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4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Telefonaktiebolaget LM Ericsson    ERIC B   SE0000108656

Delayed Quote. Delayed  - 07/28 05:29:37 pm
63.8 SEK   -1.39%
02:05a ERICSSON : Singtel, Ericsson trial prestandard LAA technology
01:05a ERICSSON : Sprint Renewing Parts Of Contract With Ericsson To Cut Co..
07/28 SPRINT : Ericsson renew portions of managed services partnership
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Ericsson : Confirms 1,399 Job Cuts, SEK1.5 Billion Costs To Hit 1Q13

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03/27/2013 | 09:38am CEST
    By Dominic Chopping 
 

STOCKHOLM--Swedish network equipment vendor Ericsson AB (ERIC) said Wednesday it has cut 1,399 jobs in Sweden as part of a previously announced restructuring, leading to costs of around SEK1.5 billion that will hit its first quarter results.

 
   MAIN FACTS: 

-On November 7, 2012, Ericsson informed its employees about a change in operations in Sweden, which also included reduction of positions covering all job areas.

-Ericsson in Sweden has reduced its operations by 1,399 positions by adapting the organization, in cooperation with the unions. This has resulted in 919 employees being given notice.

-The majority of the reductions are in Ericsson's Networks unit, but all parts of the organization in Sweden are to some extent affected, impacting all its Swedish sites except Falun, Hudiksvall, Kalmar and Katrineholm.

-The company originally expected to cut around 1,550 jobs.

-At 0819 GMT shares traded 0.7% higher at 81.85.

-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics

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Financials ( SEK)
Sales 2016 230 804 M
EBIT 2016 19 379 M
Net income 2016 10 851 M
Finance 2016 13 975 M
Yield 2016 5,84%
P/E ratio 2016 18,83
P/E ratio 2017 14,43
EV / Sales 2016 0,86x
EV / Sales 2017 0,87x
Capitalization 212 370 M
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Telefonaktiebolaget LM Eri Technical Analysis Chart | ERIC B | SE0000108656 | 4-Traders
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Consensus
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Mean consensus HOLD
Number of Analysts 29
Average target price 69,9  SEK
Spread / Average Target 9,6%
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Managers
NameTitle
Hans Erik Vestberg President, Chief Executive Officer & Director
Leif Valdemar Johansson Chairman
Jan Magnus Frykhammar Chief Financial Officer & Executive Vice President
Ulf Ewaldsson Chief Technology Officer & Senior Vice President
Jan Ulf Sigvar J. Johansson Independent Director
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