Our vision is a Networked Society, where every person and every industry is empowered to reach their full potential. At Ericsson, we strive to connect everyone and everything,. Because by being connected, people can take active part in the emerging global collaboration that is the Networked Society.

Ericsson is the world’s leading provider of technology and services to telecom operators. With more than 110,000 professionals, and customers in 180 countries, we combine global scale with technology and services leadership. Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the communications industry and other sectors to do better business, increase efficiency, improve their users’ experience and capture new opportunities. It is our job to take the lead in enabling this, and we are shaping our decisions around that. By enabling the Networked Society, we make a real difference to people’s lives, and the world we live in.

Ericsson is the world’s leading provider of technology and services to telecom operators. With more than 110,000 professionals, and customers in 180 countries, we combine global scale with technology and services leadership. Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the communications industry and other sectors to do better business, increase efficiency, improve their users’ experience and capture new opportunities. It is our job to take the lead in enabling this, and we are shaping our decisions around that. By enabling the Networked Society, we make a real difference to people’s lives, and the world we live in.

Ericsson is headquartered in Stockholm, SE

President & CEO

Executive Vice President

SVP, CTO

SVP, CLO

SVP, Chief Marketing and Communications Officer

Ericsson has offices in Stockholm, Paris, Ottawa, Ontario and in 135 other locations

Stockholm, SE (HQ)

Torshamnsgatan 21, 164 40 Kista

Ericsson's revenue was reported to be kr49.9 b in Q2, 2017

SEK

## Revenue (Q2, 2017) | 49.9 b |

## Gross profit (Q2, 2017) | 13.9 b |

## Gross profit margin (Q2, 2017), % | 28% |

## Net income (Q2, 2017) | (996 m) |

## EBIT (Q2, 2017) | (1.2 b) |

## Market capitalization (10-Jul-2017) | 23.8 b |

## Closing share price (10-Jul-2017) | 7.2 |

## Cash (30-Jun-2017) | 21.4 b |

## EV | 32.7 b |

Ericsson's current market capitalization is $23.8 b.

SEK | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 227.4 b | 228 b | 246.9 b | 222.6 b |

## Revenue growth, % | 0% | 8% | (10%) | |

## Cost of goods sold | 151 b | 145.6 b | 161.1 b | 156.2 b |

## Gross profit | 76.4 b | 82.4 b | 85.8 b | 66.4 b |

## Gross profit Margin, % | 34% | 36% | 35% | 30% |

## R&D expense | 32.2 b | 36.3 b | 34.8 b | 31.6 b |

## General and administrative expense | 26.3 b | 27.1 b | 29.3 b | 28.9 b |

## Operating expense total | 58.5 b | 63.4 b | 64.1 b | 60.5 b |

## EBIT | 17.8 b | 16.8 b | 21.8 b | 6.3 b |

## EBIT margin, % | 8% | 7% | 9% | 3% |

## Interest expense | 2.1 b | 2.3 b | 2.5 b | 2.2 b |

## Interest income | 1.3 b | 1.3 b | 525 m | (115 m) |

## Pre tax profit | 17.1 b | 15.8 b | 19.9 b | 4 b |

## Income tax expense | 4.9 b | 4.7 b | 6.2 b | 2.1 b |

## Net Income | 12.2 b | 11.1 b | 13.7 b | 1.9 b |

SEK | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|

## Revenue | 46.4 b | 49.9 b |

## Cost of goods sold | 39.9 b | 36 b |

## Gross profit | 6.4 b | 13.9 b |

## Gross profit Margin, % | 14% | 28% |

## R&D expense | 9.1 b | 8.4 b |

## General and administrative expense | 9.9 b | 7.1 b |

## Operating expense total | 18.9 b | 15.4 b |

## EBIT | (12.3 b) | (1.2 b) |

## EBIT margin, % | (27%) | (2%) |

## Interest expense | 350 m | 83 m |

## Interest income | (82 m) | (22 m) |

## Pre tax profit | (12.8 b) | (1.2 b) |

## Income tax expense | 1.9 b | 176 m |

## Net Income | (10.9 b) | (996 m) |

SEK | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 41 b | 40.2 b | 37 b |

