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

ERICSSON AB

(ERIC B)
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Ericsson : Appoints Fadi Pharaon Head of Middle East & Africa Business

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08/22/2019 | 03:27am EDT

By Dominic Chopping

STOCKHOLM--Ericsson AB (ERIC) said Thursday it has appointed Fadi Pharaon head of its Middle East & Africa business, effective September 1, 2019.

Mr. Pharaon currently holds the position as Vice President, Networks & Managed Services within Ericsson's Europe & Latin America market area.

"Our customer relationships are key to build a strong company position in the market for this next phase of industry development," said chief executive Borje Ekholm.

"Fadi has the right background, experience and capabilities to lead this work in this Market Area and I am very pleased to see him stepping up to this role."

As a member of Ericsson's executive leadership team, Fadi Pharaon succeeds Rafiah Ibrahim. As previously announced, Rafiah Ibrahim will leave her position as head of market area Middle East & Africa effective August 31, 2019 and will take on a role as advisor to CEO Borje Ekholm.

Write to Dominic Chopping at dominic.chopping@wsj.com; @domchopping @WSJNordics

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Financials (SEK)
Sales 2019 224 B
EBIT 2019 20 824 M
Net income 2019 9 792 M
Finance 2019 21 948 M
Yield 2019 1,57%
P/E ratio 2019 26,5x
P/E ratio 2020 17,0x
EV / Sales2019 1,06x
EV / Sales2020 0,99x
Capitalization 260 B
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 95,45  SEK
Last Close Price 78,48  SEK
Spread / Highest target 58,6%
Spread / Average Target 21,6%
Spread / Lowest Target -12,1%
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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