Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
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 newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Telefonaktiebolaget LM Ericsson : Ericsson and Telefonica to make 5G car manufacturing a reality for Mercedes-Benz

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/28/2019 | 05:34am EDT

Ericsson is teaming up with Telefonica Germany to enable 5G car production via a private 5G network for Mercedes-Benz at the company's Sindelfingen plant in southern Germany.

Mercedes-Benz artist impression of 5G car production plant

Pic credit: Mercedes-Benz

All production systems and machines in the new-build Factory 56 will be connected and operated via secure 5G with gigabit data rates and almost real-time latency times while handling large amounts of data. The 5G network will enable Mercedes-Benz to boost flexibility, production precision and efficiency as industry digitalization and Internet of Things becomes a reality in car production.

The 5G network will facilitate data linking or product tracking on the assembly line. All processes will be optimized and made more robust, and if necessary, be able to be adapted at short notice to fit market requirements.

As a private 5G network, the intelligent connecting of production systems and machines in Factory 56 will be done in a secure way.

Ericsson and Telefonica Germany are building the network in the 20,000sq m complex, comprising solutions from Ericsson's Private Networks offerings and will hand over to Mercedes-Benz upon completion for operation.

Mercedes-Benz says experiences gained from Factory 56 will be incorporated into plans for future 5G implementation in other plants.

Jorg Burzer, Member of the Divisional Board of Management of Mercedes-Benz Cars, Production and Supply Chain, says: 'As the inventor of the car, we are taking digitalization in production to a whole new level. With the installation of a local 5G network, the networking of all production systems and machines in the Mercedes-Benz Cars factories will become even smarter and more efficient in the future. This opens up completely new production opportunities.'

Markus Haas, CEO, Telefonica Germany, says: 'We are starting the 5G era for Germany as an industrial location and are building the most modern mobile network for one of the most modern automobile factories in the world.'

Arun Bansal, President and Head of Europe & Latin America, Ericsson, says: '5G is about to change manufacturing as we know it through secure and almost real-time connectivity that will result in transformative productivity, speed and efficiency improvements. The car industry will be among the first to benefit, as will be the case with Mercedes-Benz where we are working closely with the company and Telefonica to put our 5G private network technology leadership into practice in Sindelfingen.'

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON AB 1.29% 80.4 Delayed Quote.3.18%
TELEFONICA 1.03% 6.006 End-of-day quote.-18.16%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ERICSSON AB
08/15TELEFONAKTIEBOLAGET LM ERICSSON : Ericsson and Vodafone bring 5G hologram to Vod..
AQ
08/12TELEFONAKTIEBOLAGET LM ERICSSON : Ericsson-Russia's first 5G zone deployed in Mo..
AQ
08/09China's Huawei to invest $800 million in new Brazil factory
RE
08/07EXCLUSIVE : China warns India of "reverse sanctions" if Huawei is blocked - sour..
RE
08/06TELEFONAKTIEBOLAGET LM ERICSSON : Ericsson and Elisa pilot private networks in F..
AQ
08/06TELEFONAKTIEBOLAGET LM ERICSSON : Ericsson and Vodafone bring 5G to Germany
AQ
08/01TELEFONAKTIEBOLAGET LM ERICSSON : Ericsson helps T-Mobile make first standalone ..
AQ
07/30TELEFONAKTIEBOLAGET LM ERICSSON : Ericsson-Inspiring a new generation of girls i..
AQ
07/26TELEFONAKTIEBOLAGET LM ERICSSON : IIT Kanpur and Ericsson partner to address the..
AQ
07/25Nokia beats forecasts as 5G sales start to kick in
RE
More news
Financials (SEK)
Sales 2019 224 B
EBIT 2019 20 824 M
Net income 2019 9 792 M
Finance 2019 21 948 M
Yield 2019 1,54%
P/E ratio 2019 27,1x
P/E ratio 2020 17,5x
EV / Sales2019 1,09x
EV / Sales2020 1,01x
Capitalization 266 B
Chart ERICSSON AB
Duration : Period :
Ericsson AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ERICSSON AB
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 95,45  SEK
Last Close Price 80,40  SEK
Spread / Highest target 54,8%
Spread / Average Target 18,7%
Spread / Lowest Target -14,2%
EPS Revisions
Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Senior Vice President & Chief Technology Officer
Torbjörn Nyman Director
Sector and Competitors
1st jan.Capitalization (M$)
ERICSSON AB3.18%27 236
CISCO SYSTEMS6.74%197 984
FOXCONN INDUSTRIAL INTERNET CO LTD23.90%40 316
MOTOROLA SOLUTIONS50.66%28 485
NOKIA OYJ-7.89%28 444
ARISTA NETWORKS4.97%16 608