Earlier this morning, Ericsson posted improving 2018Q4 and full year 2018 results. Ericsson reported a quarterly net loss of 6.55 billion Swedish kronor ($723.3 million) from a previous loss of SEK18.48 billion as sales rose 10% to SEK63.81 billion. For the full year, they reported a net loss of SEK6.3 billion, down from a loss of SEK34.7 billion.
Sales showed full-year organic sales growth for the first time since 2013. Börje Ekholm, President and CEO of Ericsson credited “This partly due to an improved market, but also driven by market share gains in Networks as a result of a more competitive radio product portfolio.”
In a promising sign for the wireless industry, Ekholm further credited improved results “partly due to a higher than anticipated activity level in North America driven by increased 5G demand among the US operators.”
Investors reacted positively with shares up 2% midday in Stockholm.
Ericsson’s release can be seen at https://www.ericsson.com/en/press-releases/2019/1/ericsson-reports-fourth-quarter-and-full-year-results-2018