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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 publ : Ericsson to pay more than $1bn to settle US corruption investigation

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12/09/2019 | 01:11am EST

ERICSSON has agreed to pay $1.2bn (£913m) to resolve a US corruption investigation. The Swedish telecoms firm has settled a US probe into corruption, which included the bribing of government officials, the US Justice Department said last Friday. The bribing of officials took place over multiple years and in countries such as China and Vietnam. The charges include a criminal penalty of more than $520m, plus $540m to be paid to market watchdog the US Securities and Exchange Commission (SEC) in a related matter. Ericsson admitted to conspiring with others to violate the Foreign Corrupt Practices Act (FCPA) from at least 2000 to 2016 by using bribery, as well as falsifying books and records and failing to implement reasonable internal accounting controls, the Justice Department said in a statement. "Certain employees in some markets, some of whom were executives in those markets, acted in bad faith and knowingly failed to implement sufficient controls," Ericsson chief Borje Ekholm said. Ericsson shares closed up 0.90 per cent at 87.62 Swedish krona on Friday.

(c) 2019 City A.M., source Newspaper

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Financials (SEK)
Sales 2019 227 B
EBIT 2019 11 644 M
Net income 2019 2 531 M
Finance 2019 25 343 M
Yield 2019 1,56%
P/E ratio 2019 136x
P/E ratio 2020 17,2x
EV / Sales2019 1,14x
EV / Sales2020 1,08x
Capitalization 284 B
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 98,47  SEK
Last Close Price 85,44  SEK
Spread / Highest target 32,3%
Spread / Average Target 15,3%
Spread / Lowest Target -9,88%
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
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