Thursday, January 30, 2014

Ericsson Reports Flat Sales for 2013

Ericsson sales for Q4 and for full year 2013 were flat (0% growth) compared to the year earlier, although up 5% for the full year when adjusted for currency conversion and comparable units.  Net sales for Q4 2013 came in at SEK 67.0 billion (about US$10.29 billion).

The company said the long-term fundamentals in the industry remain attractive and that in Q4 sales began to grow in some of its key European markets.

"Ericsson's sales for comparable units, adjusted for FX, grew 5% for the full year. I am pleased that we have successfully closed the IPR cross-licensing agreement with Samsung. Our industry is built on scale and a strong tradition of sharing technologies through licensing on fair, reasonable and non-discriminatory (FRAND) terms. The agreement shows the value of our R&D investments and enables both companies to continue to innovate and bring new technologies to the market," says Hans Vestberg, President and CEO of Ericsson (NASDAQ:ERIC).

"Our focus on profitability started to pay off and operating margin for the group gradually improved in 2013, despite significant currency headwind, driven primarily by improvements in Networks and Network Rollout.

Here is a snapshot for the Q4 2012