Ericsson Nikola Tesla d.d. announced unaudited earnings results for the year ended Dec. 31, 2017. For the year, sales revenue was HRK 1,481.6 million against HRK 1,591.6 million a year ago. Operating profit was HRK 75.7 million against HRK 113.6 million a year ago. Profit before tax was HRK 73.0 million against HRK 118.8 million a year ago. Net profit was HRK 67.9 million against HRK 110.7 million a year ago. Cash flow from operating activities was HRK 108.2 million against HRK 187 million a year ago.

For 2018, the company expects an increase in sales revenue, primarily in Bosnia and Herzegovina, after the regulatory framework for the introduction of 4G networks becomes effective.