Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson AB    ERIC B   SE0000108656

ERICSSON AB

(ERIC B)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Nokia CEO sees possible benefits from Huawei tensions

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/21/2019 | 10:58am EDT
FILE PHOTO: Rajeev Suri, Nokia's President and Chief Executive Officer, speaks during the Mobile World Congress in Barcelona

HELSINKI (Reuters) - Nokia Chief Executive Rajeev Suri said on Tuesday the company could benefit from a U.S. clampdown on Chinese rival Huawei as the race to roll out 5G services heats up.

Asked about the regulatory problems facing Huawei, he told investors: "Perhaps there is long term opportunity but more than that, it's hard to say at this point."

Analysts expect Nokia and its Swedish peer Ericsson to benefit from tensions between the United States and Huawei, the largest supplier of mobile network technology.

Nokia last month reported a surprise quarterly loss after it failed to supply 5G telecoms equipment in time.

Suri acknowledged the company had been a little slow in getting 5G technology up and running, citing merging its own technology plans with those of acquired Alcatel-Lucent as a reason.

"We are late in 5G by a few weeks to a couple of months," Suri told the Finnish company's annual shareholder meeting.

Nokia said it has won one additional commercial 5G contract since it reported first quarter earnings in late April.

"We are winning deals and rolling out some of the world's first 5G networks," Suri said.

"We now have 37 5G commercial contracts - 20 with named customers including T-Mobile, AT&T, STC, and Telia - and more than half of them include wider portfolio elements that our competitors cannot match," he added.

Suri told investors he remained confident the company would reach its annual financial guidance. Nokia repeated in April its forecast for 2019 underlying diluted earnings per share of 25-29 euro cents, and non-IFRS operating margin of 9-12%.

Shares in Nokia were up 1.9 percent in late trading in Helsinki.

(Reporting by Anne Kauranen; Writing by Tarmo Virki; Editing by Keith Weir)

Stocks treated in this article : Ericsson AB, Nokia Oyj
Stocks mentioned in the article
ChangeLast1st jan.
5G NETWORKS LIMITED -4.26% 0.9 End-of-day quote.123.81%
ERICSSON AB -0.25% 88.74 Delayed Quote.14.17%
NOKIA OYJ 0.00% 4.714 Delayed Quote.-6.28%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ERICSSON AB
10/18EXCLUSIVE : Huawei in early talks with U.S. firms to license 5G platform - Huawe..
RE
10/18TELEFONAKTIEBOLAGET LM ERICSSON PUBL : Ericsson modernizes Hydro-Quebec's networ..
AQ
10/18Investor AB Posts Third Quarter Shareholder Return of 8%
DJ
10/18TELEFONAKTIEBOLAGET LM ERICSSON PUBL : Korea's LG U+ selects Ericsson as a 5G RA..
AQ
10/17Communications Services Up After Netflix, Ericsson Earnings - Communications ..
DJ
10/17NEWS HIGHLIGHTS : Top Company News of the Day
DJ
10/17EUROPE : Tempered Brexit hopes drag European stocks into red
RE
10/17ERICSSON : ADRs Up 5.4% After Quarterly Results
DJ
10/17NEWS HIGHLIGHTS : Top Company News of the Day
DJ
10/17NEWS HIGHLIGHTS : Top Company News of the Day
DJ
More news
Financials (SEK)
Sales 2019 227 B
EBIT 2019 17 015 M
Net income 2019 3 057 M
Finance 2019 23 396 M
Yield 2019 1,32%
P/E ratio 2019 118x
P/E ratio 2020 17,4x
EV / Sales2019 1,19x
EV / Sales2020 1,13x
Capitalization 294 B
Chart ERICSSON AB
Duration : Period :
Ericsson AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ERICSSON AB
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 97,86  SEK
Last Close Price 88,74  SEK
Spread / Highest target 29,6%
Spread / Average Target 10,3%
Spread / Lowest Target -13,2%
EPS Revisions
Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Chief Technology Officer & Senior Vice President
Torbjörn Nyman Director
Sector and Competitors
1st jan.Capitalization (M$)
ERICSSON AB14.17%30 336
CISCO SYSTEMS7.80%199 656
FOXCONN INDUSTRIAL INTERNET CO., LTD.31.23%42 650
NOKIA OYJ-6.28%29 438
MOTOROLA SOLUTIONS52.16%29 267
ARISTA NETWORKS13.64%18 510