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Ericsson CEO Hits Stride as Turnaround Rewards Investor Patience

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In Borje Ekholm’s first year leading Ericsson AB, he asked investors for patience several times as the company struggled to reverse years of dwindling market share and strategic missteps. Now 18 months into the job, he’s hit his stride.

Ericsson’s stock surged as much as 11 percent on Wednesday after profitability improved at a quicker pace than analysts had estimated for the second straight quarter at the Swedish maker of wireless networks. The jump contributed to an advance of 39 percent this year, after almost no return in 2017.