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    ERIC B   SE0000108656

ERICSSON

(ERIC B)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/28 11:30:00 am
113.02 SEK   -0.84%
12:10pPUMP / DUMP #19 : The week's gainers and losers
01/27Ericsson to showcase 5G and innovative technologies at LEAP 22
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01/25ADRs End Mixed; Ericsson, Sasol Among Companies Actively Trading
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Sweden's Ericsson sees 660 million 5G subscriptions by year end

11/30/2021 | 03:24am EST
FILE PHOTO: A general view of an office of Swedish telecom giant Ericsson is seen in Lund

STOCKHOLM (Reuters) - Sweden's Ericsson on Tuesday raised its global forecast for 5G mobile subscriptions to 660 million by the end of this year, citing stronger than expected demand in China and North America.

The telecom equipment maker, which had previously forecast 580 million subscriptions, said it expected 4.4 billion 5G subscriptions by the end of 2027, accounting for almost half of all mobile subscriptions at that time.

Ericsson said in its biannual Mobility Report that the strong demand in China and North America was driven partly by decreasing prices of 5G devices.

While 5G will become the dominant mobile access technology by subscriptions in 2027, Ericsson foresees 4G subscriptions to peak in Q4 2021, then decline as subscribers migrate to 5G.

Ericsson, which competes with China's Huawei and Finland's Nokia, added that 75% of the world's population will have access to 5G coverage in 2027.

(Reporting by Helena Soderpalm; editing by Niklas Pollard)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON -0.84% 113.02 Delayed Quote.14.22%
NOKIA OYJ -0.37% 5.083 Delayed Quote.-8.47%
All news about ERICSSON
12:10pPUMP / DUMP #19 : The week's gainers and losers
01/27Ericsson to showcase 5G and innovative technologies at LEAP 22
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01/25ADRs End Mixed; Ericsson, Sasol Among Companies Actively Trading
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01/25ERICSSON B : Credit Suisse keeps its Buy rating
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Analyst Recommendations on ERICSSON
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Financials
Sales 2021 230 B 24 384 M 24 384 M
Net income 2021 18 888 M 2 002 M 2 002 M
Net cash 2021 41 304 M 4 379 M 4 379 M
P/E ratio 2021 20,0x
Yield 2021 1,84%
Capitalization 377 B 39 968 M 39 935 M
EV / Sales 2021 1,46x
EV / Sales 2022 1,25x
Nbr of Employees 101 322
Free-Float 89,6%
Chart ERICSSON
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ERICSSON Technical Analysis Chart | MarketScreener
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Technical analysis trends ERICSSON
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 113,02 SEK
Average target price 128,22 SEK
Spread / Average Target 13,4%
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
Xavier Dedullen Secretary, Chief Legal Officer & Senior VP
Sector and Competitors
1st jan.Capi. (M$)
ERICSSON14.22%40 551
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MOTOROLA SOLUTIONS, INC.-16.41%37 679
ARISTA NETWORKS, INC.-17.97%36 235
FOXCONN INDUSTRIAL INTERNET CO., LTD.-6.80%34 737
NOKIA OYJ-8.47%32 128