Telefonaktiebolaget LM Ericsson (publ)
(NASDAQ:ERIC)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Netw...

Website: http://www.ericsson.com

Founded: 1876

Full Time Employees: 99,826

Sector: Technology

Industry: Communication Equipment

5G Technology

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Quarterly

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Unit: USD	2025-10-14	2025-07-15	2025-04-16	2025-01-24	2024-10-15	2024-07-12	2024-04-17	2024-01-23	2023-10-17	2023-07-14	2023-04-21	2023-01-20	2022-10-20	2022-07-14	2022-04-14	2022-01-25	2021-10-19	2021-07-16	2021-04-21	2021-01-29	2020-10-21	2020-07-17	2020-04-22	2020-01-24	2019-10-17	2019-07-17	2019-04-17	2019-01-25	2018-10-18	2018-07-19	2018-07-18	2018-04-23	2018-04-20	2018-02-01	2018-01-31	2017-10-23	2017-10-20	2017-07-19	2017-07-18	2017-04-26	2017-04-25	2017-01-27	2017-01-26	2016-10-24	2016-10-21	2016-07-20	2016-07-19	2016-04-22	2016-04-21	2015-07-20	2015-01-29	2015-01-27	2014-12-31	2014-10-27	2014-10-24	2014-07-21	2014-07-18	2014-04-24	2014-04-23	2014-02-05	2014-01-30	2013-12-31	2013-10-25	2013-10-24	2013-07-19	2013-04-25	2013-04-24	2013-02-01	2013-01-31	2012-12-31	2012-10-29	2012-10-26	2012-07-18	2012-04-26	2012-04-25	2012-01-19	2011-12-31	2011-10-14	2011-07-21	2011-07-15	2011-04-27	2011-04-19	2011-01-25	2011-01-24	2010-12-31	2010-10-22	2010-10-15	2010-07-23	2010-07-16	2010-04-23	2010-04-16	2010-01-25	2010-01-22	2009-12-31	2009-10-22	2009-10-16	2009-07-24	2009-07-16	2009-04-30	2009-04-17	2009-01-21	2009-01-16	2008-12-31	2008-10-20	2008-10-17	2008-07-22	2008-07-18	2008-04-25	2008-04-23	2008-02-01	2008-01-16	2007-12-31	2007-10-25	2007-10-11	2007-07-12	2007-04-26	2007-04-24	2007-04-20	2007-02-02	2006-12-31	2006-07-21	2006-04-21	2006-01-31	2005-12-31	2005-10-21	2005-07-21	2005-04-22	2005-03-31	2005-02-10	2004-12-31	2004-10-22	2004-07-21	2004-04-19	2004-02-06	2003-12-31	2003-10-30	2003-07-18	2003-04-29	2003-02-07	2002-12-31

net sales	56,239	56,132	55,025	72,913	61,794	59,848	53,325	71,881	64,473	64,444	62,553	85,980	68,040	62,465	55,061	71,332	56,263	54,941	49,778	69,590	57,472	55,578	49,750	66,373	57,127	54,810	48,906	63,809	53,810	49,808	49,808	43,411	43,411	57,199	57,199	47,796	47,796	49,939	49,939	46,369	46,369	65,215	65,215	51,076	51,076	54,108	54,108	52,209	52,209	60,671	67,986	67,986		57,643	57,643	54,849	54,849	47,505	47,505	67,032	67,032		52,981	52,981	55,331	52,032	52,032	66,936	66,936		54,550	54,550	55,319	50,974	50,974	1		1,586	54,770	1,193	52,966	1,145	62,783	1,528		47,481	1,603	47,972	1,757	206,477	1,405	58	1,750	206,328.9	46.4	1,619	52,142	1,684	49,569	1,736	67,025	2,914		49,198	2,808	48,532	2,820	44,175	2,702	54,460	3,771		43,545	3,108	3,112	42,156	54,211	2,925	53,683		44,166	39,176	45,665		36,245	38,444	31,467	28,111	39,430		31,836	32,595	28,111	36,227		28,039	27,613	25,859	36,749
yoy	-8.99%	-6.21%	3.19%	1.44%	-4.16%	-7.13%	-14.75%	-16.40%	-5.24%	3.17%	13.61%	20.53%	20.93%	13.69%	10.61%	2.50%	-2.10%	-1.15%	0.06%	4.85%	0.60%	1.40%	1.73%	4.02%	6.16%	10.04%	-1.81%	46.99%	23.95%	-12.92%	-12.92%	-9.17%	-9.17%	14.54%	14.54%	3.08%	3.08%	-23.42%	-23.42%	-9.22%	-9.22%	20.53%	20.53%	-2.17%	-2.17%	-10.82%	-20.41%	-23.21%		5.25%	17.94%	23.95%		21.34%	21.34%	-18.17%	-18.17%		-10.34%	26.52%	21.15%		1.82%	-20.85%	-17.34%		-4.62%	22.71%	21.00%		7.02%	5454900.00%		3114.00%	-6.93%	-99.92%		38.52%	-12.76%	-21.92%		-97.59%	3816.59%	-96.81%		-77.00%	14.09%	82610.34%	0.40%	0.07%	2928.02%	-96.42%	-96.64%	12152.31%	-99.91%	-6.74%	-22.21%	-42.21%		-96.47%	2286.93%	-94.00%		11.37%	3.92%	-10.89%	-25.22%		-93.79%	1652.25%	21.18%		-19.67%	6.26%	-94.20%		22.74%	-92.53%	17.56%		21.85%	1.90%	45.12%		-8.08%		-1.16%	-13.76%	40.27%			16.25%	1.80%	40.09%
qoq	0.19%	2.01%	-24.53%	17.99%	3.25%	12.23%	-25.81%	11.49%	0.05%	3.02%	-27.25%	26.37%	8.92%	13.45%	-22.81%	26.78%	2.41%	10.37%	-28.47%	21.09%	3.41%	11.71%	-25.04%	16.18%	4.23%	12.07%	-23.36%	18.58%	8.03%	0.00%	14.74%	0.00%	-24.11%	0.00%	19.67%	0.00%	-4.29%	0.00%	7.70%	0.00%	-28.90%	0.00%	27.68%	0.00%	-5.60%	0.00%	3.64%	0.00%	-13.95%	-10.76%	0.00%			0.00%	5.09%	0.00%	15.46%	0.00%	-29.13%	0.00%			0.00%	-4.25%	6.34%	0.00%	-22.27%	0.00%			0.00%	-1.39%	8.52%	0.00%	5097300.00%			-97.10%	4490.95%	-97.75%	4525.85%	-98.18%	4008.84%			2862.01%	-96.66%	2630.34%	-99.15%	14595.87%	2322.41%	-96.69%	-99.15%	444574.35%	-97.13%	-96.90%	2996.32%	-96.60%	2755.36%	-97.41%	2200.10%			1652.07%	-94.21%	1620.99%	-93.62%	1534.90%	-95.04%	1344.18%			1301.06%	-0.13%	-92.62%	-22.24%	1753.37%	-94.55%			12.74%	-14.21%			-5.72%	22.17%	11.94%	-28.71%			-2.33%	15.95%	-22.40%			1.54%	6.78%	-29.63%
cost of sales	-29,462	-29,483	-28,488	-40,206	-33,609	-34,033	-30,667	-43,276	-39,745	-40,343	-38,385	-50,411	-39,905	-36,163	-31,772	-40,511	-31,487	-31,084	-28,483	-41,333	-32,710	-34,661	-29,962	-41,939	-35,587	-34,739	-30,127	-47,430	-34,180	-32,475	-32,475	-28,553	-28,553	-45,160	-45,160	-35,661	-35,661	-36,006	-36,006	-39,931	-39,931	-48,195	-48,195	-36,616	-36,616	-36,613	-36,613	-34,819	-34,819		-43,100	-43,100		-37,362	-37,362	-34,910	-34,910	-30,184	-30,184	-42,171	-42,171		-36,028	-36,028	-37,412	-35,394	-35,394		-46,133				-37,611	-33,985	-33,985	-985		-1,159	-34,064	-828	-32,578	-763	-40,995	-1,069		-29,337	-1,130	-30,235	-1,266	-136,278	-975	-39	-1,341			-1,367	-34,531	-1,483	-31,957	-1,591	-44,522	-2,476		-31,577	-2,192	-31,206	-2,168	-27,356	-1,914	-34,809	-2,573		-28,050	-2,154	-2,192	-24,034	-31,331	-2,039	-31,248		-25,598	-22,219	-25,497		-19,862	-20,797	-16,213	-15,544	-21,451		-16,849	-17,020	-15,544	-21,944		-19,084	-19,011	-18,862	-24,779
gross income	26,777	26,649	26,537	32,707	28,185	25,815	22,658	28,605	24,728	24,101	24,168	35,569	28,135	26,302	23,289	30,821	24,776	23,857	21,295	28,257	24,762	20,917	19,788	24,434	21,540	20,071	18,779	16,379	19,630	17,333	17,333	14,858	14,858	12,039	12,039	12,135	12,135	13,933	13,933	6,438	6,438	17,020	17,020	14,460	14,460	17,495	17,495	17,390	17,390	20,135	24,886	24,886		20,281	20,281	19,939	19,939	17,321	17,321	24,861	24,861		16,953	16,953	17,919	16,638	16,638	20,803	20,803		16,580	16,580	17,708	16,989	16,989				20,706		20,388		21,788			18,144		17,737		70,199		18					17,611		17,612		22,503			17,621		17,326		16,819
research and development expenses 1)	-11,510			-13,877	-13,140
selling and administrative expenses 1)	-7,913			-10,512	-9,380
impairment reversals/losses on trade receivables	46
operating expenses	-19,377	-20,358	-20,621	-24,391	-22,442	-38,084	-20,519	-22,686	-21,629	-24,733	-21,139	-24,909	-21,283	-19,365	-17,473	-19,384	-16,359	-17,352	-15,976	-17,571	-16,121	-17,045	-15,543	-19,028	-14,217	-16,331	-14,639	-17,964	-16,422	-17,205	-17,205	-15,257	-15,257	-18,863	-18,863	-17,354	-17,354	-15,417	-15,417	-18,929	-18,929	-17,689	-17,689	-14,093	-14,093	-14,514	-14,514	-14,205	-14,205		-17,775	-17,775		-15,281	-15,281	-15,625	-15,625	-14,727	-14,727	-16,125	-16,125		-13,488	-13,488	-14,376	-14,520	-14,520		-16,386				-14,952	-14,248	-14,248			-397	-15,849	-408	-14,432		-15,723	-427		-13,464	-420	-14,909	-463	-59,963	-423	-16	-599			-465	-15,894	-480	-13,943	-528	-16,520	-725		-14,163	-640	-15,203	-653	-14,672	-610	-15,190	-724		-12,012	-560	-604	-11,775	-13,226	-545	-13,309		-12,124	-11,540	-11,710		-10,067	-10,162	-9,315	-8,734	-10,264		-8,918	-9,189	-8,734	-13,229		-13,623	-12,011	-12,150	-16,181
other operating income and expenses 2)	7,715			-50	4
share of earnings of associated companies	36	33	7	-308
earnings before financial items and income tax	15,151	6,391	5,931	7,958	5,774	-13,519	4,100	5,848	-28,908	-312	3,046	7,853	7,115	7,308		11,861	8,835	5,823	5,261
financial income and expenses	-212	34	-74	-391	-501	-361	-471	-938	-719	-419	-917	-474	-535	-759	-643	-945	-598	-454	-533	-95	109	292	-902	-71	-685	-441
income after financial items	14,939	6,425	5,857	7,567	5,273	-13,880	3,629	4,910	-29,627	-731	2,129	7,379	6,580	6,549	4,101	10,916	8,237	5,369	4,728	10,913	8,752	4,143	3,404	6,054	-4,881	3,298	4,291	-2,567	2,602	-645	-645	-853	-853	-20,273	-20,273	-5,114	-5,114	-1,172	-1,172	-12,771	-12,771	-963	-963	-256	-256	2,236	2,236	3,009	3,009	3,032	5,842	5,842		3,748	3,748	3,802	3,802	2,419	2,419	8,912	8,912		4,302	4,302	2,163	1,721	1,721		-3,877		3,211	3,211	1,772	9,076	9,076				4,593		5,827		5,992			5,076	62	2,894	31	6,243	18	1	-190	6,230.8	4	-199	1,138	-283	2,578	-370	6,516	-261		4,140	-23	2,881	8	3,689	193	7,597	501		5,583	384	327	8,264	12,155	362	12,155		8,291	6,679	10,073		8,032	8,488	6,742	4,313	9,254		7,018	7,813	4,313	1,830		-4,313	-3,585	-6,035	-7,950
income tax 1)	-3,639			-2,688	-1,392
net income	11,300	4,626	4,217	4,879	3,881	-10,999	2,613	3,409	-30,491	-597	1,575	6,190	5,360	4,650	2,912	10,146	5,766	3,900		7,192	5,566	2,585	2,280	4,484	-6,894	1,847	2,403	-6,497	2,748	-1,802	-1,802	-725	-725	-18,864	-18,864	-4,348	-4,348	-996	-996	-10,855	-10,855	-1,597	-1,597	-180	-180	1,566	1,566	2,106	2,106	2,123	4,165	4,165		2,624	2,624	2,662	2,662	1,692	1,692	6,444	6,444		3,010	3,010	1,516	1,204	1,204		-6,255		2,184	2,184	1,205	8,804	8,804	-207			3,216	-50	4,080	11	4,381	8		3,553	49	2,027	12	4,127	21	725	-167	4,123.6	0.8	-164	797	-213	1,833	-293	4,064	-187		2,938	-25	2,046	6	2,619	133	5,823	373		3,954	267	220	5,849	9,803	254	9,803		5,732	4,605	8,638		5,383	5,795	4,644	2,993	5,977		4,764	5,290	2,993	142		-3,946	-2,728	-4,312	-8,329
