From RTT News:

Ericsson (ERIC) reported a decline in fourth quarter net income to owners of the parent company, dropping to 3.39 billion Swedish kronor from 6.07 billion last year. Earnings per share also dropped to 1.02 kronor from 1.82 kronor. However, EBIT excluding restructuring charges amounted to 7.4 billion Swedish kronor compared to 8.1 billion last year. Net sales were 71.88 billion Swedish kronor, down 16% from prior year, with sales declining organically by 17%. The company is also expecting market uncertainties to prevail into 2024 with a further decline of the RAN market outside China.



Read more: Ericsson Q4 Net Income Declines; Sales Down 17% Organically