From The Next Web · Cristian Dina · · 50s
Ericsson Q3 Profit Beats Forecasts
Ericsson's Q3 profit beats forecasts as it merges Asian units.
In brief
Ericsson's Q3 profit beats forecasts as it merges Asian units. Ericsson's Q3 profit exceeded forecasts with SEK 10.1bn EBITA, merging its Asian units to focus on Asia-Pacific market. Originally reported by The Next Web.
Q3 Profit Results
Ericsson's adjusted EBITA reached SEK 10.1bn ($1bn) in Q3, beating analyst expectations of SEK 7.93bn.
Stock Price Surge
Stock rose 11% in Stockholm, its biggest intraday gain since January 23, taking annual gains to 18%.
Sales and Profit Growth
Reported sales rose 7% organically to SEK 59.5bn, driven by Networks, with adjusted EBITA margin at 17.0%.
APAC Merger Announcement
Ericsson merges North East Asia, South East Asia, Oceania and India into one Asia-Pacific market area effective January 2027.
Strategic Shifts
Ericsson aims to compete with Starlink by focusing on Asia-Pacific, cutting costs and addressing component price pressures.
The takeaway
Ericsson's Q3 profit exceeded forecasts with SEK 10.1bn EBITA, merging its Asian units to focus on Asia-Pacific market.
