Restricted stock typically is that issued to company insiders with limits on when it may be traded. Dividend Yield A company's dividend expressed as a percentage of its current stock price. Shares Outstanding 3. Yield 1. Shares Sold Short The total number of shares of a security that have been sold short and not yet repurchased. Change from Last Percentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.

Percent of Float Total short positions relative to the number of shares available to trade. Shares Sold Short 9. Change from Last 2. Net money flow is the value of uptick trades minus the value of downtick trades. Our calculations are based on comprehensive, delayed quotes. Competitors ERIC. ADR Profile ERIC.

Employees -. Sector Networking. Sales or Revenue Industry Technology. Ronnie Leten Chairman. Actual Analyst Range Consensus. Create Watchlist …or try this starter list. Uh oh Something went wrong while loading Watchlist. Go to Watchlist. No Recent Tickers Visit a quote page and your recently viewed tickers will be displayed here. Search Tickers. ET by MarketWatch. Ericsson upgraded to market perform from underperform at Raymond James Ericsson upgraded to market perform from underperform at Raymond James Dec. ET by Tomi Kilgore. Barron's Verizon, U. ET by Barron's. Ericsson lifts long-term sales guidance Nov.

Premium Charting October volatility: ET by Michael Ashbaugh. Ericsson beats estimates as 5G gains pace Oct. Ericsson profit smashes forecasts as 5G buzz grows Oct.

ERIC Telefonaktiebolaget L M Ericsson ADR Class B Stock Quote Price | Morningstar

Ericsson to increase 5G and AI investments in U. Nokia's credit rating rises out of junk territory at Fitch Aug.

Audi, Ericsson to test 5G tech for car making Aug. Ericcson downgraded to underperform from market perform at Raymond James Jul. Dow logs longest win streak in 2 months; Nasdaq narrowly misses fresh all-time high Jul. ET by Mark DeCambre. Barron's Ericsson Earnings: Can You See 5G? European stocks close at highest level in more than a month Jul.

ET by Sara Sjolin. Ericsson shows turnaround success: Verizon CEO to retire, succeeded by a newcomer Jun.

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ET by Sarah Krouse. ET on Barron's Online. Rural U. The Internet, Divided Between the U. Huawei Faces Deepening Scrutiny in Europe The European Union is exploring ways to address security concerns about Huawei and other Chinese telecommunications-equipment suppliers, according to an EU official. Nokia Gets Small Signal Boost From 5G Nokia forecast growing, if sporadic, demand for 5G gear this year and next, but said near-term sales are likely to be flat as the Finnish telecom equipment maker struggles to emerge from years of cost cutting and profit warnings.

Huawei Brushes Off Western Concerns as It Unveils 5G Chipset Huawei unveiled a chipset for its coming folding smartphone and other 5G devices, as it pushes to be a global leader in the next-generation technology despite a growing backlash from Western governments.

Huawei Executive Is Charged With Espionage in Poland Polish authorities detained and charged a local sales director of Huawei, a Chinese national, with conducting high-level espionage on behalf of China, amid widening global scrutiny of the technology giant. Scrutiny U. At Gathering of Spy Chiefs, U.

As Huawei Pushback Grows, Samsung Will Appoint New 5G Network Chief Samsung Electronics is replacing the head of its unit that provides next-generation 5G equipment, according to people familiar with the matter, a shake-up atop a key business looking to rapidly grow sales as global pushback builds against market leader Huawei Technologies. ET on Seeking Alpha. Germany not ready to block Huawei Germany not ready to block Huawei Feb. Total assets.

Working capital. Capital employed. Gross cash. Net cash. Property, plant and equipment. Non-controlling interest. Interest-bearing liabilities and post-employment benefits. Other information. Earnings, per share, basic, SEK. Earnings, per share, diluted, SEK. Cash dividends per share, SEK. Number of shares outstanding in millions. Additions to property, plant and equipment.

Research and development expenses. Operating margin excluding joint ventures. Operating margin. EBITA margin. Cash conversion. Return on equity. Return on capital employed. Equity ratio. Capital turnover. Inventory turnover days. Trade receivables turnover. Payment readiness, SEK million.

