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Business Summary: Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks. The IT & Cloud business includes two business units: IT & Cloud Products and IT & Cloud Services. The focus in IT & Cloud is to help telecom operators and selected enterprises through the digital transformations ahead. It develops and delivers software-based solutions for television and media and combines a product portfolio that spans the television value chain, with systems integration and managed services. The portfolio includes compression, content publishing through set-top box or pure over-the-top, content delivery and analytics.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, Telefonaktiebolaget LM Ericsson - ADR revenues decreased 6% to SEK247.88B. Net income totaled SEK20M vs. loss of SEK26.45B. Revenues reflect Networks segment decrease of 8% to SEK158.21B, Cloud Software and Services segment decrease of 2% to SEK62.64B, India segment decrease of 51% to SEK15.19B, Other Country segment decrease of 67% to SEK4.04B.