Ericsson 3Q06 results

Publié le par Jean Arnal

Ericsson posted 17% rise in 3Q06 net profit to $839m on revenues of $5.6bn, up 12%. Revenues in the mobile division rose 5% to $3.8bn, while sales at professional services jumped 31% to $1.1bn. Gross margin decreased 3.5 points sequentially and 7.6 points yoy. Operating margin was almost flat at 21.5%, but increased sequentially by 3 points. Ericsson took charges of $296m related to restructuring at Marconi, $94m related to a career change program for employees in Sweden and sold its Defense unit for $422m in the quarter. Ericsson reiterares that the market for mobile telecommunications infrastructure should grow moderately in 2007. Ericsson is providing 60 out of 109 WCDMA networks commercially launched, and is powering 30 with HSDPA upgrades. Sales in WE grew by 19%, in Central, Eastern Europe, Middle Esat and Africa by 24%, in APAC by 38%, declined by 36% in NA and by 18% in LATAM. Sales in mobile networks grew 5% in the quarter and 8% in nine months. Fixed networks sales jumped 121% in the quarter and 138% in nine months, thanks to the integration of Marconi assets. Professional services increased by 31% in the quarter and 39% in nine months.

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