Statistical data, year-end. Number of employees. Export sales from Sweden, SEK million. Earnings per share, diluted SEK. Operating income per share SEK 1. Cash flow from operating activities per share SEK. Dividend per share SEK 3. Share listings. Total number of shares outstanding.

Quotient value. OMX Stockholm. ERIC A. ERIC B. Trading on the exchange generally continues until 5: CET each business day. In addition to trading on the exchange there is also trading off the exchange and on alternative venues during trading hours and also after 5: The Official Price List of Shares reflects price and volume information for trades completed by the members. The NASDAQ quotations represent prices between dealers, not including retail mark-ups, markdowns or commissions, and do not necessarily represent actual transactions. Class B at last day of trading. Class B high for year June 21, Class B low for year January 4, ADS at last day of trading.

ADS high for year April 23, ADS low for year February 5, Annual high and low. Quarterly high and low. Monthly high and low. August September October November December January February Our major shareholders do not have different voting rights than other shareholders holding the same classes of shares. As far as we know, the Company is not directly or indirectly owned or controlled by another corporation, by any foreign government or by any other natural or legal person s separately or jointly. Top executives and Board members as a group 31 persons.

For individual holdings, see Corporate Governance Report. Identity of person or group 1. Investor AB. Handelsbankens Pensionsstiftelse. Skandia Liv. Swedbank Robur Fonder AB. BlackRock Fund Advisors. OppenheimerFunds, Inc. Handelsbanken Fonder AB.

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Aberdeen Asset Managers Ltd. When I summarized year , I wrote that the key future opportunities for the industry and Ericsson would be increased mobile traffic. In we saw massive data traffic uptake, driven by laptops and smartphones. The global mobile data traffic actually more than doubled. As a consequence, Ericsson saw a growing demand for mobile broadband. The telecom industry has for a very long time been characterized by rapid technology development and consolidation. Management has taken action to adapt the Company to this change and the implementation of a new organization has so far been smooth.

In , Ericsson acquired companies to the value of SEK 3. Many new employees came aboard during the year, 5, joined through acquisitions and about 1, through managed services contracts. The Board closely follows the integration of acquired businesses and the insourcing of new employees from operators via managed services contracts.

Ericsson has a well-established integration process and a culture where new colleagues quickly become a part of the Company. The Board is of the opinion that Ericsson has a well-balanced and competitive compensation structure which rewards performance. We think it is beneficial that senior executives invest in shares and we hope the new long-term variable remuneration LTV program will prove to be motivational. Ericsson has a strong financial position with net cash of SEK A strong cash position is important since it gives the Company the ability to play a role in industry consolidation and to strengthen its assets in areas such as systems integration and consulting.

At my very first Board meeting in April , Ericsson was in a quite different situation. The Company was in a financial crisis and at that meeting, we took the decision to propose a rights offering of SEK 30 billion. Since then we have paid back about SEK In the share price declined below the subscription price of SEK 3. Following the rights offering the share price saw sustained growth until Since then the share price has underperformed.

It has been an exciting journey for me to help to steer Ericsson and shape the industry during my years as Chairman of the Board. I have introduced two new CEOs and their management teams. We have seen the services part of the Company grow to represent close to 40 percent of revenues. Ericsson and the industry are now in the initial phase of rolling out mobile broadband on a large scale. It is an exciting future ahead for Ericsson. After nine years in this position it is time to hand over to my successor. I wish the new chairman and Ericsson all the best. Michael Treschow. Chairman of the Board.

The application of reasonable but subjective judgments, estimates and assumptions to accounting policies and procedures affects the reported amounts of assets and liabilities and contingent assets and liabilities at the balance sheet date as well as the reported amounts of revenues and expenses during the reporting period.

These amounts could differ materially under different judgments, assumptions and estimates. However, these measures should not be viewed in isolation or as substitutes to the IFRS measures. This report includes forward-looking statements subject to risks and uncertainties. Actual billion developments could differ materially from those described or implied.

The external auditors review the quarterly interim reports, perform audits of the Annual Report and report their findings to the Board and its Audit Committee. Unless otherwise noted, numbers in parentheses 0 refer to the previous year i. The vision of an all-communicating world is rapidly becoming a reality as there are more than 5. The Company envisions that anything that can benefit from being connected will be connected, mainly via mobile broadband. By leveraging global presence and scale as well as technology and services leadership, Ericsson will continue to be the prime driver in the telecom industry.