yoy	191.16%	-142.06%	61.39%	43.12%	-112.73%	1742.38%	65.90%	-44.93%	-668.86%	-112.84%	-45.91%	-38.99%	-7.04%	19.23%		41.07%	3.59%	50.87%		60.39%	-180.74%	39.96%	-5.12%	-169.02%	-350.87%	-202.50%	-233.35%	796.14%	-479.03%	-90.45%	-90.45%	-83.33%	-83.33%	1793.98%	1793.98%	-59.94%	-59.94%	-37.63%	-37.63%	5930.56%	5930.56%	-201.98%	-201.98%	-108.55%	-108.55%	-26.24%	-62.40%	-49.44%		-19.09%	58.73%	56.46%		55.08%	55.08%	-58.69%	-58.69%		-43.79%	114.09%	325.07%		150.00%		-124.24%		-44.87%		-619.09%		-75.19%	-1155.07%			173.76%	314.00%			-26.59%	-725.00%		-99.69%	8840.82%	-99.61%		-13.91%	133.33%	179.59%	-107.19%	0.08%	2525.00%	-542.07%	-120.95%	-2035.96%	-99.96%	-44.03%	-80.39%	13.90%		-109.97%	-16356.00%	-109.14%		12.18%	-118.80%	-64.86%	-98.39%		-96.64%	2080.90%	69.55%		-59.67%	5.12%	-97.76%		71.02%	-94.48%	13.49%		6.48%	-20.53%	86.00%		-9.94%		-2.52%	-43.42%	99.70%			-234.06%	-209.71%	-103.29%
qoq	144.27%	9.70%	-13.57%	25.72%	-135.29%	-520.93%	-23.35%	-111.18%	5007.37%	-137.90%	-74.56%	15.49%	15.27%	59.68%	-71.30%	75.96%	47.85%			29.21%	115.32%	13.38%	-49.15%	-165.04%	-473.25%	-23.14%	-136.99%	-336.43%	-252.50%	0.00%	148.55%	0.00%	-96.16%	0.00%	333.85%	0.00%	336.55%	0.00%	-90.82%	0.00%	579.71%	0.00%	787.22%	0.00%	-111.49%	0.00%	-25.64%	0.00%	-0.80%	-49.03%	0.00%			0.00%	-1.43%	0.00%	57.33%	0.00%	-73.74%	0.00%			0.00%	98.55%	25.91%	0.00%					0.00%	81.24%	-86.31%	0.00%	-4353.14%				-6532.00%	-101.23%	36990.91%	-99.75%	54662.50%			7151.02%	-97.58%	16791.67%	-99.71%	19552.38%	-97.10%	-534.13%	-104.05%	515350.00%	-100.49%	-120.58%	-474.18%	-111.62%	-725.60%	-107.21%	-2273.26%			-11852.00%	-101.22%	34000.00%	-99.77%	1869.17%	-97.72%	1461.13%			1380.90%	21.36%	-96.24%	-40.33%	3759.45%	-97.41%			24.47%	-46.69%			-7.11%	24.78%	55.16%	-49.92%			-9.94%	76.75%	2007.75%			44.65%	-36.73%	-48.23%
net income margin %	20.09%	8.24%	7.66%	6.69%	6.28%	-18.38%	4.90%	4.74%	-47.29%	-0.93%	2.52%	7.20%	7.88%	7.44%	5.29%	14.22%	10.25%	7.10%	0%	10.33%	9.68%	4.65%	4.58%	6.76%	-12.07%	3.37%	4.91%	-10.18%	5.11%	-3.62%	-3.62%	-1.67%	-1.67%	-32.98%	-32.98%	-9.10%	-9.10%	-1.99%	-1.99%	-23.41%	-23.41%	-2.45%	-2.45%	-0.35%	-0.35%	2.89%	2.89%	4.03%	4.03%	3.50%	6.13%	6.13%	NaN%	4.55%	4.55%	4.85%	4.85%	3.56%	3.56%	9.61%	9.61%	NaN%	5.68%	5.68%	2.74%	2.31%	2.31%	0%	-9.34%	NaN%	4.00%	4.00%	2.18%	17.27%	17.27%	-20700.00%	NaN%	0%	5.87%	-4.19%	7.70%	0.96%	6.98%	0.52%	NaN%	7.48%	3.06%	4.23%	0.68%	2.00%	1.49%	1250.00%	-9.54%	2.00%	1.72%	-10.13%	1.53%	-12.65%	3.70%	-16.88%	6.06%	-6.42%	NaN%	5.97%	-0.89%	4.22%	0.21%	5.93%	4.92%	10.69%	9.89%	NaN%	9.08%	8.59%	7.07%	13.87%	18.08%	8.68%	18.26%	NaN%	12.98%	11.75%	18.92%	NaN%	14.85%	15.07%	14.76%	10.65%	15.16%	NaN%	14.96%	16.23%	10.65%	0.39%	NaN%	-14.07%	-9.88%	-16.68%	-22.66%
net income attributable to:
owners of the parent company	11,149	4,567	4,149	4,779	3,814	-11,132	2,559	3,394	-30,670	-686	1,516	6,066	5,214	4,504	2,940	10,076	5,752	3,679	3,187	7,522	5,353	2,452	2,156
non-controlling interests	151	59	68	100	67	133	54	15	179	89	59	124	146	146	-28	70	14	221	-19	-330	213	133	124	54	-665	142	86	56	3	83	83	112	112	-17	-17	104	104	14	14	42	42	7	7	53	53	-21	-21	140	140
other information
average number of shares, basic	3,333	3,333	3,333	3,333	3,333	3,332	3,331	3,330	3,330	3,330	3,330	3,330	3,330	3,330	3,330	3,330	3,330	3,329	3,328	3,328	3,326	3,322	3,317	3,313	3,308	3,304	3,300	3,296	3,293	3,290	3,290	3,286	3,286	3,283	3,283	3,279	3,279	3,275	3,275	3,272	3,272	3,268	3,268	3,264	3,264	3,261	3,261	3,258	3,258	3,247	3,241	3,241		3,238	3,238	3,235	3,235	3,233	3,233	3,230	3,230		3,227	3,227	3,224	3,222	3,222	3,219	3,219		3,217	3,217	3,215	3,212	3,212				3,204		3,202		3,200			3,198		3,196		3,190		3					3,188		3,187		3,185			3,184		3,183		15,905		15,896			15,894			15,883	15,877		15,877		15,869	15,866	15,859		15,845	15,835	15,756	15,749	15,832		15,830	15,829	15,749	15,825				15,820
earnings per share, basic	3.34		1.25	1.44	1.14	-3.34		1.02	-9.21	-0.21	0.46	1.82	1.56	1.36	0.88	3.03		1.1		2.26	1.61	0.74	0.65	1.34	-1.89	0.52	0.7	-1.99	0.84	-0.58	-0.58	-0.25	-0.25	-5.75	-5.75	-1.35	-1.35	-0.31	-0.31	-3.33	-3.33	-0.49	-0.49	-0.07	-0.07	0.49	0.49	0.6	0.6	0.64	1.3	1.3		0.82	0.82	0.8	0.8	0.66	0.66	1.98	1.98		0.91	0.91	0.46	0.37	0.37		-2.01		0.68	0.68	0.35	2.79	2.79				0.97		1.28		1.35			1.15		0.59		1.15		10					0.26		0.54		1.22			0.89		0.6		0.17		0.35			0.25			0.37	0.61		0.61		0.36	0.29	0.54		0.34	0.37	0.29	0.19	0.38		0.3	0.33	0.19	0.01		-0.25	-0.17	-0.27
earnings per share, diluted	3.33		1.24	1.44	1.14	-3.34		1.02	-9.21	-0.21	0.45	1.82	1.56	1.35	0.88	3.02		1.1		2.26	1.61	0.74	0.65	1.33	-1.89	0.51	0.7	-1.99	0.83	-0.58	-0.58	-0.25	-0.25	-5.68	-5.68	-1.34	-1.34	-0.3	-0.3	-3.29	-3.29	-0.48	-0.48	-0.07	-0.07	0.48	0.48	0.6	0.6	0.64	1.29	1.29		0.81	0.81	0.79	0.79	0.65	0.65	1.97	1.97		0.9	0.9	0.45	0.37	0.37		-1.99		0.67	0.67	0.34	2.76	2.76				0.96		1.27		1.34			1.14		0.58		1.14		10					0.26		0.54		1.21			0.89		0.59		0.17		0.35			0.25			0.36	0.61		0.61		0.36	0.29	0.54		0.33	0.37	0.29	0.19	0.38		0.3	0.33	0.19	0.01		-0.25	-0.17	-0.27
research and development expenses ¹		-12,212
selling and administrative expenses ¹		-8,180
impairment losses on trade receivables		34	32	-2	78	-84	-257	209	-115	-313	-49	99	38	3	-180	99	-27	100	-212	264	-28	42	-160	-173	200	151
other operating income and expenses ²		67
income tax		-1,799	-1,640				-1,016	-1,501	-864	134	-554	-1,189	-1,220	-1,899	-1,189	-770	-2,471	-1,469	-1,560	-3,721	-3,186	-1,558
earnings per share, basic (sek) ³		1.37
earnings per share, diluted (sek) ³		1.37					0.77										1.73
research and development expenses			-12,032				-11,571	-13,018	-11,897	-13,777	-11,972	-13,217	-11,880	-11,496	-10,705	-11,863	-10,155	-10,480	-9,576	-10,433	-10,101	-10,035	-9,145	-10,633	-9,497	-9,518	-9,167	-10,665	-9,388	-9,783	-9,783	-9,073	-9,073	-9,934	-9,934	-10,520	-10,520	-8,365	-8,365	-9,068	-9,068	-8,890	-8,890	-7,855	-7,855	-7,405	-7,405	-7,485	-7,485		-9,668	-9,668		-9,281	-9,281	-9,084	-9,084	-8,275	-8,275	-8,902	-8,902		-7,710	-7,710	-7,747	-7,877	-7,877		-9,247				-8,097	-8,016	-8,016	-268		-190	-8,108	-184	-7,991	-173	-8,592	-214		-7,689	-191	-7,751	-218	-33,055	-216	-9	-299			-260	-8,451	-245	-7,080	-303	-8,227	-359		-7,859	-337	-8,932	-344	-8,566	-339	-7,952	-349		-7,229	-280	-283	-6,453	-7,155	-261
selling and administrative expenses			-8,621				-8,691	-9,877	-9,617	-10,643	-9,118	-11,791	-9,441	-7,872	-6,588	-7,620	-6,177	-6,972	-6,188	-7,402	-5,992	-7,052	-6,238	-8,222	-4,920	-6,964	-6,031	-7,685	-6,625	-7,053	-7,053	-6,156	-6,156	-8,929	-8,929	-6,834	-6,834	-7,052	-7,052	-9,861	-9,861	-8,799	-8,799	-6,238	-6,238	-7,109	-7,109	-6,720	-6,720		-8,107	-8,107		-6,000	-6,000	-6,541	-6,541	-6,452	-6,452	-7,223	-7,223		-5,778	-5,778	-6,629	-6,643	-6,643		-7,139				-6,855	-6,232	-6,232	-270		-207	-7,741	-224	-6,441	-199	-7,131	-212		-5,775	-228	-7,158	-245	-26,908	-207	-7	-299			-205	-7,443	-235	-6,863	-225	-8,293	-366		-6,304	-303	-6,271	-310	-6,106	-270	-7,238	-375		-4,783	-280	-321	-5,322	-6,071	-284	-6,071		-5,263	-4,792	-5,332
other operating income and expenses 1)			8					-125					234										89					-294																																								345	345		341	341	530
share of earnings of jv and associated companies					27	49	-14	54	24	56	-10	17
research and development expenses ¹)						-14,926
selling and administrative expenses ¹)						-23,074
other operating income and expenses ²)						-1,299
income tax ¹)						2,881
other operating income and expenses ¹							1,975
earnings per share, basic (sek) ²							0.77										1.73
other operating income and expenses ¹)									-32,031					393										756	-11,305
other operating income and expenses										264	27								13	381	61	131				66	773		31	11	11	84	84	-12,927	-12,927	415	415	239	239	141	141	364	364	-3	-3	-230	-230	273	273	1,059	-837	-837		-1,134	-1,134	-206	-206	21	21	328	328		805	805	-1,040	20	20												166		343		581			620		500		3,082		878					1,640		342		1,502			332		704		439
other operating income and expenses¹)												-2,824			-1,065		500
share in earnings of jv and associated companies													29	-22	-7	-4	-82	-103	-71	-59	-59																																																																																-1,278			-131		62													2,210		992	697	1,013		673	393	316	517	609		654	538	517	256		247	-365	-742
earnings before financial item sand income tax															4,744
other operating income and expenses1)																428		-579																																																								7,749	7,749
net incom e																			3,168
earnings per share, basic (sek) ¹â¾																			0.96
earnings per share, diluted (sek) ²â¾																			0.96
operating income																				11,008	8,643	3,851	4,306	6,125	-4,196	3,739	4,896	-1,852	3,241	165	165	-312	-312	-19,756	-19,756	-4,798	-4,798	-1,233	-1,233	-12,339	-12,339	-280	-280	341	341	2,763	2,763	3,475	3,475	3,560	6,302	6,302		3,876	3,876	3,999	3,999	2,630	2,630	9,055	9,055		4,219	4,219	2,465	2,106	2,106		-3,803		3,096	3,096	2,078	9,087	9,087	-227		38	4,252	-37	5,831	19	6,244	39		5,210	63	3,020	36	5,918	20	1	-181			-193	1,213	-274	1,775	-369	6,207	-262		3,659	-33	2,889	-2	3,497	181	7,604	489		5,636	393	315	8,151	12,185	346	12,185		8,253	6,624	10,354		7,825	8,303	6,602	4,514	9,474		7,215	7,735	4,514	2,311		-3,990	-3,579	-5,981
