Finance
Ericsson's Q4 revenue, core profit rises on US demand recovery
Published by Global Banking & Finance Review®
Posted on January 24, 2025
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 24, 2025
2 min readLast updated: January 27, 2026
Ericsson's Q4 revenue increased by 1% due to strong North American demand, while Asian sales declined. Operating profit was 9.8 billion crowns.
STOCKHOLM (Reuters) - Swedish telecom equipment maker Ericsson reported on Friday a rise in fourth-quarter revenue and adjusted operating profit as its mainstay North American market returned to growth.
Net sales rose 1% to 72.9 billion crowns ($6.66 billion), beating estimates of 72.5 billion. In North America, sales were up 54%.
"We see further signs that the overall RAN (Radio Access Network) market is now stabilizing, with strong growth in North America supporting a return to Networks sales growth in Q4," CEO Borje Ekholm said in a statement.
Sales in Asia decreased by double digits, mainly in India, where demand fell following a rapid growth in 2023.
Operating profit excluding restructuring costs and impairments stood at 9.8 billion crowns compared with a year-earlier 7.4 billion. The mean EBIT forecast in an LSEG poll of analysts was 10.3 billion.
Ericsson proposed a dividend of 2.85 crowns per share for 2024, up from 2.70 crowns for 2023.
($1 = 10.9536 Swedish crowns)
(This story has been corrected to fix to profit of 9.8 billion crowns, not 10.2 billion; year-ago comparison of 7.4 billion, not 8.2 billion, in paragraph 5)
(Reporting by Supantha Mukherjee in Stockholm, editing by Anna Ringstrom and Louise Rasmussen)
The main topic is Ericsson's Q4 revenue and profit increase driven by US demand recovery.
North American sales increased by 54%, contributing significantly to the revenue growth.
Ericsson proposed a dividend of 2.85 crowns per share for 2024.
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