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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 to begin US 5G smart manufacturing in Lewisville, Texas, in early 2020

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09/20/2019 | 07:59am EDT

Ericsson'sUSD 100 million next-generation smart manufacturing factory in the United States will be located in Lewisville, Texas, a suburb close to Dallas/Fort Worth International Airport and Ericsson'sNorth America headquarters in Plano.

The 28,000sq m state-of-the-art factory, announced in June, will produce 5G and Advanced Antenna System radios to boost network capacity and coverage to meet the demand for rapid 5G deployments in North America.

The smart factory will begin commercial operations in early 2020 and will be powered by Ericsson 5G solutions tailored for the industrial environment. Fast and secure 5G connectivity will enable agile operations and flexible production. Ericsson's 5G industrial solutions include automated warehouses, connected logistics, automated assembly, packing and product handling, and the use of autonomous carts.

Texas Governor, Greg Abbott, says: 'From manufacturing to technology, the Texas economy is firing on all cylinders thanks to investments of world class companies like Ericsson. I am proud that Ericsson has chosen Texas to expand its operations, and can assure them that as Governor, I will continue to promote pro-growth policies that reduce the heavy hand of government regulation and encourage expansion in the private sector.'

Niklas Heuveldop, President and Head of Ericsson North America, says: 'As the commercial 5G network rollout continues to accelerate across North America, Ericsson is excited to lead the global technology evolution in close partnership with our North American customers, with a clear focus on value creation for consumers, enterprises and society at large. We continue to increase our investments in the U.S., so that we can more rapidly respond to customer demands, accelerating our pace of innovation and time to market for critical new products.'

Lewisville Mayor, Rudy Durham, says: 'Lewisville is very honored to be home to Ericsson's 5G radio 'Factory of the Future.' As one of the largest providers of information and communication technology in the world, Ericsson has consistently delivered innovative and sustainable products and services. Innovation and sustainability are also key priorities for the Lewisville community and our vision for the future. We look forward to our partnership. We welcome and congratulate the Ericsson family on making Lewisville its home for the state-of-the-art factory.'

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (SEK)
Sales 2019 226 B
EBIT 2019 17 378 M
Net income 2019 2 171 M
Finance 2019 25 696 M
Yield 2019 1,35%
P/E ratio 2019 107x
P/E ratio 2020 17,9x
EV / Sales2019 1,19x
EV / Sales2020 1,14x
Capitalization 294 B
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 96,59  SEK
Last Close Price 88,96  SEK
Spread / Highest target 29,3%
Spread / Average Target 8,57%
Spread / Lowest Target -21,3%
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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
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