yoy																				79.72%	-305.98%	3.00%	-12.05%	-430.72%	-229.47%	2166.06%	2867.27%	493.59%	-1138.78%	-100.84%	-100.84%	-93.50%	-93.50%	1502.27%	1502.27%	-61.12%	-61.12%	340.36%	340.36%	-3718.48%	-3718.48%	-110.13%	-110.13%	-90.19%	-90.19%	-22.39%	-56.16%	-44.86%		-8.15%	62.59%	57.59%		47.38%	47.38%	-55.84%	-55.84%		-37.66%	114.62%	267.34%		100.33%		-164.82%		-31.98%		-283.01%		-65.93%	-1463.88%		23813.16%	113.71%	513.51%		100.00%	-31.90%	-194.87%		-99.64%	9811.11%	-98.71%		-11.96%	215.00%	301900.00%	-119.89%			-100.52%	-114.92%			-47.70%	-80.46%	4.58%		-110.08%	-18909.09%	-109.07%		4.63%	-118.23%	-62.01%	-100.41%		-96.79%	1834.86%	55.24%		-53.75%	13.58%	-97.41%		47.64%	-94.78%	17.68%		5.47%	-20.22%	56.83%		-17.41%		-8.50%	-41.64%	109.88%			-293.86%	-226.12%	-138.64%
qoq																				27.36%	124.44%	-10.57%	-29.70%	-245.97%	-212.22%	-23.63%	-364.36%	-157.14%	1864.24%	0.00%	-152.88%	0.00%	-98.42%	0.00%	311.75%	0.00%	289.13%	0.00%	-90.01%	0.00%	4306.79%	0.00%	-182.11%	0.00%	-87.66%	0.00%	-20.49%	0.00%	-2.39%	-43.51%	0.00%			0.00%	-3.08%	0.00%	52.05%	0.00%	-70.96%	0.00%			0.00%	71.16%	17.05%	0.00%					0.00%	48.99%	-77.13%	0.00%	-4103.08%			-99.11%	-11591.89%	-100.63%	30589.47%	-99.70%	15910.26%			8169.84%	-97.91%	8288.89%	-99.39%	29490.00%	1900.00%	-100.55%				-115.91%	-542.70%	-115.44%	-581.03%	-105.94%	-2469.08%			-11187.88%	-101.14%	-144550.00%	-100.06%	1832.04%	-97.62%	1455.01%			1334.10%	24.76%	-96.14%	-33.11%	3421.68%	-97.16%			24.59%	-36.02%			-5.76%	25.76%	46.26%	-52.35%			-6.72%	71.36%	95.33%			11.48%	-40.16%
operating margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	15.82%	15.04%	6.93%	8.66%	9.23%	-7.35%	6.82%	10.01%	-2.90%	6.02%	0.33%	0.33%	-0.72%	-0.72%	-34.54%	-34.54%	-10.04%	-10.04%	-2.47%	-2.47%	-26.61%	-26.61%	-0.43%	-0.43%	0.67%	0.67%	5.11%	5.11%	6.66%	6.66%	5.87%	9.27%	9.27%	NaN%	6.72%	6.72%	7.29%	7.29%	5.54%	5.54%	13.51%	13.51%	NaN%	7.96%	7.96%	4.46%	4.05%	4.05%	0%	-5.68%	NaN%	5.68%	5.68%	3.76%	17.83%	17.83%	-22700.00%	NaN%	2.40%	7.76%	-3.10%	11.01%	1.66%	9.95%	2.55%	NaN%	10.97%	3.93%	6.30%	2.05%	2.87%	1.42%	1.72%	-10.34%	0%	0%	-11.92%	2.33%	-16.27%	3.58%	-21.26%	9.26%	-8.99%	NaN%	7.44%	-1.18%	5.95%	-0.07%	7.92%	6.70%	13.96%	12.97%	NaN%	12.94%	12.64%	10.12%	19.34%	22.48%	11.83%	22.70%	NaN%	18.69%	16.91%	22.67%	NaN%	21.59%	21.60%	20.98%	16.06%	24.03%	NaN%	22.66%	23.73%	16.06%	6.38%	NaN%	-14.23%	-12.96%	-23.13%	0%
gross margin																						37.6	39.8	36.8	37.7	36.6	38.4	25.7	36.5	34.8	34.8	34.2	34.2	21	21	25.4	25.4	27.9	27.9	13.9	13.9	26.1	26.1	28.3	28.3	32.3	32.3	33.3	33.3	33.2	36.6	36.6		35.2	35.2	36.4	36.4	36.5	36.5	37.1	37.1		32	32	32.4	32	32	31.1	31.1		30.4	30.4	32	33.3	33.3				37.8		38.5		34.7			38.2		37		34				9.075	36.2															19,651			15,495			18,122	22,880	886	22,435		18,568	16,957	20,168		16,383	17,647	15,254	12,567	17,979		14,987	15,575	12,567	14,283		8,955	8,602	6,997	8,488
yoy																						2.73%	3.65%	43.19%	3.29%	5.17%	10.34%	-24.85%	6.73%	65.71%	65.71%	34.65%	34.65%	-24.73%	-24.73%	82.73%	82.73%	6.90%	6.90%	-50.88%	-50.88%	-19.20%	-19.20%	-15.02%	-15.02%	-2.71%	-11.75%	-9.02%		-5.68%	3.98%	0.55%		-3.56%	-3.56%	-1.89%	-1.89%		14.06%	15.94%	14.51%		0.00%	2.89%	4.18%		5.26%	2.30%	-2.81%		-8.71%				-11.90%				8.93%							12.35%				274.66%																							-32.28%				23.22%	-94.78%	11.24%		13.34%	-3.91%	32.21%		-8.88%		1.78%	-19.31%	43.07%			73.93%	46.09%	104.13%
qoq																						-5.53%	8.15%	-2.39%	3.01%	-4.69%	49.42%	-29.59%	4.89%	0.00%	1.75%	0.00%	62.86%	0.00%	-17.32%	0.00%	-8.96%	0.00%	100.72%	0.00%	-46.74%	0.00%	-7.77%	0.00%	-12.38%	0.00%	-3.00%	0.00%	0.30%	-9.29%	0.00%			0.00%	-3.30%	0.00%	-0.27%	0.00%	-1.62%	0.00%			0.00%	-1.23%	1.25%	0.00%	2.89%	0.00%			0.00%	-5.00%	-3.90%	0.00%																				-74.93%																						-20.80%	2482.39%	-96.05%			9.50%	-15.92%			-7.16%	15.69%	21.38%	-30.10%			-3.78%	23.94%	-12.01%			4.10%	22.94%	-17.57%
gross margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.07%	0.08%	0.06%	0.07%	0.07%	0.08%	0.04%	0.07%	0.07%	0.07%	0.08%	0.08%	0.04%	0.04%	0.05%	0.05%	0.06%	0.06%	0.03%	0.03%	0.04%	0.04%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.05%	0.05%	0.05%	NaN%	0.06%	0.06%	0.07%	0.07%	0.08%	0.08%	0.06%	0.06%	NaN%	0.06%	0.06%	0.06%	0.06%	0.06%	0.05%	0.05%	NaN%	0.06%	0.06%	0.06%	0.07%	0.07%	0%	NaN%	0%	0.07%	0%	0.07%	0%	0.06%	0%	NaN%	0.08%	0%	0.08%	0%	0.02%	0%	0%	0%	0.00%	78.02%	0%	0%	0%	0%	0%	0%	0%	NaN%	0%	0%	0%	0%	0%	0%	36.08%	0%	NaN%	35.58%	0%	0%	42.99%	42.21%	30.29%	41.79%	NaN%	42.04%	43.28%	44.17%	NaN%	45.20%	45.90%	48.48%	44.70%	45.60%	NaN%	47.08%	47.78%	44.70%	39.43%	NaN%	31.94%	31.15%	27.06%	23.10%
shares in earnings of jv and associated companies																						-152	-28	-37	-214	-67	-17	27	2	26	26	3	3	-5		6	6	12	12	11	11	25	25	-23	-23	12	12	17	17	27	28	28		10	10	-109	-109	15	15	-9	-9		-51	-51	-38	-32	-32		-8,565				-1,208	-1,403	-1,403				-771		-468		-402			-90		-308		-7,400		-1					-2,144		-2,236
sek million																																																						2,014	2,014	2,014	2,014
taxes																							-1,124	-1,570	-2,013	-1,451	-1,888	-3,930	146	-1,157	-1,157	128	128	1,409	1,409	766	766	176	176	1,916	1,916	-634	-634	76	76	-670	-670	-903	-903		-1,677	-1,677		-1,124	-1,124	-1,140	-1,140	-727	-727	-2,468	-2,468		-1,292	-1,292	-647	-517	-517		-2,378				-567	-272	-272	46		-17	-1,377	-3	-1,747	-5	-1,611	-27		-1,523	-12	-867	-16	-2,116	6	-656	36			42	-341	74	-745	84	-2,452	81		-1,202	6	-835		-1,070	-57	-1,774	-118		-1,629	-109	-97	-2,415	-2,352	-100	-2,352		-2,559	-2,074	-1,435		-2,649	-2,693	-2,098	-1,243	-3,166		-2,218	-2,450	-1,243	-1,607		400	820	1,847	-276
stockholders of the parent company																								4,430	-6,229	1,705	2,317	-6,553	2,745	-1,885	-1,885	-837	-837	-18,847	-18,847	-4,452	-4,452	-1,010	-1,010	-10,897	-10,897	-1,604	-1,604	-233	-233	1,587	1,587	1,966	1,966	2,094				5,180	5,180	4,792	4,792																																												3,885			2,842		1,901		2,645		5,642			3,970			5,815	9,731		9,731
impairment losses on trade receivables 1)																											559	386	-409	-369	-369	-28	-28
financial income																											38	-294	-225	275	275	-72	-72	-122	-122	-135	-135	-22	-22	-82	-82	61	61	-226	-226	139	139	-89	-89		179	179		429	429	268	268	401	401	184	184		678	678	304	180	180	438	438		390	390	618	262	262	4		7	977	5	302	3	131	2		168	7	470	2	1,874	7	314	4			3	4	6	1,260	9	1,191	28		1,099	25	503	25	665	22	510	19		389	7	18	556	366	18	366		567	522	362		697	881	713	932	656		966	987	932	1,240		741	850	1,164	2,155
financial expenses																											-643	-421	-414	-1,085	-1,085	-469	-469	-395	-395	-181	-181	83	83	-350	-350	-744	-744	-371	-371	-666	-666	-377	-377		-639	-639		-557	-557	-465	-465	-612	-612	-327	-327		-595	-595	-606	-565	-565		-512				-924	-273	-273	-24		-14	-636	-10	-306	-8	-383	-6		-302	-8	-596	-7	-1,549	-9	-719	-12			-9	-79	-15	-457	-10	-882	-27		-618	-15	-511	-14	-473	-10	-517	-7		-442	-16	-6	-443	-396	-2	-396		-529	-467	-643		-490	-696	-573	-1,133	-876		-1,163	-909	-1,133	-1,721		-1,064	-856	-1,218	-1,906
non–controlling interests																																																		29
- stockholders of the parent company																																																			4,223	4,223		2,646	2,646	2,579	2,579	2,120	2,120					2,921	1,469		1,205		-6,462		2,177	2,177	1,110	8,950					3,116		4,103		4,324			3,677		1,881		3,672		314					831		1,717
- non-controlling interests																																																			-58	-58		-22	-22	83	83	-428	-428					89	47		-1	207	207		7	7	95	-146					100		-23		57			-124
statement of comprehensive income
other comprehensive income
items that will not be reclassified to profit or loss
remeasurements of defined benefits pension plans incl. asset ceiling																																																						-441	-441	-574	-574
tax on items that will not be reclassified to profit or loss																																																						96	96	114	114
items that may be reclassified to profit or loss
cash flow hedges
gains/losses arising during the period																																																																																										672
reclassification adjustments for gains/losses included in profit or loss
adjustments for amounts transferred to initial carrying amount of hedged items																																																																																										-1,029
revaulation of other investments in shares and participations
fair value remeasurement																																																						39	39																																			-2
changes in cumulative translation adjustments																																																						2,656	2,656	2,619	2,619																																	-1,361
share of other comprehensive income on jv and associated companies																																																						234	234	117	117
tax on items that may be reclassified to profit or loss
total other comprehensive income, net of tax																																																						2,584	2,584	2,276	2,276
total comprehensive income																																																						5,208	5,208	4,938	4,938																																	4,612
