Ericsson reports third quarter results 2022
Third quarter highlights · Group organic sales[1] grew by 3% YoY driven primarily by Networks in North America. Reported sales were SEK 68.0 (56.3) b., of which Vonage contributed SEK 2.9 b. since July 21. · Gross income increased to SEK 28.1 (24.8) b. driven by higher sales primarily in Networks, and the consolidation of Vonage. · Gross margin was 41.4% (44.0%) impacted by lower IPR revenues of SEK -1.1 b YoY, supply chain costs and larger share of services following footprint expansion in Networks. · EBITA amounted to SEK 7.6 (9.3) b. with an EBITA margin of 11.2% (16.5%).