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

ERICSSON AB

(ERIC B)
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Telefonaktiebolaget LM Ericsson : Ericsson launches communications broadband portfolio

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02/12/2019 | 12:29pm EST

ERICSSON has launched its critical communications broadband portfolio for service providers. This will enable service providers to meet the business-critical and mission-critical needs of industries and public safety agencies as digitalization and modernization of *land mobile radio communications increases.

When communication is disrupted by minutes, seconds, or even milliseconds, it can have huge consequences for business operations – or serious implications for public safety – the need for fast and reliable communication is therefore paramount.

Such critical communications are used in many areas: from first responders and nationwide emergency services to workforce safety in enterprises. There is a growing demand for business- and mission-critical broadband for such use cases. Service providers need to deliver the highest level of avail

To meet critical communications users’ needs, Ericsson has developed a new portfolio comprising three offerings: Critical Network Capabilities; Critical Broadband Applications; and Flexible Deployments for both local private networks, and nationwide mission-critical LTE networks.

Per Narvinger, Head of Product Area Networks, Ericsson, said: “We see growth opportunities for service providers and government operators by addressing new segments with LTE/5G networks. Our critical broadband portfolio will enable our customers to effectively secure the critical communication needs of sectors such as public safety, energy and utilities, transportation, and manufacturing.” — SG

(c) 2019 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SEK)
Sales 2019 212 B
EBIT 2019 17 684 M
Net income 2019 8 854 M
Finance 2019 22 466 M
Yield 2019 1,44%
P/E ratio 2019 32,16
P/E ratio 2020 20,90
EV / Sales 2019 1,25x
EV / Sales 2020 1,18x
Capitalization 289 B
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Mean consensus HOLD
Number of Analysts 22
Average target price 82,4  SEK
Spread / Average Target -4,9%
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
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