Ericsson reports fourth quarter and full year results 2017
FOURTH QUARTER HIGHLIGHTS · Reported sales decreased by -12%. Sales adjusted for comparable units and currency declined by -7% YoY, partly due to lower LTE sales in Mainland China, as expected. · As earlier communicated, write-down of assets was made in the quarter, with a final impact on the result of SEK -14.5 b. In addition, provisions and customer project adjustments amounted to SEK -3.2 b. and restructuring charges amounted to SEK -2.4 (-4.6) b. · Gross margin was 21.0% (26.1%). Adjusted1) gross margin improved to 29.9% (29.4%) with improved gross margin in Networks, partly