Ericsson reports first quarter results 2023
First quarter highlights – Executing in a challenging market · Group organic sales[1] were unchanged YoY. As expected, segment Networks organic sales[1] declined by -2%, driven by lower operator capex and inventory optimization among multiple customers. The decline was offset by growth in other business segments. Reported sales increased to SEK 62.6 (55.1) b. · Gross income excluding restructuring charges increased to SEK 24.9 (23.3) b. mainly driven by Enterprise as well as Cloud Software and Services. Reported gross income was SEK 24.2 (23.3) b. · Gross margin excluding