Ericsson reports first quarter results 2020
First quarter highlights · Sales were SEK 49.8 (48.9) b. A decline by -2% adjusted for comparable units and currency. · The Covid-19 pandemic had limited impact on operating income and cash flow in the quarter. · Gross margin excluding restructuring charges improved to 40.4% (38.5%). Gross margin improved QoQ in all segments. · Operating income excluding restructuring charges was SEK 4.6 b. (9.3% operating margin). Q1 2019 operating income excluding restructuring charges and items affecting comparability was SEK 3.5 b. (7.2% operating margin). · Networks sales adjusted for