total comprehensive income attributable to:
non-controlling interest																																																						28	28	146	146
operating income before shares in earnings of jv and associated companies																																																												9,064	9,064		4,270	4,270	2,503	2,138	2,138	4,762	4,762		3,651	3,651	3,286	10,490	10,490				5,023		6,299		6,646			5,300		3,328		13,318		3					3,357		4,011
operating margin before shares in earnings of jv and associated companies																																																												13.5	13.5		8.1	8.1	4.5	4.1	4.1	7.1	7.1		6.7	6.7	5.9	20.6	20.6				9.2		11.9		10.6			11.2		6.9		6.5
—stockholders of the parent company																																																												6,410	6,410		2,921			1,205
—non-controlling interests																																																												34	34		89			-1
-stockholders of the parent company																																																																											8,950
-non-controlling interests																																																																											-146
gross profit																																																																												303		427		365		382		459			473		492		429		409			252		200		145		438			616		653		788		1,198			954	921
gross margin %																																																																												24		27		31		33		30			29.5		28		30.6	326	23.4			15.5	33.8	11.9	35.5	8.4	33.6	15		35.8	21.9	35.7	23.1	38.1	29.2	36.1	31.8		35.6	30.7		43	42.2	30.3	41.8		42	43.3	44.2		45.2	45.9
operating expenses**																																																																												-538
other operating income																																																																												8		8		6		10		7			10		7		14		8			21		6		13		24			-8		-2		3	781	15		402	-1	-2	162	321	5	849		817	510	883
operating margin %																																																																												-18		2		-3		2		3			4		2.1		1.4		-10.4			-11.9		-16.3		-21.3	9.3	-9		7.4	-1.2	6	-0.1	7.9	6.7	14	13		12.9	12.7		19.3	22.5	11.8	22.7		18.7	16.9	22.7		21.6	21.6
income before taxes																																																																												-247		31		-42		15		35																																																							-8,053
minority interest																																																																												-6		-14		-5		1					-2		-4		-3		-12			-6		-4		-6		-7			-8		-3	-26	-3	181	-10		-16	-8	-10	34	72	-9	72									-77	-111		-36	-73	-77	-81		-33	37	-124
number of units shipped																																																																												90		9.5		7.6		8.1		11.2			10.4		11		10.5		14.6			14.1		13.8		14.5		24.2			25.7		24.4		22.3		30.8			25.9	24.9			21.8
asp																																																																												143		166		156		141		136			154		160		134		120			114		122		120		121			109		116		121		123			120	125			134
eur million																																																																																													2,009			2,009		2,009
restructuring charges																																																																												2,011		2,011		2,011		2,011		2,010			2,010		2,010
total																																																																												-93								-3			4		32		3		150			2		1																																				-3,644		-5,277	-3,397	-2,574	-5,886
operating expenses*																																																																																		-372
sales and administrative expenses																																																																																				-5			11		-2		3		37			1		1
- minority interests																																																																																								146		455		411					-34		116
actuarial gains and losses, and the effect of the asset ceiling, related to pensions																																																																																										-605
revaluation of other investments in shares and participations
reclassification adjustments for gains /losses included in profit or loss																																																																																										3,850
tax on items relating to components of oci																																																																																										-1,040
total other comprehensive income																																																																																										485
operating margin % before shares in earnings of jv and associated companies																																																																																												56					6.4		8.1
sales by quarter 2008 and 2009
sek b.
net sales for comparable units																																																																																														37.025	46.4
ebitda margin excl jvs																																																																																														3.825	15.8
operating income excl jvs																																																																																														4.275	5.5
operating margin excl jvs																																																																																														2.875	11.7
eps diluted, sek																																																																																														0.263	0.25
adjusted cash flow1)																																																																																														3.775	6.9
cash flow from operations																																																																																														3	5.7
minority interests																																																																																																					179			96		145
share in earnings of jvs and associated companies																																																																																																												911		2,362			1,751			1,642	2,210
gross margin%																																																																																																																			29.6
operating margin%																																																																																																																			10.1
research and development and other technical expenses																																																																																																																							-7,238		-6,861	-6,748	-6,378		-6,135	-6,267	-5,674	-4,792	-6,187		-5,153	-4,729	-4,792	-7,309		-6,846	-6,084	-6,897	-7,240
of which
net income attributable to stockholders of the parent company																																																																																																																									5,712	4,575	8,541		5,314	5,843	4,617	2,603
net income attributable to minority interest																																																																																																																									20	30	97		69	-48	27	77
reconciliation of net income from swedish gaap to ifrs
net income, swedish gaap
reclassification of minority interest
reversal of amortization of goodwill
stock option plans
amortization of capitalized development costs
net income, ifrs
selling & administrative expenses																																																																																																																													-3,932	-3,895	-3,641
other operating revenues and costs																																																																																																																													836	425	347	164	1,150		492	811	164	1,001		431	195	-86
amortization of capitalization of development costs
selling expenses																																																																																																																																-2,232	-2,841		-2,377	-2,243	-2,232	-4,227		-3,354	-4,085	-3,449	-4,853
administrative expenses																																																																																																																																-1,710	-1,236		-1,388	-2,217	-1,710	-1,693		-3,423	-1,842	-1,804	-2,254
note 1
restructuring costs																																																																																																																																						-4,022		-5,449	-3,799	-3,193	-3,482
-of which in
note 2
key measurements, excluding restructuring costs
- as percentage of net sales																																																																																																																																	45.6		47.1	47.8	44.7	41.6
share in earnings of jv and assoc. companies																																																																																																																																	609		654	538	517	343		247	-100	-742	-11
operating margin																																																																																																																																	24		22.7	23.7	16.1
note1
share in earnings of jv and associated companies / phones																																																																																																																																						-87			-265
1) in compliance with rr 9, figures are restated to report minority interest net of tax. as a consequence, and in line with the statutory format for income statements, we now cease to report a subtotal income before taxes.
