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    ERIC B   SE0000108656

ERICSSON

(ERIC B)
  Report
Real-time Estimate Cboe Europe  -  11:29:45 2023-06-08 am EDT
56.44 SEK   -0.21%
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06/06EASYMETERING and Ericsson Showcase Latest Advancements in Smart Metering Technology on Private LTE
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06/06Ericsson and Zain Group collaborate on sustainability initiatives for more energy-efficient networks
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Tipster on Ericsson won SEC's largest ever whistleblower award of $279 million -WSJ

05/26/2023 | 01:10am EDT
The Ericsson logo is seen at the Ericsson's headquarters in Stockholm

(Reuters) - The record $279 million whistleblower award issued by the Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday.

The award from the regulator's cash-for-tip program was related to the $1.1 billion settlement the company reached with U.S. authorities in 2019 over allegations that it conspired to make illegal payments to win business in five countries, the report said, citing people familiar with the matter.

Both the SEC and Ericsson did not immediately respond to Reuters requests for comment.

The regulator did not name the enforcement action underlying the award and did not identify the tipster in keeping with whistleblower protection rules.

Ericsson in 2019 agreed to pay more than $1 billion to resolve probes into corruption, including the bribing of government officials in countries including China, Vietnam and Djibouti.

(Reporting by Sheena K Thomas in Bengaluru)


ę Reuters 2023
All news about ERICSSON
09:12aDepa & Ericsson Jointly Commence Thailand Digital Valley
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06/06EASYMETERING and Ericsson Showcase Latest Advancements in Smart Metering Technology on ..
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06/06Ericsson and Zain Group collaborate on sustainability initiatives for more energy-effic..
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06/02Ericsson steps up efforts to reduce complexity in transport networks
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06/02Ericsson collaborates with Intel on advancing Thailand's 5G usage and adoption
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05/31ERICSSON : Monthly statement on voting rights
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05/30Transcript : Telefonaktiebolaget LM Ericsson - Special Call
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Analyst Recommendations on ERICSSON
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Financials
Sales 2023 278 B 25 790 M 25 790 M
Net income 2023 11 651 M 1 079 M 1 079 M
Net cash 2023 23 544 M 2 181 M 2 181 M
P/E ratio 2023 15,8x
Yield 2023 4,88%
Capitalization 190 B 17 563 M 17 563 M
EV / Sales 2023 0,60x
EV / Sales 2024 0,55x
Nbr of Employees 104 931
Free-Float 89,2%
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Mean consensus HOLD
Number of Analysts 23
Last Close Price 56,44 SEK
Average target price 67,86 SEK
Spread / Average Target 20,2%
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Managers and Directors
Erik B÷rje Ekholm President, Chief Executive Officer & Director
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Jan Carlson Chairman
Erik Ekudden Chief Technology Officer & Senior Vice President
Moti Gyamlani Senior VP & Head-Group Function Global Operations
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