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    ERIC B   SE0000108656

ERICSSON

(ERIC B)
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Ericsson : Update on Deferred Prosecution Agreement

10/22/2021 | 07:23am EST

On December 6, 2019, Ericsson (NASDAQ: ERIC) entered into a Deferred Prosecution Agreement (DPA) with the United States Department of Justice (DOJ).

Ericsson has received correspondence from the DOJ stating that it has determined that Ericsson breached its obligations under the DPA by failing to provide certain documents and factual information, and that Ericsson will have the opportunity to respond in writing to explain the nature and circumstances of such breach, as well as the actions Ericsson has taken to address and remediate the situation.

At this stage it is premature to predict the outcome of these developments. DOJ has sole discretion under the DPA to determine whether a breach occurred. Ericsson intends to respond to DOJ and to continue cooperating with DOJ consistent with the terms of the DPA, including requirements regarding production of documents.

NOTES TO EDITORS:

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FOR FURTHER INFORMATION, PLEASE CONTACT

Contact person

Peter Nyquist, Head of Investor Relations

Phone: +46 705 75 29 06

E-mail: peter.nyquist@ericsson.com

Media

Kristoffer Edshage, Director Corporate Media

Phone: +46 10 719 69 92

E-mail: media.relations@ericsson.com

Corporate Communications

Phone: +46 10 719 69 92

E-mail: media.relations@ericsson.com

About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 01:00 CEST on October 22, 2021.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 230 B 25 399 M 25 399 M
Net income 2021 18 892 M 2 083 M 2 083 M
Net cash 2021 48 507 M 5 349 M 5 349 M
P/E ratio 2021 16,6x
Yield 2021 2,25%
Capitalization 312 B 34 345 M 34 449 M
EV / Sales 2021 1,15x
EV / Sales 2022 1,05x
Nbr of Employees 102 203
Free-Float 89,6%
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ERICSSON Technical Analysis Chart | ERIC B | SE0000108656 | MarketScreener
Technical analysis trends ERICSSON
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 93,82 SEK
Average target price 126,17 SEK
Spread / Average Target 34,5%
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Managers and Directors
Erik B÷rje Ekholm President, Chief Executive Officer & Director
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Ronnie Leten Chairman
Erik Ekudden Chief Technology Officer & Senior Vice President
Xavier Dedullen Secretary, Chief Legal Officer & Senior VP
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