items affecting comparability
non-operational capital gains/losses																																																																																																																																						2		-10		5	-259
capitalization of development expenses																																																																																																																																						376		182	412	614	644
key measurements, excluding items affecting comparability
adjusted gross margin																																																																																																																																						15,053		10,066	9,698	8,810	11,970
adjusted operating expenses																																																																																																																																						-10,460		-9,629	-10,127	-11,405	-14,347
adjusted other operating revenues and costs																																																																																																																																						1,019		603	347	-70
adjusted operating income																																																																																																																																						5,955		1,287	-182	-3,407	-2,313
adjusted operating margin																																																																																																																																						16.4		4.6	-0.7	-13.2	-6.3
adjusted income after financial items																																																																																																																																						5,474		964	-188
– of which in
— as percentage of net sales																																																																																																																																								35.9
—as percentage of net sales																																																																																																																																									35.1	34.1
—of which in
adjused income after financial items																																																																																																																																										-3,461
capital gains/losses 2)																																																																																																																																											-691
other operating revenues																																																																																																																																											196
restructuring costs net, phones
operating income *)																																																																																																																																											-8,199
minority interest in income before taxes																																																																																																																																											-103
*) of which items affecting comparability
capital gain, juniper networks
income statement measures adjusted for
adjusted income before tax																																																																																																																																											-2,167
above measures expressed as % of net sales

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-04-21	2020-12-31	2020-10-21	2020-09-30	2020-07-17	2020-06-30	2020-04-22	2020-03-31	2020-01-24	2019-12-31	2019-10-17	2019-09-30	2019-07-17	2019-06-30	2019-04-17	2019-03-31	2019-01-25	2018-12-31	2018-10-18	2018-09-30	2018-07-19	2018-07-18	2018-06-30	2018-04-23	2018-04-20	2018-03-31	2018-02-01	2018-01-31	2017-12-31	2017-10-23	2017-10-20	2017-09-30	2017-07-19	2017-07-18	2017-06-30	2017-04-26	2017-04-25	2017-03-31	2017-01-27	2016-12-31	2016-09-30	2016-07-20	2016-07-19	2016-06-30	2016-04-21	2016-03-31	2015-12-31	2015-06-30	2014-12-31	2014-10-27	2014-09-30	2014-07-18	2014-06-30	2014-03-31	2014-02-05	2013-12-31	2013-10-25	2013-10-24	2013-09-30	2013-07-19	2013-06-30	2013-03-31	2012-12-31	2012-10-29	2012-09-30	2012-07-18	2012-06-30	2012-03-31	2012-01-19	2011-12-31	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-07-24	2009-06-30	2009-04-30	2009-04-17	2009-03-31	2009-01-21	2009-01-16	2008-12-31	2008-09-30	2008-07-22	2008-06-30	2008-04-23	2008-03-31	2007-12-31	2007-10-25	2007-09-30	2007-06-30	2007-04-26	2007-03-31	2006-12-31	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-04-22	2005-03-31	2005-02-10	2004-12-31	2004-09-30	2004-07-21	2004-06-30	2004-04-19	2004-03-31	2004-02-06	2004-01-01	2003-12-31	2003-10-30	2003-09-30	2003-06-30	2003-04-29	2003-03-31	2002-12-31

assets
non-current assets
intangible assets
capitalized development expenses	3,964	4,129	4,409	4,593	4,626	4,804	4,832	4,678	4,487	4,228	3,882	3,705	3,412	3,358	3,428	3,528	3,610	3,798	3,875	3,857	3,978	3,978	4,078	4,078	4,217	4,217	4,040	4,040	4,024	4,024	3,971	3,971	3,971	3,971	4,237	4,237	4,918	4,918	5,458	5,458	5,458	4,229	4,229	4,229	4,593	4,593	4,593	5,337	5,337	5,337	6,085	6,085	6,085	6,460	6,460	6,460	8,076	8,076	7,437	7,064	7,064	7,064	6,349	6,349		4,032	3,570	3,082	2,925	3,212	3,082	3,212	3,540	3,348	3,691	3,691	3,540	3,819	3,691	3,819		3,795	3,964	3,529	3,795	3,529		3,523		3,047		2,868	2,706	2,189	2,079		1,601		1,449			2,782		2,782	2,675	2,693				3,661	3,953	3,953		4,659		4,995	5,604	5,842	6,161	6,462	7,042	7,556	7,556	4,343	4,343	4,548	4,681	4,681	4,710	4,710	4,784	4,784	4,784	4,408	4,408	4,226	3,814	3,814	3,200
goodwill	47,996	49,443	51,511	56,077	52,227	54,442	56,220	52,944	56,717	89,068	84,558	84,570	92,933	42,210	39,162	38,204	37,164	36,436	36,659	34,945	30,314	30,314	31,130	31,130	33,082	33,082	31,200	31,200	32,565	32,565	30,964	30,964	30,870	30,870	30,035	30,035	30,514	30,514	30,145	30,145	30,145	28,777	28,777	28,777	27,815	27,815	27,815	40,200	40,200	40,200	41,364	41,364	41,364	43,042	43,042	43,042	43,387	43,387	41,976	41,913	41,913	41,913	40,316	40,316		39,872	38,330	34,243	35,179	32,114	34,243	32,114	31,611	31,544	30,855	30,855	31,611	30,297	30,855	30,297		31,342	30,319	31,245	31,342	31,245		27,438		25,782		26,346	30,003	27,638	27,375		25,241		26,230			24,877		24,877	23,026	21,140				22,826	22,177	22,177		16,533		6,824	6,958	7,334	7,362	7,183	6,994	6,120	6,120	5,324	5,324	5,813	5,957	5,957	5,854	5,854	5,739	5,739	5,739	6,231	6,231	7,001
customer relationships, ipr and other intangible assets	5,858	6,254	6,962	7,954	7,735	8,459	23,365	22,667	25,463	26,453	25,520	26,340
property, plant and equipment	8,881	9,431	9,810	10,545	10,786	11,354	11,972	12,195	13,237	13,946	14,037	14,236	14,319	13,942	13,603	13,580	13,903	13,739		13,383	13,882	13,882	13,996	13,996	14,244	14,244	13,850	13,850	13,399	13,399	13,192	13,192	13,188	13,188	12,849	12,849	12,810	12,810	12,894	12,894	12,894	12,912	12,912	12,912	12,857	12,857	12,857	13,884	13,884	13,884	16,276	16,276	16,276	16,645	16,645	16,645	16,734	16,734	17,082	16,856	16,856	16,856	16,127	16,127		15,309	13,341	11,924	12,674	11,209	11,924	11,209	11,230	11,433	11,766	11,766	11,230	11,461	11,766	11,461		11,435	11,559	11,268	11,435	11,268		10,788		9,171	9,434,000,000	9,290	9,810	9,319	9,606		10,161		10,107			9,995		9,995	9,571	9,288				9,304	8,535	8,535		8,178		7,881	8,401	8,069	6,966
right-of-use assets	6,575	5,695	5,998	6,487	5,916	6,265	6,374	6,320	6,841	7,238	7,593	7,870	8,193	7,951	7,937	7,948	7,878	7,985	8,137	7,980	8,243	8,243	8,251	8,251	8,589	8,589	8,487	8,487	8,617	8,617	8,227	8,227	8,440	8,440
financial assets
equity in associated companies	1,797	1,330	1,294
other investments in shares and participations	1,648	1,807	1,777	2,029	1,970	2,041	1,981	2,091	2,288	2,353	2,142	2,074	2,152	1,867	1,939	2,258	2,120	1,499		1,519	1,420	1,420	1,472	1,472	1,410	1,410	1,432	1,432	1,406	1,406	1,380	1,380	1,366	1,366	1,515	1,515	1,572	1,572	1,587	1,587	1,587	1,302	1,302	1,302	1,279	1,279	1,279	1,192	1,192	1,192	1,115	1,115	1,115	1,112	1,112	1,112	1,179	1,179	1,188	1,178	1,178	1,178	1,090	1,090		855	591	510	567	509	510	509	520	505	495	495	520	389	495	389		2,207	2,010	2,122	2,207	2,122		2,199		239		276	266	240	256		306		310			309		309	1,582	1,625				738	3,268	3,268		2,592		721	731	701	805						543
customer finance, non-current	242	78	27	190	221	843	1,406	1,347	1,967	1,574	887	415	453	379	628	568	657	545	840	1,221	1,269	1,269	1,553	1,553	1,843	1,843	2,262	2,262	2,495	2,495	2,428	2,428	1,932	1,932	1,180	1,180	780	780	1,367	1,367	1,367	1,845	1,845	1,845	2,178	2,178	2,178	1,993	1,993	1,993	2,288	2,288	2,288	2,728	2,728	2,728	2,128	2,128	1,989	2,315	2,315	2,315	1,663	1,663			1,932	1,240	1,940	1,146	1,240	1,146	1,052	1,294	1,109	1,109	1,052	1,146	1,109	1,146								1,400							830									846
interest-bearing securities, non-current	37,370	32,859	24,436	19,440	14,806	11,146	11,177	9,931	4,032	4,878	3,925	9,164	2,423	3,061	15,022	30,626	26,668	20,998	23,477	21,613	23,898	23,898	24,025	24,025	23,335	23,335	20,354	20,354	19,157	19,157	17,091	17,091	23,022	23,022	23,982	23,982	23,014	23,014	21,501	21,501	21,501	27,104	27,104	27,104	25,105	25,105	25,105	22,405	22,405	22,405	22,122	22,122	22,122	19,124	19,124	19,124	7,586	7,586	540
other financial assets, non-current	5,432	5,235	5,726	5,161	6,166	6,582	6,555	6,350	7,539	7,158	6,676	6,839	7,962	8,363	6,810	6,217	5,382	5,329		4,842	5,312	5,312	5,944	5,944	7,682	7,682	5,614	5,614	6,452	6,452	5,986	5,986	6,056	6,056	6,559	6,559	6,254	6,254	6,805	6,805	6,805	5,192	5,192	5,192	5,897	5,897	5,897	5,063	5,063	5,063	4,409	4,409	4,409	4,466	4,466	4,466	4,442	4,442	4,310	5,061	5,061	5,061	4,997	4,997			5,900	6,303	7,085	5,779	6,303	5,779	4,586	5,684	4,807	4,807	4,586	4,180	4,807	4,180		4,932	3,704	5,747	4,932	5,747		4,117		3,020		2,466	2,692	1,948	2,577		4,071		4,310			4,917		4,917	2,640	2,412				2,918	2,900	2,900		2,639		2,409	2,022	2,404	3,514
deferred tax assets	21,573	22,816	22,537	24,412	25,012	25,769	23,291	22,375	22,185	22,443	20,570	19,394	23,705	22,982	23,641	23,109	25,047	25,175	25,079	26,296	29,726	29,726	31,082	31,082	31,611	31,611	31,174	31,174	30,818	30,818	29,169	29,169	29,689	29,689	23,152	23,152	24,648	24,648	23,573	23,573	23,573	23,822	23,822	23,822	21,228	21,228	21,228	19,275	19,275	19,275	17,463	17,463	17,463	17,435	17,435	17,435	15,522	15,522	17,383	14,451	14,451	14,451	14,117	14,117		14,054	12,778	10,880	11,325	10,030	10,880	10,030	11,074	9,103	12,299	12,299	11,074	12,132	12,299	12,132		14,164	13,506	13,231	14,164	13,231		13,020		13,090		14,208	16,053	14,710	14,327		13,676		14,571			14,858		14,858	14,045	12,799				11,690	11,535	11,535		14,135		13,564	14,621	16,758	17,294	16,897	18,945	19,266	19,266	21,815	21,815	23,213	24,703	24,703	26,675	26,675	27,130	27,735	27,130	28,875	28,875	28,788	27,454	27,454	24,533
current assets