Global presence and scale. Ericsson has today business in more than countries. The Company is the largest provider of operator equipment and with 45, service professionals, the Company has secured scale advantages. Going forward, Ericsson intends to increase its market share in the solution areas: With its strong financial position, the Company intends to grow also through acquisitions, targeting small and medium-sized companies. Ericsson sees opportunities to increase its footprint, i. By outperforming its competitors, there is an opportunity for the Company to grow footprint by achieving a larger part of a roll-out project than initially assigned by the customer.

Market indicators. In understanding where the market is heading, Ericsson follows different drivers. For segment Networks the Company monitors the traffic development in the networks and the evolution of the installed equipment. These parameters vary between countries and regions.

Of the telecom part, about percent is designated for telecom equipment. Accordingly, operator capital expenditure can therefore decrease without necessarily impacting Ericsson sales. Multimedia is more fragmented, with a number of parameters for different parts of the business. Business mix. Rolling out a new network, increasing coverage, or modernizing a network, means deploying hardware, i. These projects are often won in open tenders in a highly competitive environment.

These upgrades normally provide the Company with more even revenue streams.

Technology leadership. The objectives are to deliver superior performance and to be the thought leader in the industry. Research and development. More than 20, people work in developing products and solutions. All research is closely connected to future solutions and products. The applied research usually targets products that will reach the market within three to five years. Research performed in the areas of multimedia and user services target products and solutions which are closer in time. An agile engineering method has been implemented, allowing quick response to market changes.

The new ways of working as well as product packaging, enable online delivery of software, and new customization possibilities. The strategy to develop software-based solutions also means new business models in the customer engagement, such as software subscription or software-as-a-service. The research activities are performed in-house as well as in collaboration with research institutes and universities.

An essential part of the research work is performed in parallel with standardization work. Standardization is performed together with peers in different industry bodies. Open standards are a foundation for the industry in order to secure ecosystems and interoperability. To speed up the transfer of knowledge and research concepts into product development, research engineers responsible for the initial project usually move along to the product development units.

To fill the gap in the research organization, Ericsson continuously recruits talented research engineers with the task to take on new projects. However, when developing new services or applications other project models have been created with shorter lead-times, sometimes only a few months. In order to shorten the time from idea to product, Ericsson has introduced beta tests with up to 1, users trying out new services and applications. A focus area for Ericsson is now how to support the commercialization of these ideas into new solutions.

Return on investment is calculated as net present value for the different projects. Intellectual property rights and licensing. The Company is of the opinion that it has access to all essential patents that are material to the business in part or in whole. Services leadership. The Company provides managed services, consulting and systems integration, customer support and network rollout. The services organization, with its broad skills and experiences, provides a competitive advantage for sales of infrastructure.

Drawing on the experiences gained in providing services related to the infrastructure business, the Company is also able to offer new, more advanced and stand-alone services, such as managing data centers. A key area is to develop new business models such as network sharing and new ways of bundling technology and services. The Company has over the years strengthened its competence in services through the insourcing of staff from telecom operators and acquiring small and medium-sized companies in the field of consulting and systems integration.

Moving into new industry segments. Ericsson has in taken the decision to increase its efforts to approach customers in new segments, such as governments, health industry, transport and utilities. Guiding principles. Customer intimacy; highly qualified employees working closely with the customer to create effective solutions.

Continuous process improvements and innovation in all areas. Scale in delivery and technical solutions. Meeting demand for mobile broadband worldwide. The business focus in has been to provide operators with mobile broadband. The most obvious driver of this development was the massive data traffic growth, especially in the US and Japan. Recently introduced mobile devices such as smartphones and tablets drive data traffic and the need for higher speeds and enhanced capacity in the networks.

Telefon AB L.M. Ericsson ADR

Telecom operators across the world see an increasing part of their revenues emerging from data, although voice still is the main source for sales revenues. For some operators in Japan, mobile data represents more than 50 percent of total revenues. In many countries, such as the US, operators have introduced tiered pricing for mobile data services, further spurring demand for data services. In addition, quality of service has become a differentiator for operators, driving investments for expansions and upgrades.

