Ericsson reports second quarter results 2020
Second quarter highlights · Sales were SEK 55.6 (54.8) b. Sales adjusted for comparable units and currency were flat YoY. · Gross margin excluding restructuring charges improved to 38.2% (36.7%), including the earlier communicated inventory write-down related to Mainland China (SEK -0.9 b., which equals to -1.6 percentage points). · Operating income excluding restructuring charges improved to SEK 4.5 b. (8.2% operating margin) from SEK 3.9 b. (7.0% operating margin) driven by improvements in segment Digital Services. · Networks sales[1] increased by 4% YoY. Networks operating