Ericsson second quarter 2012
· Sales increased 1% YoY and showed a good performance QoQ, +9%. · Networks sales decreased YoY due to the expected decline in CDMA equipment sales as well as weaker sales in China and Russia. · Global Services and Support Solutions showed strong performance YoY and QoQ. · The underlying business mix, with higher share of coverage projects than capacity projects, was unchanged in the quarter and is expected to prevail short-term. The negative gross margin impact from the network modernization projects in Europe will start to gradually decline end 2012. · Cash flow