- Ericsson has published restated segment financials for 2020
full year, 2021 by quarter and 2022 Q1 and Q2 following the changed
reporting structure as of Q3 2022
- Conference call with CFO Carl
Mellander for financial analysts, investors and journalists
at 3:00 PM CEST, September 20, 2022
STOCKHOLM, Sept. 20,
2022 /PRNewswire/ -- As announced in
May 2022, Ericsson (NASDAQ: ERIC)
will start to report financials according to its new segment
structure as of the third quarter 2022. To facilitate year-on-year
comparisons, Ericsson today publishes the restated segment
financials for 2020 full year; 2021 by quarter and 2022 Q1 and
Q2.
The four reported segments are:
Networks – including Radio Access Networks,
Transport Solutions, Site Solutions, Network Rollout & Tuning
and Customer Support.
Cloud Software and Services – including Core
Network and Automation, Managed Services, Services Orchestration
and Telecom BSS.
Enterprise – including Enterprise Wireless
Solutions, Technologies & New Businesses, Global Communication
Platform (Vonage – reported from Q3 2022) and Global Network
Platform.
Other – including media businesses, Ericsson
Ventures and one-offs.
Net Sales for segments Networks and Cloud Software &
Services include a breakdown of sales into products, services and
IPR licensing revenues. The split of IPR licensing revenues will be
82% in Networks and 18% in Cloud Software & Services.
There is no change in the geographical structure. Net sales will
continue to be reported in five geographic Market Areas and Market
Area Other. Segment Enterprise will mainly be reported in Market
Area Other.
Find restated segment financials attached in pdf format.
Complete tables of restated segment financials are available at
www.ericsson.com/investors.
CONFERENCE CALL FOR ANALYSTS, INVESTORS AND JOURNALISTS
A conference call for financial analysts, investors and
journalists will begin at 3:00 PM
CEST Stockholm (2:00 PM BST
London, 9:00 AM EDT New York). CFO
Carl Mellander will comment on the
restated financials and take questions.
Conference call: Join here
To ask a question: Access dial-in information here
NOTES TO EDITORS:
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MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com (+46 10 719 69 92)
investor.relations@ericsson.com (+46 10 719 00 00)
ABOUT ERICSSON:
Ericsson enables communications service providers and enterprises
to capture the full value of connectivity. The company's portfolio
spans the following business areas: Networks, Cloud Software and
Services, Enterprise Wireless Solutions, Global Communications
Platform, and Technologies and New Businesses. It is designed to
help our customers go digital, increase efficiency and find new
revenue streams. Ericsson's innovation investments have delivered
the benefits of mobility and mobile broadband to billions of people
globally. Ericsson stock is listed on Nasdaq Stockholm and on
Nasdaq New York. www.ericsson.com
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Ericsson restated
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SOURCE Ericsson