For Ericsson, this resulted in an increasing demand for mobile broadband and quicker than expected ramp-up of volumes of the new radio-base station RBS During the first half of , Ericsson was still impacted by the cautious operator investments that started in the second half of The Company also put a lot of focus on mitigating the effects of the industry-wide component shortage that occurred mid While the supply of components has now normalized, we are still not fully meeting the increased demand on certain mobile broadband products.

The total global number of mobile subscriptions is 5.

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Ericsson expects the strong uptake for mobile broadband to continue in Already in , the number of mobile broadband subscriptions is expected to hit one billion. This development is mainly driven by the use of smartphones. Devices with embedded modules such as tablets are also expected to show continuously strong growth. Increasing market share. In , focus was also on increasing footprint in Europe and to secure footprint in the rollout of 3G networks in India.

In Europe, approximately , radio-base stations are expected to be replaced. These base stations were installed before and consume 30 percent more energy than new equipment. Since energy represents a significant part of the total operating expenses of a radio site, replacement is a good business case. Ericsson has seen the initial modernization of networks in Europe and has so far managed to gain contracts in countries where the Company previously had a weaker position. Ericsson has in general a lower market share in Europe than in the rest of the world.

This was a result of the 3G rollouts that took place in Europe approximately eight years ago. Ericsson was then in a financially turbulent situation and lost out on certain 3G deals. In India, 3G rollouts started in and Ericsson has maintained a market share in line with its 2G position. Ericsson also acquired companies to strengthen its market position: These two businesses were not consolidated in Ericsson invested SEK The increase is mainly a result of consolidation of acquired companies. Current radio research focus is on ensuring that radio networks can handle the massive data growth that we have experienced since introducing mobile broadband technologies.

The Company believes it holds approximately 25 percent of all essential patents in LTE. Increasing services business. The year was also characterized by further acquisitions. The Company acquired companies in the area of consulting and systems integrations: Pride in Italy with 1, employees. InCode, a US strategy and consulting firm with 45 employees. Optimi, a US-Spanish network management and optimization company with employees.

Competence and skills. Ericsson introduced a new go-to-market model in The Company set up ten regions, replacing the former 23 market units. The regions approach customers with solutions, covering services, software and hardware. By this, Ericsson will move from a product-led to a solutions-led sales approach, selling the full breadth of the portfolio. The Company also started up projects in the regions, developing solutions for new customer segments.

In , 5, individuals joined Ericsson through acquisitions and about 1, through managed services contracts. Approximately 5, were made redundant and 6, were recruited. The vast majority of recruitments took place in India, China and Brazil. Half of the workforce, 45, people, are service professionals. Shareholder value creation. Grow faster than the market. The Company is the largest provider of operator equipment. When including CDMA in the operator equipment market, Ericsson increased its market share in due to the acquired Nortel business.

In professional services, the company is estimated to have kept or slightly increased its market share. The overall market position for segment Multimedia is difficult to assess, as the market is fragmented. Best- in-class operating margin. Cash conversion of over 70 percent. Cash conversion is defined as cash flow from operating activities divided by net income reconciled to cash. Growth in JV earnings. ST-Ericsson is on its way of completing the transition program and has new products coming. Other performance indicators.

Ericsson believes that satisfied customers and motivated employees are key to success. Customer satisfaction. Every year, an independent customer satisfaction survey is performed. In , approximately 10, representatives, in different professions, of Ericsson customers around the world were polled to assess their satisfaction with Ericsson, compared to its main competitors.

Over the past five years, Ericsson has maintained a level of excellence. The goal is to increase this level further. Employee engagement. In Ericsson began measuring motivation among its employees. This survey is conducted by an independent company. This is a high level, but as with customer satisfaction, the objective is to further increase employee engagement and motivation. SEK billion. Cost of sales. Gross income. Operating expenses. Other operating income and expenses. Operating income before share in earnings of JVs and associated companies.

Share in earnings of JVs and associated companies. Financial income and expense, net. Financial results of operations. Growth of sales, operating margin and net income are the overriding targets. In , sales did not increase despite the strong demand for mobile broadband in the second half of the year. However, net income improved significantly, mainly due to improvements in Sony Ericsson earnings and less restructuring charges.

