Telefonaktiebolaget LM Ericsson ( (ERIC) ) just unveiled an update.
Ericsson reported its fourth quarter and full-year financial results for 2024, highlighting a strong performance in Q4 with a 2% year-on-year increase in sales driven by significant growth in North America. The company’s strategic focus on programmable networks and network APIs resulted in improved gross margins and EBITA, despite a full-year sales decline of 5%. The company also noted substantial free cash flow generation and a proposal for a dividend increase, indicating positive financial health and operational excellence.
More about Telefonaktiebolaget LM Ericsson
Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company is a leading provider of 5G infrastructure, offering innovative solutions in programmable networks and network APIs with a focus on enhancing mobile network accessibility and performance.
YTD Price Performance: 10.29%
Average Trading Volume: 16,552,047
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $29.57B
See more data about ERIC stock on TipRanks’ Stock Analysis page.