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Ericsson’ Estonia Unit Raised 2010 Sales Sixfold, Aeripaeev Says

Ericsson Eesti AS, a unit of Stockholm-based Ericsson AB, increased its revenue almost sixfold last year, the most of any Estonian company, according to a ranking by business newspaper Aeripaeev.

Sales at Tallinn-based Ericsson Eesti, the country’s biggest electronics producer, increased 5.97 times from a year earlier to 576 million euros ($777 million), Aeripaeev said. It was the fifth-biggest Estonian company by revenue.