Ericsson: net loss divided by five in 2018
(CercleFinance.com) - Ericsson has reported a net loss of 6.
3 billion Swedish kronor (about 610 million euros) for 2018, a loss that has been divided by five to 1.98 kronor per share.
Adjusted EPS reached 0.27 kronor, against a loss of 3.24 kronor in 2017.
At SEK 210.8 billion Swedish kronor, the telecom equipment manufacturer's revenues increased by 3% as reported and were up 1% at comparable units and exchange rates, marking its first year of organic growth since 2013.
"This is 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," Ericsson said, which will propose a dividend per share of one kronor for 2018.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3 billion Swedish kronor (about 610 million euros) for 2018, a loss that has been divided by five to 1.98 kronor per share.
Adjusted EPS reached 0.27 kronor, against a loss of 3.24 kronor in 2017.
At SEK 210.8 billion Swedish kronor, the telecom equipment manufacturer's revenues increased by 3% as reported and were up 1% at comparable units and exchange rates, marking its first year of organic growth since 2013.
"This is 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," Ericsson said, which will propose a dividend per share of one kronor for 2018.
Copyright (c) 2019 CercleFinance.com. All rights reserved.