Ericsson Q1 sales 49.3 bln Swedish crowns vs 55.0 bln; up organic 6% -2-
(Il Sole 24 Ore Radiocor) - Milano, 17 apr - Ericsson said that free cash flow before M&A was 5.9 billion crowns from 2.7 billion, driven by increased operating cash flow.
Cash flow from operating activities was 7.4 billion crowns from 4.4 billion driven by earnings and a reduction in operating net assets. Operating net assets decreased driven by annual IPR payments received in the quarter.
Ericsson said it approved an up to 15 billion crown share buyback that is expected to commence on April 23, 2026.
For the second quarter, Ericcson said it expects Networks Sales growth to be broadly similar to the three-year average seasonality and the adjusted gross margin to be in the range of 49-51%.
In Cloud Software and Services, it expects sales growth to be.
above three-year average seasonality.
(RADIOCOR) 17-04-26 08:22:11 (0146) 5 NNNN