inventories	27,519	27,068	27,649	27,125	29,004	30,897	34,564	36,073	44,603	47,382	46,217	45,846	53,019	47,866	41,279	35,164	34,823	30,515	30,250	28,097	32,804	32,804	31,917	31,917	32,588	32,588	30,863	30,863	36,056	36,056	36,135	36,135	33,024	33,024	29,255	29,255	30,635	30,635	30,050	30,050	30,050	29,009	29,009	29,009	24,960	24,960	24,960	32,758	32,758	32,758	34,194	34,194	34,194	33,938	33,938	33,938	30,307	30,307	34,140	34,660	34,660	34,660	32,252	32,252		32,327	28,175	26,915	28,529	24,962	26,915	24,962	28,089	22,759	29,685	29,685	28,089	29,811	29,685	29,811		33,118	32,424	32,546	33,118	32,546	570	33,070	570	32,146		30,304	29,397	24,126	22,718	397	29,036	404	30,703	477	477	27,836	531	27,836	29,687	26,580	538	484	484	22,475	25,603	25,603	477	24,070	498	21,470	23,105	23,503	19,208	19,775	19,281	18,023	18,023	14,003	14,003	16,451	14,792	14,792	14,427	14,427	10,965	10,965	10,965	11,381	11,381	12,845	14,474	14,474	13,419
contract assets	7,494	6,618	5,735	6,924	7,568	6,851	6,715	7,999	8,574	9,784	8,034	9,843	12,060	10,186	9,937	10,506	10,211	11,811	11,853	11,273	11,468	11,468	10,971	10,971	10,256	10,256	12,171	12,171	13,004	13,004	12,593	12,593	11,411	11,411	13,178	13,178	14,794	14,794	12,460	12,460	12,460	11,712	11,712	11,712
trade receivables	38,136	39,107	41,428	44,151	38,018	43,578	46,246	42,215	43,015	49,191	50,176	48,413	45,266	47,156	46,845	45,399	39,084	45,192	42,068	42,063	38,180	38,180	38,325	38,325	42,572	42,572	43,069	43,069	41,228	41,228	44,956	44,956	50,529	50,529	51,172	51,172	41,456	41,456	41,580	41,580	41,580	42,455	42,455	42,455	63,210	63,210	63,210	59,802	59,802	59,802	62,493	62,493	62,493	65,687	65,687	65,687	68,117	68,117	70,370	68,461	68,461	68,461	66,701	66,701		73,932	77,893	66,763	70,624	63,643	66,763	63,643	64,905	71,013	63,084	63,084	64,905	65,101	63,084	65,101		67,320	61,562	60,695	67,320	60,695		64,522		60,622		57,831	69,385	62,695	66,410		69,374		75,202			75,891		75,891	62,624	56,696				60,492	56,763	56,763		52,399		51,070
customer finance, current	1,290	1,879	2,396	4,332	3,843	4,590	3,717	5,570	11,169	7,009	7,784	4,955	4,278	3,221	2,857	2,719	3,356	1,973	2,183	1,916	1,878	1,878	1,001	1,001	1,113	1,113	1,494	1,494	1,334	1,334	1,109	1,109	1,955	1,955	1,704	1,704	1,240	1,240	1,664	1,664	1,664	1,709	1,709	1,709	1,753	1,753	1,753	1,961	1,961	1,961	2,156	2,156	2,156	2,882	2,882	2,882	2,625	2,625	2,644	2,532	2,532	2,532	2,346	2,346		2,552	2,289	1,994	2,452	1,698	1,994	1,698	2,191	2,094	2,998	2,998	2,191	3,869	2,998	3,869								2,845							1,444									1,975
current tax assets	5,172	5,019	5,126	6,083	5,799	5,890	6,089	6,395	6,522	7,036	7,239	7,973	8,451	7,299	7,673
other current receivables	10,489	11,377	11,420	9,261	10,295	11,203	13,050	11,962	10,112	11,580	11,910	9,688	10,329	10,297	9,391	14,035	14,137	14,534	14,809	16,014	17,081	17,081	18,035	18,035	19,383	19,383	14,479	14,479	16,962	16,962	17,148	17,148	15,357	15,357	20,844	20,844	25,446	25,446	26,344	26,344	26,344	23,980	23,980	23,980	22,300	22,300	22,300	25,231	25,231	25,231	26,741	26,741	26,741	25,525	25,525	25,525	24,431	24,431	24,758	25,297	25,297	25,297	24,105	24,105		22,919	21,273	19,208	19,953	18,528	19,208	18,528	20,198	17,941	19,552	19,552	20,198	19,206	19,552	19,206		19,337	23,417	20,333	19,337	20,333		17,837		19,745		18,705	17,429	15,853	15,146		16,744		16,062			17,818		17,818	20,057	14,998				15,062	15,061	15,061		12,355		15,012	14,826	14,817	12,574
interest-bearing securities, current	8,345	6,790	5,147	12,546	10,063	13,838	8,948	9,584	9,553	8,513	9,259	8,736	6,640	3,715	12,292	12,932	15,016	12,855	4,599	6,820	5,552	5,552	5,739	5,739	7,834	7,834	6,759	6,759	5,866	5,866	6,367	6,367	3,183	3,183	6,625	6,625	6,591	6,591	8,304	8,304	8,304	5,453	5,453	5,453	6,713	6,713	6,713	6,526	6,526	6,526	10,754	10,754	10,754	13,548	13,548	13,548	13,325	13,325	18,663
cash and cash equivalents	42,695	33,620	44,590	43,885	37,323	28,736	31,848	35,190	26,900	22,331	34,133	38,349	36,749	93,618	76,856	54,050	46,476	43,273	40,543	43,612	48,774	48,774	45,655	45,655	48,347	48,347	45,079	45,079	51,183	51,183	45,498	45,498	45,453	45,453	38,389	38,389	36,058	36,058	37,049	37,049	37,049	36,697	36,697	36,697	35,884	35,884	35,884	26,210	26,210	26,210	21,446	21,446	21,446	32,954	32,954	32,954	36,966	36,966	24,401	28,931	28,931	28,931	35,934	35,934	40,224	32,962	40,988	33,088	32,042	38,096	33,088	38,096	35,163	42,095	38,479	38,479	35,163	37,444	38,479	37,444		28,707	32,845	30,638	28,707	30,638		38,676		30,756		21,197	15,610	21,039	22,798		36,963		24,348			37,813		37,813	33,702	30,695				28,310	20,627	20,627		26,192		29,969	16,646	23,749	41,738	23,112	16,340	22,548	22,548									73,207
total assets	282,476	270,555	277,978	292,374	272,450	278,486	299,523	297,036	306,349	343,358	345,658	349,537	361,166	332,453	323,935	305,614	290,527	281,045	270,319	271,530	277,187	277,187	276,778	276,778	292,307	292,307	276,383	276,383	288,531	288,531	280,447	280,447	283,958	283,958	268,761	268,761	264,848	264,848	265,322	265,322	265,322	260,681	260,681	260,681	260,544	260,544	260,544	267,240	267,240	267,240	274,931	274,931	274,931	292,207	292,207	292,207	283,347	283,347	275,718	277,387	277,387	277,387	280,325	280,325	284,363	278,916	293,558	265,549	274,021	267,189	265,549	267,189	255,658	269,190	261,443	261,443	255,658	270,500	261,443	270,500	275	277,678	272,971	280,817	277,678	280,817	3	280,349	3	278,107	281,815,000,000	269,235	276,829	267,830	269,809	3,482	281,314	3,421	282,516	3,908	3,908	285,684	4,460	285,684	263,380	238,366	5,134	4,868	4,868	245,117	230,703	230,703	5,380	225,097	5,463	214,940	198,939	215,193	208,829	195,436	194,373	188,863	188,863	183,040	183,040	180,252	185,351	185,351	188,070	188,070	182,372	182,977	182,372	183,120	183,120	189,303	205,025	205,025	208,267
equity and liabilities
equity																																																																																	138.5
stockholders’ equity	102,658	86,748	86,039	94,284	86,630	83,840	109,137	98,673	106,791	133,869	127,396	134,814	138,607	129,620	111,701		97,323	93,331	89,782	86,674	82,830	82,830	79,005	79,005	79,841	79,841	82,559	82,559	78,200	78,200	84,488	84,488	84,619	84,619	86,978	86,978	95,087	95,087	92,689	92,689	92,689	92,703	92,703	92,703	99,540	99,540	99,540	115,072	115,072	115,072	123,045	123,045	123,045	126,105	126,105	126,105	139,817	139,817	133,138	135,746	135,746	135,746	144,699	144,699		135,565	144,306	136,948	142,339	141,643	136,948	141,643	132,382	140,204	132,326	132,326	132,382	137,668	132,326	137,668		143,827	143,079	150,506	143,827	150,506		143,105		146,142	145,106,000,000	137,395	138,309	140,290	139,870		141,658		145,381			140,823		140,823	135,014	129,228				134,112	129,511	129,511		126,475		120,113	106,377	107,064	104,677	95,465	89,584	86,784	86,784	77,299		72,481	67,983	67,983	63,371	63,371	60,481	59,206		60,860	60,860	65,713	68,993	68,993	73,607
non-controlling interest in equity of subsidiaries	-164	-1,049	-1,181	-1,301	-1,275	-1,373	-1,498	-1,265	-1,356	-1,514	-1,564	-1,510	-1,787	-1,821	-1,822	-1,676	-1,695	-1,636		-1,497	-345	-345	-533	-533	-728	-728	-681	-681	-725	-725	45	45	-87	-87	792	792	866	866	871	871	871	763	763	763	636	636	636	615	615	615	710	710	710	736	736	736	675	675	874	945	945	945	945	945			1,003	1,010	1,035	990	1,010	990	1,568	1,419	1,540	1,540	1,568	1,501	1,540	1,501		1,920	1,463	1,962	1,920	1,962		2,165		1,560
non-current liabilities																																																																																	39.1
post-employment benefits	19,301	24,883	21,830	24,448	24,733	26,100	20,841	26,229	18,385	22,785	26,791	27,361	25,131	25,326	30,643	36,050	34,734	31,411	31,876	37,353	36,515	36,515	38,605	38,605	43,029	43,029	35,817	35,817	37,345	37,345	33,919	33,919	30,714	30,714	28,720	28,720	25,475	25,475	27,306	27,306	27,306	25,646	25,646	25,646	25,009	25,009	25,009	26,534	26,534	26,534	23,624	23,624	23,624	23,774	23,774	23,774	23,723	23,723	32,463	27,323	27,323	27,323	25,715	25,715	-22,664		20,385	12,884	13,972	11,633	12,884	11,633										9,859	9,732	9,339	9,859	9,339		10,016		3,968		8,075	8,498	8,061	8,533		8,065		8,941			9,873		9,873	7,807	7,155				6,188	6,180	6,180		6,877		6,968	5,603	6,683	3,125
provisions, non-current	2,478	2,365	2,541	3,511	3,036	2,642	3,952	4,927	5,190	5,263	4,119	3,959	4,511	4,020	4,498	3,722	2,471	1,922		2,886	2,378	2,378	2,240	2,240	2,703	2,703	2,679	2,679	2,308	2,308	2,646	2,646	2,670	2,670	5,471	5,471	3,420	3,420	2,819	2,819	2,819	2,597	2,597	2,597	3,596	3,596	3,596	3,930	3,930	3,930	4,794	4,794	4,794	4,867	4,867	4,867	946	946	170	245	245	245	158	158	-176		202	202	187	198	202	198	268	222	281	281	268	247	281	247		205	196	208	205	208		280		310		408	513	499	461		460		452			311		311	287	311				368	391	391		684		602
deferred tax liabilities	1,349	1,390	1,365	1,295	1,255	1,295	3,999	3,880	4,343	4,887	4,986	4,784	8,025	1,250	1,012	884	909	975	1,049	1,089	1,102	1,102	1,164	1,164	1,060	1,060	1,224	1,224	857	857	1,178	1,178	792	792	670	670	1,274	1,274	1,332	1,332	1,332	1,325	1,325	1,325	901	901	901	1,736	1,736	1,736	1,838	1,838	1,838	1,888	1,888	1,888	2,147	2,147	2,052	2,036	2,036	2,036	2,098	2,098	-2,472	3,010	3,177	2,624	2,846	2,466	2,624	2,466	3,050	2,650	3,326	3,326	3,050	3,281	3,326	3,281		3,732	3,604	3,749	3,732	3,749		2,250		2,427		2,432	2,431	2,307	2,270		2,517		2,785			2,738		2,738	2,620	2,420				2,799	3,751	3,751		2,710		382	255	101							421
borrowings, non-current	29,872	29,944	29,929	31,904	33,524	32,520	32,675	29,218	20,103	23,476	22,167	26,946	26,994	26,363	28,599	22,241	22,282	21,673	23,299	22,218	22,132	22,132	22,581	22,581	23,381	23,381	28,257	28,257	37,153	37,153	33,040	33,040	32,533	32,533	30,870	30,870	31,187	31,187	31,131	31,131	31,131	31,134	31,134	31,134	30,500	30,500	30,500	28,039	28,039	28,039	27,100	27,100	27,100	27,823	27,823	27,823	18,653	18,653	18,283	18,164	18,164	18,164	22,110	22,110			21,864	19,504	20,647	18,900	19,504	18,900	21,745	22,067	22,471	22,471	21,745	23,638	22,471	23,638		23,033	22,910	22,969	23,033	22,969		23,256		26,196		28,016	29,491	29,257	29,996		35,949		25,061			24,939		24,939	22,568	17,806				21,320	20,935	20,935		13,352		12,904	13,412	14,131
lease liabilities, non-current	5,581	4,661	4,970	5,363	4,767	5,138	5,280	5,220	5,662	6,090	6,413	6,818	7,209	7,086	7,037	7,079	7,043	7,111		7,104	7,426	7,426	7,400	7,400	7,705	7,705	7,595	7,595	7,888	7,888	7,699	7,699	8,470	8,470
other non-current liabilities	899	870	888	996	889	865	839	755	812	788	716	745	791	762	1,070	1,587	1,605	1,596	1,326	1,383	1,759	1,759	1,813	1,813	2,178	2,178	2,114	2,114	2,163	2,163	2,160	2,160	2,118	2,118	4,346	4,346	4,456	4,456	4,549	4,549	4,549	2,792	2,792	2,792	2,776	2,776	2,776	2,563	2,563	2,563	2,602	2,602	2,602	2,699	2,699	2,699	2,621	2,621	2,127	2,030	2,030	2,030	1,834	1,834	-1,851		1,797	1,699	1,809	1,532	1,699	1,532	2,204	1,459	2,330	2,330	2,204	2,407	2,330	2,407		2,534	2,513	2,590	2,534	2,590		2,248		3,358		3,178	2,296	2,200	2,035		1,904		1,755			1,622		1,622	1,680	1,866				1,714	1,641	1,641		2,690		2,868	3,094	2,882	2,740
current liabilities																																																																																	97.4
