinese mainland fell by 2 billion 500 million kronor compared with the same period last year. Ericsson is also cautious about its future prospects. Affected by this, Ericsson’s share price fell 9% today.
In addition, Ericsson announced today that it has signed a landmark multi-year agreement with Verizon, the US operator, to provide industry-leading 5g solutions to accelerate the deployment of Verizon’s world-class next-generation 5g network in the US. The total amount of the contract is US $8.3 billion.
More reading: Ericsson financial report: 2015 Q2 Ericsson net sales 60.7 billion SEK, a year-on-year increase of 11%. Ericsson financial report: 2018 Q3 Ericsson net profit 723 million US dollars, year-on-year loss narrowed Ericsson financial report: 2017 Q4 Ericsson net loss 2.41 billion US dollars Ericsson financial report: 2018 Q1 Ericsson net loss 86 million US dollars Ericsson financial report: 2014 Q2 Ericsson net profit 400 million US dollars Ericsson financial report: 2016 Q1 Ericsson revenue of $6.4 billion, a year-on-year decline of 2.4% Ericsson financial report: 2015 Q3 gross profit margin of 33.9%, a year-on-year decline of 1.3% Ericsson financial report: 2014 Q3 Ericsson net profit of $360 million, a year-on-year decline of 9.4% Ericsson financial report: 2016 Q3 Ericsson profit of SEK 300 million, a year-on-year decline of 93% Ericsson financial report: 2016 Q2 Ericsson net profit Ericsson financial report: net profit of Q4 Ericsson in 2015 was US $820 million, up 68% year on year. Ericsson financial report: revenue of Q3 Ericsson in 2013 was SEK 53 billion, down 2.9% year on year. Ericsson financial report: revenue of Q4 Ericsson in 2012 was SEK 66.9 billion (about US $10.53 billion), up 5% year on year. Ericsson financial report: profit of Q3 Ericsson in 2012 decreased 42% Ericsson financial report: 2014 Q1 Ericsson Revenue $7.2 billion, down 9% year on year
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