Ericsson announced financial results for the 3rd quarter of 2009

At last press conference today in Stockholm, President and CEO of Ericsson, Mr. Carl-Henric Svanberg, announced financial results for the outcomes of the 3 rd quarter 2009

In a statement the company indicated that overall sales in the region of Central and Eastern Europe, Middle East and Africa (CEMA) were down -11% year over year. The region is by far the most influenced by the economic climate, including restrictions on lending. The most notable growth has occurred in Egypt, Nigeria, Turkey and Saudi Arabia. Turkish market, where today is advancing rapidly deploy networks of 3G, is particularly strong. The region is the granting of licenses, in particular in Tunisia, where Ericsson has been selected as one of the main suppliers of a new network of the second and third generation. Also noted the increasing interest in managed services, and signed several new contracts.

• Sales volume decreased by 4% in your currency (by 12% in comparable currencies) and amounted to 46.4 billion kronor (5.9 billion dollars. U.S.), compared to 49.2 billion kronor in the same period last year.
• Operating profit of the company ¹) to the establishment of the joint venture amounted to 5.5 billion kronor (0.7 billion dollars. U.S.), compared with 5.6 billion kronor for the same period last year.
• Operating profit expressed as a percentage ¹) to create the joint venture amounted to 11.7% (11.5% last year).
• Share of profit from the creation of joint venture ¹) was -1.5 billion Swedish kronor (0.0 billion kronor for the same period last year).
• Profit after financial items ¹) amounted to 4.0 billion Swedish kronor (6.2 billion SEK).
• restructuring costs amounted to 2.7 billion Swedish kronor (1.9 billion SEK), with the exception of JV
• Net profit amounted to 0.8 billion kronor (0.1 billion dollars. U.S.). compared with 2.9 billion kronor a year earlier.
• Yield per share amounted to 0.25 Swiss francs. crowns for the 3rd quarter 2009 (compared to 0.89 Swiss francs. kroons a year earlier)
• The indicator of cash flows ²) for the 3rd quarter of 2009 amounted to 6.9 billion Swedish kronor (0.9 billion dollars. U.S.), compared with 2.7 billion kronor in the same period last year.