## Accounts Receivable | 77.9 b | 71.1 b | 68.1 b |

## Inventories | 28.2 b | 28.4 b | 30.3 b |

## Current Assets | 201.8 b | 189.5 b | 175.8 b |

## PP&E | 13.3 b | 15.9 b | 16.7 b |

## Goodwill | 38.3 b | 41.1 b | 43.4 b |

## Total Assets | 293.6 b | 284.4 b | 283.3 b |

## Accounts Payable | 24.5 b | 22.4 b | 25.3 b |

## Total Debt | 24.1 b | 25.1 b | 26.7 b |

## Current Liabilities | 100.8 b | 87.1 b | 94.8 b |

## Non-Current Liabilities | 47.4 b | 49.9 b | 48.1 b |

## Total Equity | 145.3 b | 147.4 b | 140.5 b |

## EPS | 3.5 | 4.1 | 0.5 |

## Debt to Equity Ratio | 0.2 x | 0.2 x | 0.2 x |

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0.1 x |

## Financial Leverage | 2 x | 1.9 x | 2 x |

SEK | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|

## Cash | 33 b | 21.4 b |

## Accounts Receivable | 65.7 b | 62.5 b |

## Inventories | 33.9 b | 34.2 b |

## Current Assets | 174.5 b | 157.8 b |

## PP&E | 16.6 b | 16.3 b |

## Goodwill | 43 b | 41.4 b |

## Total Assets | 292.2 b | 274.9 b |

## Accounts Payable | 25.8 b | 25 b |

## Total Debt | 37.3 b | 30.3 b |

## Current Liabilities | 104.3 b | 91.2 b |

## Non-Current Liabilities | 61.1 b | 60 b |

## Total Equity | 126.8 b | 123.8 b |

## EPS | (3.3) | (0.3) |

## Debt to Equity Ratio | 0.3 x | 0.2 x |

## Debt to Assets Ratio | 0.1 x | 0.1 x |

## Financial Leverage | 2.3 x | 2.2 x |

SEK | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 11.1 b | 13.7 b | 1.9 b |

## Accounts Receivable | 1.2 b | 7 b | 5.9 b |

## Inventories | (2.9 b) | (366 m) | (613 m) |

## Accounts Payable | 1.3 b | (2.7 b) | 2.8 b |

## Cash From Operating Activities | 18.7 b | 20.6 b | 14 b |

## Purchases of PP&E | (5.3 b) | (8.3 b) | (6.1 b) |

## Cash From Investing Activities | (7.5 b) | (8 b) | (8.3 b) |

## Dividends Paid | (9.8 b) | (11.3 b) | (12.3 b) |

## Cash From Financing Activities | (18.2 b) | (10.7 b) | (11.7 b) |

SEK | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|

## Net Income | (10.9 b) | (996 m) |

## Depreciation and Amortization | 5.4 b | 2.2 b |

## Accounts Receivable | 2.4 b | 450 m |

## Inventories | (3.6 b) | (1.1 b) |

## Accounts Payable | 626 m | 41 m |

## Cash From Operating Activities | (1.5 b) | 1 m |

## Purchases of PP&E | (1 b) | (1 b) |

## Cash From Investing Activities | (13.6 b) | (2 b) |

## Dividends Paid | (4 m) | (3.2 b) |

## Cash From Financing Activities | 10.9 b | (8.9 b) |

Y, 2017 | |
---|---|

## P/E Ratio | (24.1) |

## EV/EBIT | -26.5 x |

## EV/CFO | 32.7 k x |

## Debt/Equity | 0.2 x |

## Debt/Assets | 0.1 x |

## Financial Leverage | 2.2 x |

Source: 1.6 k public H-1B filings from Ericsson