For , the main objectives remain. To achieve these targets, an essential ingredient is a continued focus on cost and internal efficiency work. The cautious operator investments that started to impact in the second half of continued during the first half In the second half of demand for mobile broadband started to increase.

During part of the year, the Company struggled with the industry-wide component shortage. At year end, the supply of components had normalized. Despite necessary inflow of components, the Company could at year-end not fully meet the increased demand on certain mobile broadband products. In , voice related sales decreased and the increase in demand for mobile broadband products and services could not fully compensate for that decline.

Sales were also negatively impacted by the strong SEK. The increase in hardware is a result of demand for mobile broadband products. In the short term, the software share might continue to decrease due to a higher portion of projects with a lot of hardware. Longer term, the software part should increase following more expansions and upgrades of networks. This is mainly a result of the seasonal purchase patterns of network operators.

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Sequential change. Share of annual sales. Gross margin. Cost of sales was also reduced as a result of efficiency work. The amount might fluctuate due to currency exchange rate effects. The amount was SEK In the year, there were positive effects from efficiency work along with the strong SEK. However, costs for the integration of acquired companies impacted negatively. The Company also conducted a growing number of LTE trials across the world which increased selling and administrative expenses.

Operating margin before JVs. Share in earnings of JVs. Sony Ericsson returned to profit in , after two years of losses. The turnaround has been possible thanks to restructuring and a streamlined product portfolio focused on higher-end smartphones. ST-Ericsson is still reporting a loss. The company is on its way of completing the transition program and has new products coming. Operating income increased significantly, due to improved earnings in Sony Ericsson. The difference is mainly attributable to a negative impact of around SEK 0. The tax expense for the year was SEK 4.

The tax rate may vary between years depending on business and geographic mix. The tax rate excluding joint ventures and associated companies was Net income increased SEK 7. Earnings per share, diluted. Earnings per share increased by SEK 2. Restructuring charges. Total restructuring charges were SEK 6. Cash outlays was SEK 3. A cost reduction program was initiated in and completed by the second quarter Charges of SEK 4. In the second half of the year, an additional SEK 2.

These charges primarily relate to efficiency activities in service delivery, product development and administration. At the end of the year, cash outlays of SEK 3. In , restructuring charges of approximately SEK 2 billion are estimated. Expenses SEK billion 1. As percent of Net sales. Patents 2.

Non-current assets, total. Current assets, total. Non-current liabilities. Current liabilities. Total equity and liabilities 1. By maintaining a strong cash position, the Company can also maintain an active strategy for mergers and acquisitions. During , Ericsson made five acquisitions and strengthened its market position in the USA and Korea along with adding competencies in consulting and systems integration. An important focus area is the release of working capital. Major efforts have been made during the year in order to reduce days sales outstanding and inventory turnover days as well as to increase payable days.

The target for inventory turnover days was not met, while the other two were achieved. The efforts to release further working capital will continue in At year end, the strong SEK impacted net operating assets positively when translating assets denominated in foreign currencies into SEK. In , the dividend was SEK 2. When considering the level of dividend, the Board of Directors take into account the need to secure a continued strong cash position as well as capital needed in order to secure a healthy business going forward. Current assets. Inventory levels have been higher than expected due to the industry-wide component shortage and supply chain bottlenecks.

At year end, inventory was SEK The higher inventory level followed a higher level of work in progress in the regions. This was an effect from delayed project implementations within network rollout due to the component shortage earlier in the year. Effects from component shortage and supply.

The target of inventory turnover days less than 65 days was not reached and improvement efforts will continue in Trade receivables: The improvement was mainly due to a strong collection and positive effects from a stronger SEK. Net cash increased to SEK Read more about changes in cash on page Equity increased by SEK 5. Net income was SEK Return on equity increased to 7.

Return on capital employed ROCE improved to 9. Excluding restructuring charges, ROCE would have been Post-employment benefits related to defined benefit plans declined to SEK 5. The year was characterized by a general increase in discount rates and plan assets yielded higher than expected. Provisions declined to SEK 9. SEK 3. The cash outlays of provisions were SEK 7. The lower amount of provisions is mainly a result of business mix with more upgrades and expansions.

There is also an effect of improved project management as well as geographical mix. Provisions will fluctuate over time, depending on business mix, market mix and technology shifts.