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    ERIC B   SE0000108656

ERICSSON

(ERIC B)
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Real-time Estimate Cboe Europe  -  11:30 2022-12-06 am EST
66.50 SEK   -1.57%
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Ericsson CFO, Ericsson takes pride in LGBTQIA+ colleagues

08/04/2022 | 07:51am EST

Speaking at an Ericsson event at Stockholm Pride 2022, Mellander, an LGBTQIA+ ally and executive sponsor, said the company was proud to be among the global corporate leaders in promoting LGBTQIA+ rights and opportunities in the workplace.

He said: 'It is never ever acceptable under any circumstances for members of the LGBTQIA+ community to suffer discrimination or bias because of sexual orientation or gender identity. These rights are strongly supported across the company at Ericsson, from the Global Executive Team downwards.'

Mellander said LGBTQIA+ rights are central to Ericsson's core values of Professionalism, Perseverance, Respect and Integrity - alongside inclusiveness and diversity spanning ethnicity, nationality, religion, age and gender.

Stockholm-based Ericsson employees will be among tens of thousands of people taking to the streets of Sweden's capital this week to celebrate the annual festival.

Ericsson is staging a host of events during Stockholm Pride week, including: Panel discussion sharing experience of establishing an employee resource group for the LGBTIQA+ community

Ericsson tent in Pride Park

Ericsson employees, with family and friends, participating in Pride Parade

Mellander adds: 'It is obvious that a business where everyone feels empowered to be their true self is going to perform better. However, this is not the reason why I engage - it comes down to values and a desire to be part of a society where differences are celebrated, and everyone feels at home.'

Contact:

Tel: +46 10 719 00 00

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 269 B 25 867 M 25 867 M
Net income 2022 20 825 M 2 006 M 2 006 M
Net cash 2022 29 671 M 2 858 M 2 858 M
P/E ratio 2022 10,9x
Yield 2022 3,79%
Capitalization 223 B 21 471 M 21 471 M
EV / Sales 2022 0,72x
EV / Sales 2023 0,63x
Nbr of Employees 104 490
Free-Float 89,3%
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Technical analysis trends ERICSSON
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 24
Last Close Price 67,56 SEK
Average target price 78,39 SEK
Spread / Average Target 16,0%
EPS Revisions
Managers and Directors
Erik B÷rje Ekholm President, Chief Executive Officer & Director
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Ronnie Leten Chairman
Erik Ekudden Chief Technology Officer & Senior Vice President
Moti Gyamlani Senior VP & Head-Group Function Global Operations
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