Ericsson reports fourth quarter and full year results 2016 – nasdaq. com


• Gross margin was 26.1% (36.3%). Usd xau Gross margin, excluding restructuring charges, was stable QoQ, but declined to 29.4% (36.6%) YoY, following lower IPR licensing revenues and a higher share of Global Services sales with reduced margin in the quarter.

• Operating income was SEK -0.3 (11.0) b. Stock meaning dictionary Operating income, excluding restructuring charges, decreased to SEK 4.4 (11.7) b., mainly due to lower IPR licensing revenues.

• The cost and efficiency program is tracking towards target. Usa today sports images The execution pace was faster than predicted in the quarter, resulting in full-year restructuring charges of SEK 7.6 b. 1 usd to irr compared with estimated SEK 5.5-6.5 b.

• The baseline for current IPR licensing contract portfolio is approximately SEK 7 b. Futures in the stock market on an annual basis. Usd to aed converter Smartphone volumes, new agreements and IoT licensing will determine growth opportunities going forward.

• Reported sales decreased by -10% mainly due to weaker demand for mobile broadband, especially in markets with a weak macroeconomic environment.

Current binary samsung official IPR licensing revenues declined to SEK 10.0 (14.4) b.

• Operating income declined to SEK 6.3 (21.8) b. Binary code destiny due to lower sales and a changed business mix in mobile broadband, with a lower proportion of capacity business. Stock market trading hours central time This was partly offset by lower operating expenses.

The negative industry trends remained in the fourth quarter. Inr to usd conversion rate However, sales were positively impacted by favorable currency exchange rates combined with hardware deliveries, previously planned for Q1 2017. Exchange rate hkd to usd Profitability declined YoY following lower IPR licensing revenues mainly due to last year’s agreement with Apple as well as increased restructuring charges. Understanding binary Operating cash flow in the fourth quarter was SEK 19.4 b., supported by reduced operating assets.

Group sales declined by -11% YoY, primarily due to the decrease of SEK -5.5. Euro today b in IPR licensing revenues. 100 usd to euro Full-year IPR licensing revenues were SEK 10.0 (14.4) b.

In 2016, a number of markets, in regions such as Latin America, the Middle East and Africa, were impacted by a weak macroeconomic environment with a negative effect on mobile broadband investments. Euro to usd forecast The underlying market remained weak in the fourth quarter with further weakness in Latin America. Free pictures to color However, hardware deliveries previously planned for Q1 2017 were made on customer requests, and had a positive impact on sales in the fourth quarter. Euro to inr conversion rate today In combination with a weakened SEK versus USD, this resulted in a stronger than expected sequential sales growth in mobile broadband. American futures market Segment Networks sales increased by 39% QoQ. Usd conversion rate The new radio platform, Ericsson Radio System (ERS), represented almost 15% of total deliveries of radio units for 2016 and the roll-out of the new platform is gradually ramping up.

Global Services sales declined by -4% YoY mainly due to the reduced scope of a managed services contract in North America. Exchange rate aed usd Support Solutions sales declined by -39% YoY, mainly due to lower IPR licensing revenues. Usd euro conversion In addition, TV & Media sales were lower than expected due to a rapid decline in legacy products.

Sales in the targeted areas declined by -7% YoY, mainly impacted by lower sales in OSS and BSS following the transition from legacy to new products. Price of gold us We are allocating resources into our digital transformation projects to secure important deliveries in 2017. Stock outperform meaning Full-year sales for targeted areas were flat and accounted for 20% of group sales in 2016.

The current industry trends and business mix of coverage and capacity sales in mobile broadband are expected to prevail in 2017. Usd inr exchange rate forecast At the Investor Update in November we presented our estimate of the Radio Access Network (RAN) equipment market in USD; a decline by -10% to -15% in 2016 and further decline by -2% to -6% in 2017.

The baseline for current IPR licensing contract portfolio is approximately SEK 7 b. What is us currency on an annual basis. Financial markets futures Smartphone volume growth, agreements with currently unlicensed handset manufacturers and IoT licensing will determine growth opportunities going forward.

Operating income decreased to SEK -0.3 (11.0) b. 1 usd myr in the quarter, mainly due to lower IPR licensing revenues, higher restructuring charges and lower gross margin.

The cost and efficiency program, first initiated in November 2014, is tracking to target of an annual run rate of operating expenses, excluding restructuring charges, of SEK 53 b. Canadian dollar to indian rupee exchange rate by second half of 2017. Usd jpy exchange rate Full-year operating expenses, excluding restructuring charges, amounted to SEK 56.4 b., corresponding to a full-year reduction of SEK 5 b. Bloomberg stock futures market The execution pace was faster than predicted in the quarter resulting in front-loaded restructuring charges. Gbp usd rate With current plans, we expect restructuring charges of approximately SEK 3 b. Twd usd for 2017.

Operating cash flow in Q4 was SEK 19.4 b. Us market futures Operating cash flow was mainly driven by reduced operating assets. Financial market futures Full-year operating cash flow amounted to SEK 14.0 b. Pound exchange rate forecast Net cash at the end of quarter was SEK 31.2 b.

The Board will propose a dividend of SEK 1.00 (3.70) per share to the AGM. The boxer rebellion tour The Board believes that it is prudent to align the dividend level with 2016 earnings adjusted for restructuring charges and the current market outlook. Gold forecast today However, the Board expresses confidence in the ongoing actions to improve Ericsson’s financial performance, and has the ambition to increase the dividend over time as our performance improves.

We as well as our customers are going through a period of rapid change. Oil futures market As a consequence, we are reviewing our priorities in order to set the future direction of the company. Future marketing trends 2015 This work has been initiated involving key teams in the company, to secure quality of decisions and speed in implementation once decisions are made. Aud in usd Emphasis will be on refining the strategy to focus investments into areas where we both can and must win. Usd to euro chart Building on the suggestion from the famous ice hockey player Wayne Gretzky; We will focus on skating where the puck will be, not where it has been.

In the near term, stability will be key to establishing a strong base for future growth. Stock market future predictions 2015 This means prioritizing profitability over growth, but also to diligently continue to work on efficiency and effectiveness across all operations. Rmb to usd This can and will ensure that we remain at the forefront of technological development – building on the combined strength across products, services and solutions.

You find the complete report with tables in the attached PDF or by following this link or on

Live webcast of the briefing and conference call details, as well as supporting slides, will be available at and

This information is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. Euro usd chart The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on January 26, 2017.