About: http://data.cimple.eu/news-article/345e80c9fe049b4a4f7305305bd5b5ba8eefc9382ed595c577ab457a

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About: http://data.cimple.eu/news-article/345e80c9fe049b4a4f7305305bd5b5ba8eefc9382ed595c577ab457a Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Swedish telecoms equipment maker Ericsson, one of Europe's key 5G suppliers, reported Wednesday better-than-expected third quarter results on the back of its highest profitability rating since 2006. Ericsson posted a three months to September net profit of 5.6 billion kronor (522 million euros, $622 million) compared with a loss in the same period the previous year of 6.9 billion kronor when it had to make large provisions. Sales were up just 0.6 percent at 57.5 billion kronor. The company said that while the coronavirus pandemic "has hurt revenues for several of our customers, and in some cases this has led to a reduction of capex (capital expenditure), we have not seen any negative impact on our business." The gross margin -- a broad measure of profitability -- came in at 43.2 percent, its highest level since 2006 and compared with analyst forecasts for 39.4 percent. "We remain positive on the longer-term outlook for the industry and on Ericsson," company head Borje Ekholm said in a statement. Ericsson has emerged as a key player in 5G systems along with Finland's Nokia and the Chinese group Huawei whose position has come under attack in the United States over allegations it effectively acts on Beijing's behalf. Huawei denies the charge but it has steadily been pushed out in the US and increasingly in the EU, leaving Ericsson and Nokia the main 5G suppliers there. hdy/sl/bmm/lc
schema:headline	Ericsson posts better-than-expected results
schema:mentions	Ericsson Huawei Capital expenditure Finland Sweden European Union 5G Pandemic United States China Gross margin Nokia Networks Swedish krona We Remain
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	68 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness
http://data.cimple...entionsConspiracy	harmful radiation conspiracy theory

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