Ericsson reports first quarter results 2019
First quarter highlights · Sales were SEK 48.9 (43.4) b. Sales adjusted for comparable units and currency increased by 7% driven by strong growth in North America. Reported sales grew by 13%. · Gross margin was 38.4% (34.2%) driven by improvements in Networks and Managed Services. · Operating income was SEK 4.9 (-0.3) b. and operating margin was 10.0% (-0.7%). Operating income, excluding restructuring charges of SEK -0.2 b. and certain positive non-recurrent items[1] of SEK 1.6 b. was SEK 3.5 b., which equals to an operating margin of 7.2%. · Net income improved to SEK 2.4 (-