The analyst firm remains neutral on the stock, with an unchanged target price of SEK 54, indicating a downside potential of -12%.

Ericsson reported a net loss of SEK 26.1 billion for 2023, compared with a profit of SEK 19.1 billion for 2022.

' Ericsson's Q4 sales were 6% below consensus, but operating income was 9% higher, thanks to an improved mix and better cost control. The outlook for 2024 remains uncertain as the RAN market declines. Based on the weaker Q4 forecasts, we expect full-year 2024 EBIT to decline', says UBS.

'Looking ahead to 2024, we expect the market outside China to continue to decline, with similar uncertainties to those encountered in 2023', says CEO Börje Ekholm.

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