Ericsson Interim Report Nine months ended September 30, 1999

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Ericsson Interim Report Nine months ended September 30, 1999 * Continued strong sales growth, over 20 percent for the Network Operators and Service Providers segment, driven by Mobile Systems with an over 40 percent increase, and increased operating margin. * Positive reception of new product portfolio in Consumer Products with benefits from the fourth quarter. * Action program for improving internal efficiency and cost structure starting to show results. Confirmed profitability improvement for Wireline Systems. Positive cash flow in third quarter. * The strategic direction is right in the forefront of where the industry is heading - Mobile Internet * Outlook 1999: Pre tax earnings of SEK 15-16 billion is achievable. SEK m. Nine Months Third Quarter Orders 157,812 58,139 Sales 141,648 49,265 Income before taxes 7,907 3,649 Earnings per share (SEK) 3.07 1.33 Cash flow -12,000 +6,700 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/10/22/19991022BIT00020/bit0001.doc http://www.bit.se/bitonline/1999/10/22/19991022BIT00020/bit0002.pdf

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