Ericsson reports fourth quarter and full-year results 2023
Fourth quarter highlights – Solid EBITA and cash flow in a challenged market ·Sales declined organically[1] by -17% YoY, driven by a -23% decline in Networks. Reported sales were down by -16% to SEK 71.9 b. ·Gross income excluding restructuring charges decreased to SEK 29.6 (35.7) b. Gross margin excluding restructuring charges was 41.1% (41.5%). Adjusted for the retroactive element in IPR revenues in Q4 2022 the gross margin increased YoY. ·Reported gross income was SEK 28.6 (35.6) b. with a gross margin of 39.8% (41.4%). ·EBITA excluding restructuring