Ericsson announces impairment charge of SEK 32 billion and provides update on Q3 earnings
· Non-cash impairment of SEK 32 billion in the third quarter 2023, relating to the impairment of goodwill attributed to the Vonage acquisition. · Vonage remains critical to the enterprise strategy and Ericsson’s positive outlook on the potential of the Global Network Platform remains unchanged. · Ericsson also announces highlights from the Q3 results with a group EBITA margin excluding restructuring charges of 7.3% which is in line with previous guidance.Ericsson (NASDAQ: ERIC) today announced that, in accordance with IFRS accounting requirements, it will record a non-cash impairment