Ericsson 4Q and FY results

Ericsson unveiled 4Q06 results, with 13% growth in profit to €1.1bn, on sales of €6bn, up 18%. The operating margin was unchanged at 23%. Full year results were €19.7bn, up 17% and net income rose 6% to €2.9bn. Growth in revenues was driven by professional services (+30% in the quarter), Marconi sales and infrastructure demand. Sales in WE sere important in 4Q06, and grew 24% in 2006; sales were up 23% in CEMA, up 42% in APAC, 14% in LATAM, but down 18% in NA. Mobile networks reported annual sales of €4.2bn, up 12%; Fixed networks posted sales of €454m, 224%; professional services announced sales of €1bn, up 12%.