provisions, current	5,345	6,287	6,552	8,204	7,508	7,558	6,113	6,779	6,345	6,742	6,422	7,629	6,051	5,648	5,699	5,782	6,342	7,310	8,708	7,580	8,544	8,544	8,363	8,363	8,357	8,357	8,244	8,244	19,699	19,699	8,712	8,712	9,363	9,363	10,537	10,537	5,275	5,275	6,715	6,715	6,715	6,435	6,435	6,435	6,350	6,350	6,350	5,646	5,646	5,646	5,618	5,618	5,618	5,694	5,694	5,694	5,411	5,411	3,075	3,142	3,142	3,142	3,374	3,374	-3,662	5,215	4,225	4,377	4,380	4,730	4,377	4,730	6,146	5,140	7,435	7,435	6,146	9,252	7,435	9,252		5,113	5,047	5,722	5,113	5,722		5,985		9,219		10,529	12,548	11,566	11,970		13,497		12,140			14,039		14,039	12,708	10,795				9,358	9,966	9,966		11,607		13,280
borrowings, current	6,680	7,285	5,597	6,137	3,134	8,067	8,491	17,655	18,772	10,354	11,577	5,984	5,437	3,686	10,403	9,590	10,155	11,737	2,353	7,942	14,587	14,587	15,290	15,290	17,759	17,759	9,439	9,439	1,622	1,622	2,160	2,160	3,015	3,015	2,255	2,255	2,463	2,463	2,642	2,642	2,642	2,554	2,554	2,554	2,545	2,545	2,545	3,004	3,004	3,004	3,230	3,230	3,230	9,514	9,514	9,514	8,033	8,033	9,007	9,653	9,653	9,653	2,414	2,414		3,199	2,281	3,525	1,997	5,737	3,525	5,737	3,849	7,388	4,018	4,018	3,849	5,084	4,018	5,084		7,583	7,196	6,229	7,583	6,229		7,765		4,676		4,353	3,797	2,017	2,124		3,573		7,157			5,542		5,542	5,028	4,217				5,896	5,351	5,351		2,346		1,680	2,616	11,842	10,784
lease liabilities, current	1,809	1,867	1,922	2,132	2,097	2,204	2,255	2,235	2,569	2,616	2,623	2,486	2,666	2,378	2,284	2,224	2,178	2,203	2,223	2,196	2,257	2,257	2,302	2,302	2,396	2,396	2,287	2,287	2,226	2,226	2,397	2,397	1,776	1,776
contract liabilities	40,642	44,370	46,757	41,229	39,540	40,704	42,538	34,416	41,234	44,237	47,916	42,251	41,105	41,547	39,875	32,834	33,869	36,621	32,054	26,440	29,393	29,393	31,532	31,532	34,265	34,265	29,041	29,041	34,499	34,499	37,264	37,264	38,605	38,605	29,348	29,348	30,108	30,108	30,959	30,959	30,959	30,391	30,391	30,391
trade payables	25,352	24,804	26,450	30,173	25,888	26,731	25,305	27,768	30,629	35,463	34,554	38,437	40,864	39,539	35,316	35,684	31,877	29,638	29,135	31,988	30,704	30,704	32,182	32,182	29,840	29,840	30,403	30,403	30,672	30,672	31,388	31,388	30,842	30,842	29,883	29,883	28,914	28,914	28,563	28,563	28,563	26,453	26,453	26,453	26,321	26,321	26,321	23,560	23,560	23,560	25,025	25,025	25,025	25,814	25,814	25,814	25,318	25,318	21,633	23,709	23,709	23,709	21,549	21,549	-22,389	22,147	24,473	22,795	22,067	20,482	22,795	20,482	19,237	20,502	20,760	20,760	19,237	19,898	20,760	19,898		24,410	21,968	22,283	24,410	22,283		25,309		24,849		20,724	20,266	17,806	18,864		19,722		21,888			23,504		23,504	20,273	18,297				17,427	16,060	16,060		17,362		18,183
current tax liabilities	6,069	3,609	2,664	3,322	3,821	3,710	3,810	3,561	3,029	2,665	2,478	2,640	5,008	6,703	5,701
other current liabilities	34,605	32,521	41,655	40,677	36,903	38,485	35,786	36,985	43,841	45,637	49,064	46,193	50,554	40,346	41,919	40,838	41,434	37,153	40,522	38,174	37,905	37,905	34,834	34,834	40,521	40,521	37,405	37,405	34,624	34,624	33,351	33,351	38,528	38,528	38,891	38,891	36,323	36,323	35,746	35,746	35,746	37,888	37,888	37,888	62,370	62,370	62,370	56,541	56,541	56,541	57,345	57,345	57,345	63,293	63,293	63,293	56,003	56,003	52,896	54,394	54,394	54,394	55,429	55,429	-58,663	59,461	69,845	59,981	62,742	58,878	59,981	58,878										55,462	55,263	55,260	55,462	55,260	1,098	57,970	1,098	55,402		52,451	56,565	52,664	52,529	1,807	52,683	1,782	55,514	1,918	1,918	61,032	2,166	61,032	54,406	45,294	1,954	1,880	1,880	44,995	36,254	36,254	2,224	40,165	2,037	37,178	36,406	40,270	40,825	32,800	35,813	35,425	35,425	32,998	27,922	33,364	32,845	32,845	36,993	36,993	35,348	35,348	30,108	37,830	37,830	38,419	39,432	39,432	49,296
total equity and liabilities	282,476	270,555	277,978	292,374	272,450	278,486	299,523	297,036	306,349	343,358	345,658	349,537	361,166	332,453	323,935	305,614	290,527	281,045	270,319	271,530	277,187	277,187	276,778	276,778	292,307	292,307	276,383	276,383	288,531	288,531	280,447	280,447	283,958	283,958	268,761	268,761	264,848	264,848	265,322	265,322	265,322	260,681	260,681	260,681	260,544	260,544	260,544	267,240	267,240	267,240	274,931	274,931	274,931	292,207	292,207	292,207	283,347	283,347	275,718	277,387	277,387	277,387	280,325	280,325		278,916		265,549	274,021	267,189	265,549	267,189	255,658		261,443	261,443	255,658	270,500	261,443	270,500		277,678	272,971	280,817	277,678	280,817				278,107		269,235	276,829	267,830			281,314		282,516			285,684			263,380	238,366					230,703	230,703		225,097		214,940	198,939	215,193	208,829	195,436	194,373	188,863	188,863									182,977
equity in jv and associated companies				1,179	1,072	1,198	1,173	1,150	1,145	1,193	1,116	1,127	1,121	1,071	906	941	959	1,116	1,232	1,274	1,317	1,317	1,415	1,415	1,618	1,618	1,565	1,565	1,556	1,556	1,766	1,766	1,830	1,830	611	611	625	625	658	658	658	630	630	630	624	624	624	627	627	627	791	791	791	792	792	792	775	775	761	787	787	787	851	851		1,627		2,324	2,566	2,595	2,324	2,595	2,675		2,883	2,883	2,675	2,799	2,883	2,799		2,110	1,526	3,271	2,110	3,271				8,662		10,079	11,596	11,286			14,661		16,499			7,988			8,251	9,160											6,229	5,671	6,313	5,487	5,047	4,468	4,468	4,150		3,992	3,664	3,664	3,407	3,407	2,970	2,970		2,662	2,662	2,507	3,087	3,087	1,835
intellectual property rights, brands and other intangible assets													27,701	3,911	3,729	3,830	4,036	4,272	4,623	4,805	2,091	2,091	2,189	2,189	2,583	2,583	2,491	2,491	2,409	2,409	2,467	2,467	2,682	2,682	3,474	3,474	3,493	3,493	3,883	3,883	3,883	3,853	3,853	3,853	4,148	4,148	4,148	4,776	4,776	4,776	5,234	5,234	5,234	5,869	5,869	5,869	7,747	7,747	8,076	8,035	8,035	8,035	8,400	8,400		10,739	12,534	11,765	12,149	11,889	11,765	11,889	13,319	12,815	13,405	13,405	13,319	14,205	13,405	14,205		17,616	16,125	17,263	17,616	17,263		13,083		15,388		17,191	16,801	17,107	18,739		17,776		20,171			20,587		20,587	21,411	21,519				23,958
stockholders’equity																108,775
property, plantand equipment																			13,735
non-controlling interestin equity of subsidiaries																			-1,658
provisions,non-current																			2,337
lease liabilities,non-current																			7,313
18 ericsson \| first quarter report 2021
assets pledged as collateral																							6,805	6,805	5,866	5,866	5,901	5,901	6,049	6,049	5,824	5,824	5,657	5,657	5,681	5,681	5,768	5,768	5,702	5,702	5,702	5,148	5,148	5,148	5,215	5,215	5,215	5,215	5,215	5,215	5,076	5,076	5,076	3,064	3,064	3,064	2,584	2,584	2,534	2,523	2,523	2,523	2,513	2,513		2,608		2,522	2,499	2,528	2,522	2,528	2,552		2,587	2,587	2,552	2,534	2,587	2,534		530	538	403	530	403				589		598	579	558			429		430			416			434	303					638	638		329		285	499	546						7,985	7,985	7,716	7,943	7,943	8,062	8,062	8,023	8,023	8,023	7,631	7,631	5,781	5,113	5,113	2,800
contingent liabilities																							1,164	1,164	1,446	1,446	1,527	1,527	1,640	1,640									1,363	1,363	1,363	1,412	1,412	1,412	1,561	1,561	1,561	1,547	1,547	1,547	1,679	1,679	1,679	1,729	1,729	1,729	1,186	1,186	1,146	1,003	1,003	1,003	918	918		693		664	666	658	664	658	606		586	586	606	601	586	601		518	548	581	518	581				853		920	872	884			931		1,012			1,080			874	1,104					1,183	1,183		1,287		1,392	1,491	1,532	1,708	1,584	1,365	1,622	1,622	1,014	1,014	1,784	1,972	1,972	2,175	2,175	2,691	2,691	2,691	3,003	3,003	3,103	2,688	2,688	3,116
contingent liabilities 1)																															1,511	1,511	1,470	1,470	1,638	1,638	1,490	1,490
of which interest-bearing liabilities																																			33,125	33,125	33,650	33,650	33,773	33,773	33,773	33,688	33,688	33,688	33,045	33,045	33,045	31,043	31,043	31,043	30,330	30,330	30,330	37,337	37,337	37,337	26,686	26,686	27,290	27,817	27,817	27,817	24,524	24,524
non–current liabilities
short-term investments																																																												19,846	19,846	19,846	25,077	25,077	26,046		31,171	35,310	34,011	41,779	35,310	41,779	25,505	34,994			25,505						35,976					41,866		52,286		54,977	51,980	56,816	53,926		38,556		39,707			37,192		37,192	31,906	26,411				29,406	23,322	23,322		25,510		32,311	32,905	42,605	39,767	47,474	55,863	48,986	48,986
of which net cash *																																																												20,960
of which net cash																																																													20,960	20,960	36,487							43,605					27,418	27,418		32,231	27,418	32,231		25,906	28,983	37,093	25,906	37,093				48,202
of which net cash 1)																																																																36,487		3,489		32,485			32,485	43,605
net income																																																																	13.7																										11,235,000,000																																		19,024
interest																																																																	1.9
tax																																																																	6.2
amortization and write-downs of acquired intangibles																																																																	4.1
ebita																																																																	25.9
net sales																																																																	246.9																										203,348,000,000
ebita margin																																																																	10.5																										11,000,000
capital employed																																																																	195,150																										182,640,000,000
non-interest-bearing provisions and liabilities
return on capital employed																																																																																											9,600,000
operating income																																																																	21,805																										16,455,000,000
financial income																																																																	525
average capital employed 1)
capital employed at january 1																																																																	189,839
capital employed at december 31																																																																	195,150
average capital employed																																																																	192,495
return on capital employed 2)																																																																	11.6
gross cash																																																																	66,270																										87,150,000,000
interest-bearing liabilities																																																																																																																								13,205	13,346	3,581	3,581	1,719		2,335	6,944	6,944	8,102	8,102	9,509	9,509		10,448	10,448	6,465	14,359	14,359	13,475
borrowings non-current																																																																	-22,744
borrowings current																																																																	-2,376
net cash excluding post-employment benefits																																																																	41,150
