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ericsson (lm) tel-sp adr (ERIC) Key Developments

Singtel and Ericsson Ink MOU for Partnership in 5G Technology

Singtel and Ericsson signed a memorandum of understanding (MOU) for a five-year partnership to test 5G technologies for future standardisation. They will explore 5G uses for consumers and enterprises, with the partnership including workshops to align 5G requirements and exchange ideas, as well as trials on potential technologies. Singtel plans to bring 5G here in 2020, making it one of the first in the world to offer it. With 5G, key improvements customers can look forward to are super-high data throughput speeds of more than 1Gbps, near-zero delay for remotely-operated machines and the ability to connect multiple intelligent devices. Possible areas where the technology can be used include consumer electronics, retail banking, health care and the process industry, said Magnus Ewerbring, chief technology officer for the Asia-Pacific in Ericsson.

Ericsson Reports Latin America Sales Results for the Fourth Quarter and Full Year of 2014

Ericsson reported revenues in Latin America fall 3% year-on-year in the fourth quarter of 2014 but rise 3% for the full year driven by mobile broadband projects and network quality investments. The company said that sales were driven primarily by operator investments in mobile broadband coverage and related services and network quality and capacity expansions. Fourth quarter revenue was SEK 6.6 billion. Globally, Ericsson's sales grew 1% year-on-year in the fourth quarter to SEK 68 billion driven by strong sales in the Middle East, Europe and Asia and offset by a continued decline in North America. Full-year revenue in the region weighed in at SEK 22.6 billion ($2.8 billion). Full-year sales in North America were affected by lower network sales as large mobile network coverage projects came to an end and increased operator focus on cash flow optimization in the second half of 2014 to finance acquisitions and spectrum auctions.

Ericsson Proposes Increased Dividend

The board of Ericsson proposed a 13% dividend increase to KRW 3.40 per share.

Ericsson Appoints Tarek Saadi as Executive Vice President and Head of Sales in the Middle East Region

Ericsson appointed Tarek Saadi as executive vice president and head of sales in the Middle East region. Saadi will oversee the company's sales engagement throughout the Middle East. Saadi is not new to Ericsson in the region and has previously held the position of president for Ericsson North Middle East, to which he was appointed in 2010. Saadi has more than nineteen years of experience with Ericsson and has held multiple positions in sales and business development in a number of Ericsson offices across the globe.

Ericsson Reports Consolidated and Parent Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Ericsson reported consolidated and parent earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, on consolidated basis, the company’s sales were SEK 68.0 billion compared with SEK 67.0 billion a year ago. A growth of 1% Year over Year and 18%. Operating income improved to SEK 6.3 billion compared to the SEK 9.1 billion for the same quarter year ago. Net income was SEK 4.2 billon or SEK 1.29 per share compared to the SEK 6.4 billion or SEK 1.97 per diluted share for the same quarter year ago. Cash flow from operating activities was SEK 8.6 billion compared to the SEK 14.6 billion for the same quarter year ago. Investments in property, plant and equipment was SEK 1,553 million compared to SEK 1,251 million last year. Return on equity was 11.8% compared to 18.8% last year. Return on capital employed was 14.0% compared to 21.1% last year. Diluted earnings per share (Non-IFRS) were SEK 1.54 compared to SEK 2.22 per share last year. Diluted earnings per share (Non-IFRS, excluding restructuring) was SEK 1.71 compared to SEK 2.42 per share last year. For the quarter, on parent basis, the company reported operating income of SEK 577 million compared to SEK 302 million last year. Net income was SEK 8,322 million compared to the SEK 2,859 million last year. For the full year, on consolidated basis, the company reported sales were SEK 228.0 billion compared with SEK 227.4 billion a year ago. Flat year over year. Sales, adjusted for comparable units and currency, decreased by -2%. Operating income was SEK 16.8 billion compared with 17.8 billion. With an operating margin of 7.4% to 7.8%. Gross margin improved due to a higher share of capacity business, offset by increased operating expenses and currency hedge losses. Cash flow from operating activities was SEK 18.7 billion compared with 17.4 billion for the previous year. Cash conversion was 84%, above the target of 70%. Net income was SEK 11.1 billion or SEK 3.54 per diluted share compared to the SEK 12.2 billion or SEK 3.69 per diluted share for the previous year. Investments in property, plant and equipment was SEK 5,322 million compared to SEK 4,503 million last year. Return on capital employed was 9.8% compared to 10.7% last year. Return on equity was 8.1% compared to 8.7% last year. Diluted earnings per share (Non-IFRS) were SEK 4.49 compared to SEK 4.69 per share last year. Diluted earnings per share (Non-IFRS, excluding restructuring) was SEK 4.80 compared to SEK 5.62 per share last year. For the year, on parent basis, the company reported operating income of SEK 1,879 million compared to SEK 1,388 million last year. Net income was SEK 23,600 million compared to the SEK 6,855 million last year.

 

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