- President and CEO summarized 2020 - the year
Ericsson completed its turnaround - The Group continues to see good growth opportunities in 5G, especially in the growing enterprise sector
- Societal transformation driven by digitalization puts added focus on
Ericsson's 5G technology
Speaking at
The full speech by the President and CEO, as well as remarks made by the Chair of the Board and the Chair of the Remuneration Committee, will be made available on the company's website after the event: https://www.ericsson.com/en/investors/events-and-presentations/shareholderdialogue2021
Turning the business around
In 2020,
"By having the customer in focus it becomes clear that competitive solutions based on leading technology is our raison d'être," says Ekholm. "So instead of slimming down on R&D we increased our investments to strengthen our technology position. Today,
Employees at the core of
While customers remain in focus, equally important has been
"More than 85,000 of our employees have worked from home and most of the approximately 10,000 new employees we recruited last year have yet to physically meet their boss or team," says Ekholm. "Despite these challenges, we managed to execute on our strategy and deliver to our customers!"
Financial performance and growth ambitions
For the full year 2020,
As
Ekholm says: "Our strategy remains in place, but we see great growth opportunities in the enterprise segment, which is why we have expanded our strategy with investments in enterprise applications. In the same way that 4G made it possible to digitalize the consumer market, 5G will digitalize the enterprise sector."
In 2020,
"
Investments in technology leadership
Research and development remain at the core of
"2021 will be an investment year in order to strengthen
The race to 5G
In 2020, the world saw rapid roll-out of 5G, moving the technology from future possibility to present reality. Based on assessments made by
Ekholm highlighted the leading role that
Ekholm stated that the company will continue to see strong 5G roll-out during 2021. However, he raised concern about the situation that most parts of
"Of course,
Ekholm emphasized the need for European countries to speed up 5G deployment, saying that it is one of today's most important political issues.
Sustainability and responsible business
Sustainability continues to be an integral part of
Ekholm says: "That sustainability is integrated into our operations is clearly seen in our factory in the
Ekholm also highlighted the important work being done within Ethics and Compliance. In 2020,
Closing remarks
Ekholm concluded his speech to shareholders saying that 2020 was a year unlike any other. While
"For
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About
Forward-looking statements
This release includes forward-looking statements, including statements reflecting management's current views relating to the growth of the market, future market conditions, future events, financial condition, and expected operational and financial performance, including, in particular the following:
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- Industry trends, future characteristics and development of the markets in which we operate
- Our future liquidity, capital resources, capital expenditures, cost savings and profitability
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https://news.cision.com/ericsson/r/borje-ekholm-to-shareholders---our-technology-will-play-an-increasingly-central-role-,c3314790
https://mb.cision.com/Main/15448/3314790/1393445.pdf
https://news.cision.com/ericsson/i/borje-ekholm,c2893593
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