Ericsson reports first quarter results 2022
First quarter highlights · Group organic sales grew by 3% YoY driven by Networks in North America and in Europe and Latin America. Reported sales were SEK 55.1 (49.8) b. · Reported gross margin was 42.3% (42.8%) impacted by proactive investments in supply chain resilience in Networks. Rolling four quarter gross margin was 43.2%. · Due to the indefinite suspension of affected business in Russia, a provision for impairment of assets and other extraordinary costs of SEK -0.9 b. was booked in the quarter as other operating expenses in segment Networks. Around one third of this amount