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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson AB    ERIC B   SE0000108656

ERICSSON AB

(ERIC B)
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China to Sweden: drop Huawei ban, or face fallout

10/21/2020 | 10:46am EST

A day after Sweden banned Huawei from its 5G networks, comes the response from Beijing.

And a foreign ministry spokesman made it sound like a not-so-veiled threat:

"The Swedish side should, in an objective and fair way, correct the mistaken decision, and avoid bringing about negative impacts on business and trade between China and Sweden, and Swedish companies' operations in China."

Swedish regulators on Tuesday (October 20) banned the use of gear from Huawei and fellow Chinese firm ZTE.

The officials said that followed advice from the country's armed forces and security service.

Now it's local champion Ericsson that may have most to worry about.

The telecom gear maker has deals to supply all three of China's main mobile networks.

Those could be in jeopardy if China retaliates.

On Wednesday (October 21) the firm reported better-than-expected operating earnings.

They jumped to about one billion dollars for the latest quarter, well above analyst expectations.

But the firm cited China's 5G network rollout as the big driver for that.

Ericsson executives will be watching very closely to see what Beijing does next.


© Reuters 2020
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Financials
Sales 2020 230 B 27 272 M 27 272 M
Net income 2020 15 421 M 1 826 M 1 826 M
Net cash 2020 20 164 M 2 388 M 2 388 M
P/E ratio 2020 22,4x
Yield 2020 1,51%
Capitalization 349 B 41 289 M 41 274 M
EV / Sales 2020 1,43x
EV / Sales 2021 1,32x
Nbr of Employees 99 826
Free-Float 89,0%
Chart ERICSSON AB
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Ericsson AB Technical Analysis Chart | ERIC B | SE0000108656 | MarketScreener
Technical analysis trends ERICSSON AB
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 117,52 SEK
Last Close Price 104,05 SEK
Spread / Highest target 34,9%
Spread / Average Target 12,9%
Spread / Lowest Target -9,66%
EPS Revisions
Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Chief Technology Officer & Senior Vice President
Torbjörn Nyman Director
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