- Telephonics LM Ericsson press release (NASDAQ:ERIC): Q2 GAAP EPS was -SEK3.34.
- Sales were SEK59.8B (-7.1% Y/Y).
- Adjusted EBITA was SEK 4.1 billion and the margin was 6.8%.
- Free cash flow prior to the M&A was SEK 7.6 billion.
- Total cash increased sequentially from SEK1.7B to SEK. 53.7B.
- “We expect market conditions to remain challenging this year as investment in India slows, but sales will increase in the second half of the year driven by contract deliveries in North America,” said Börje Ekholm, President and CEO.
- eyesight: Amortization of intangible assets is expected to be around SEK -0.5b. per quarter, of which around SEK -0.4b. is related to the Enterprise segment. Restructuring costs in 2024 are expected to be in the range of SEK 3.0b-4.0b.
- By segment: Sales Network: Average seasonality for Q2 and Q3 over the past 3 years: +1%; Q3 network-adjusted gross margin is expected to be in the range of 45-47%.
- Cloud Software and Services Sales: Average seasonality of Q2 and Q3 over the past three years: +4%.
Telefonaktiebolaget LM Ericsson GAAP EPS -SEK3.34, Revenue SEK59.8B
