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    ERIC B   SE0000108656

ERICSSON

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Sweden's Ericsson sees 660 million 5G subscriptions by year end

11/30/2021 | 03:24am EST
FILE PHOTO: A general view of an office of Swedish telecom giant Ericsson is seen in Lund

STOCKHOLM (Reuters) - Sweden's Ericsson on Tuesday raised its global forecast for 5G mobile subscriptions to 660 million by the end of this year, citing stronger than expected demand in China and North America.

The telecom equipment maker, which had previously forecast 580 million subscriptions, said it expected 4.4 billion 5G subscriptions by the end of 2027, accounting for almost half of all mobile subscriptions at that time.

Ericsson said in its biannual Mobility Report that the strong demand in China and North America was driven partly by decreasing prices of 5G devices.

While 5G will become the dominant mobile access technology by subscriptions in 2027, Ericsson foresees 4G subscriptions to peak in Q4 2021, then decline as subscribers migrate to 5G.

Ericsson, which competes with China's Huawei and Finland's Nokia, added that 75% of the world's population will have access to 5G coverage in 2027.

(Reporting by Helena Soderpalm; editing by Niklas Pollard)


ę Reuters 2021
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Financials
Sales 2021 231 B 25 091 M 25 091 M
Net income 2021 18 848 M 2 050 M 2 050 M
Net cash 2021 39 964 M 4 346 M 4 346 M
P/E ratio 2021 18,2x
Yield 2021 2,05%
Capitalization 343 B 37 341 M 37 275 M
EV / Sales 2021 1,31x
EV / Sales 2022 1,23x
Nbr of Employees 102 203
Free-Float 89,6%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 102,88 SEK
Average target price 123,85 SEK
Spread / Average Target 20,4%
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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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