| 2009-01-21 - Sales SEK 67.0 (54.5) b., up 23%, full year SEK 208.9 (187.8) b., up 11%
- Operating income SEK 9.2 (7.6) b., full year SEK 23.9 (30.6) b.
- Operating margin 13.7% (14.0%), full year 11.4% (16.3%)
- Cash flow SEK 7.0 (12.0) b., full year SEK 24.0 (19.2) b.
- Net income SEK 4.1 (5.8) b., full year SEK 11.7 (22.1) b.
- Earnings per share SEK 1.21 (1.77), full year SEK 3.52 (6.84)
- Board of Directors proposes dividend of SEK 1,85 per share Live press conference Thursday January 29 at 09:00 CET
Watch the press conference here.
CEO comments
“We have had a solid performance in 2008,” said Carl-Henric Svanberg, President and CEO of Ericsson. “Sales grew by 11% with good demand for our entire portfolio and across the world. Changes in currency rates had very small effect on full year growth. Professional services have continued to show strong growth. Operating margins, excluding Sony Ericsson, have steadily improved, and our financial position is strong with net cash of SEK 35 b. Sony Ericsson is affected by the economic downturn and the declining demand in the consumer market and has taken necessary actions.
During the year, we saw some 650 million new mobile subscriptions and the 4 billion milestone is now reached. 2008 was also a breakthrough year for mobile broadband. Communication is a basic human need. It plays a critical role in the development of a sustainable and prosperous society, and the positive long-term prospects for the industry remain.
Read the full report on www.ericsson.com
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