Ericsson, a multinational telecommunications company says its reported sales in the first quarter of 2025 were 55 billion sek (N9,060 trillion), with adjusted gross income increasing to 26.7 billion sek (N4,400 trillion).
In a statement on Tuesday, Ericsson said that the reported sales and gross revenue were driven by sales growth and strong gross margin expansion.
The company’s President and Chief Executive Officer, Börje Ekholm, said that the first-quarter 2025 results showcased solid momentum in technology leadership and programmable networks.
He noted that the company’s adjusted gross margin was 48.5 per cent supported by improvements in all segments with strong operational execution.
“Adjusted Earnings before Interest, Taxes, and Amortisation (EBITA) was 6.9 billion sek (N1,135 trillion), with a margin of 12.6 per cent.
“Net income was 4.2 billion sek (N692 billion), and earnings per share (EPS) diluted was 1.24 sek (N202.56),” he said.
Ekholm said Ericsson had sustained solid momentum in quarter one, despite a challenging and fast-changing macro backdrop.
He notèd that the quarter one result demonstrated the company’s ability to navigate a challenging market environment and deliver strong financial performance.
Ekholm said Ericsson had extended its technology leadership position with an expanded high-performing and energy-efficient product portfolio.
He noted that the company had also announced the first Asia Pacific programmable network, including deployment of 5G advanced, with Telstra.
Ekholm added that Ericsson had deployed network API fraud detection with all three USA operators and furthered Aduna partnerships.
“The company is on track to offer a portfolio of 130 radios this year that support programmable networks.
“Looking ahead, Ericsson remains confident about its strong position in Mobile Networks and expects enterprise to stabilise all through 2025.
“We are not immune, but we are resilient, with well-diversified production close to the customer and the flexibility to adapt to changing conditions over time,” the Ericsson boss said. (NAN)