net cash																																																																	18,486																										51,295,000,000	35,730	25,804	38,520			27,932		22,896			34,651			30,205	27,928					11,483	11,483		29,127		40,728	27,920	33,698	53,411	41,334	42,443	43,118	43,118	42,911		36,795	31,721	31,721	26,846	26,846	26,998	25,176
return on equity																																																																																											7,800,000
net income attributable to stockholders of the parent company																																																																	13,549
average stockholders’ equity 1)
stockholders’ equity on january 1																																																																	144,306
stockholders’ equity on december 31																																																																	146,525
average stockholders’ equity																																																																	145,416
return on equity 2)																																																																	9.3
non–current assets
customer finance, non–current																																																																		1,919
other financial assets, non–current																																																																		5,010
short–term investments																																																																		20,807
non–controlling interest in equity of subsidiaries																																																																		1,160
post–employment benefits																																																																		24,530
provisions, non–current																																																																		139
borrowings, non–current																																																																		22,551
other non–current liabilities																																																																		1,939
of which interest–bearing liabilities and post–employment benefits																																																																		50,280
equity in joint ventures and associated companies																																																																			2,793							2,568														5,965							11,578									7,988						10,903															4,150								2,970
total equity and liabilities1)																																																																			293,558														275							280,349							269,809									285,684						245,117
of which interest-bearing liabilities and post-employment benefits																																																																				35,913	36,616	36,270	35,913	36,270	35,979		37,396	37,396	35,979	39,854	37,396	39,854		40,475	39,838	38,537	40,475	38,537				34,840		40,444	41,786	39,335			47,587		41,159			40,354			35,403	29,178					32,466	32,466		22,575		21,552
of which net cash1)																																																																					29,437
post-employment benefits 1)																																																																									10,385				10,385
other current liabilities 1)																																																																									54,824				54,824
of which net cash 2)																																																																									24,689				24,689
post-employment benefits1)																																																																										9,825
other current liabilities1)																																																																										58,314
total equity and liabilities2)																																																																										269,190
short-term investments 1)																																																																											26,335	26,335		34,641	26,335	34,641		37,674		44,992	37,674	44,992
post-employment benefits 2)																																																																											10,907	10,907		11,132	10,907	11,132
other current liabilities 2)																																																																											56,049	56,049		56,392	56,049	56,392
non-current assets, total																																																																																	81.7
of which intangible assets																																																																																	49.4
of which property, plant and equipment																																																																																	11.5
of which financial assets																																																																																	8.5
of which deferred tax assets																																																																																	12.3
current assets, total																																																																																	193.3
of which inventory																																																																																	28.8
of which trade receivables																																																																																	63.7
of which other receivables/financing																																																																																	24.1
of which short-term investments, cash and cash equivalents																																																																																	76.7
of which post-employment benefits																																																																																	9.5
of which borrowings																																																																																	23.9
of which other non-current liabilities																																																																																	5.7
of which provisions																																																																																	8.4
of which current borrowings																																																																																	4.8
of which trade payables																																																																																	23.1
of which other current liabilities																																																																																	61.1
customer financing, non-current																																																																																		1,340	1,331	1,139	1,340	1,139				1,440		1,246	969	979			987		991			846			533	508				1,012	1,692	1,692		896		1,921	1,686	467	1,322
customer financing, current																																																																																		2,581	2,703	2,798	2,581	2,798				2,713		2,251	2,132	1,885			2,161		1,856			1,975			1,670	1,842				2,362	2,126	2,126		2,932		1,735	2,926	2,687	3,624
total fixed and financial assets																																																																																							819		819							757		736		658	658		590				590	594	594				498		495
accounts receivable																																																																																							872		872																										1,566
other assets																																																																																							330		330							416		379		463	463		585				511	369	369				845		859
other short-term cash investments																																																																																							329		329							464		456		574	574		707				966	1,106	1,106				1,071		1,376
cash and bank																																																																																							188		188							532		509		542	542		418				624	605	605				659		668										12,204								16,585
total current assets																																																																																							2		2							2,726		2,685		3,249	3,249		3,870				4,544	4,274	4,274				4,882		4,968
shareholders’ equity and liabilities
shareholders’ equity																																																																																							451		451							532		694		930	930		1,217				1,684	1,665	1,665				1,702
minority interest																																																																																							43		43							43		66		65	65		57				35	69	69				63		55
total equity																																																																																							494		494							575		760		995	995		1,274				1,719	1,734	1,734				1,764		2,088
borrowing, non current
other long-term liabilities																																																																																							31		31																															2,580	2,420	3,662	3,662		1,856							2,771	2,771
total long-term liabilities																																																																																							31		31							81		30		30	30		30				25	25	25				21		22
accounts payable																																																																																							716		716							1,019		848		965	965		990				1,436	1,228	1,228				1,371		1,316		16,138	14,438	12,584	11,702	11,767	10,770	10,770	10,988		9,924	9,692	9,692	9,298	9,298	8,895	8,895		8,568	8,568	8,987	10,133	10,133
borrowing, current																																																																																							769		769
total current liabilities																																																																																							2,583		2,583							2,826		2,630		2,882	2,882		3,156				3,390	3,108	3,108				3,595		3,353
total shareholders’ equity and liabilities																																																																																							3,108		3,108							3,482		3,421		3,908	3,908		4,460				5,134	4,868	4,868				5,380
net cash**																																																																																							-252		-252
income statement items
financial net
year-end position
working capital																																																																																											105,488,000,000
non-controlling interest																																																																																											1,679,000,000
interest-bearing liabilities and post-employment benefits																																																																																											35,855,000,000
other information
earnings, per share, basic, sek																																																																																											3,490,000
earnings, per share, diluted, sek																																																																																											3,460,000
cash dividends per share, sek																																																																																											2,250,000
stockholders’ equity per share, sek																																																																																											45,340,000
number of shares outstanding
end of period, basic																																																																																											3,200,000,000
average, basic																																																																																											3,197,000,000
average, diluted																																																																																											3,226,000,000
additions to property, plant and equipment																																																																																											3,686,000,000
depreciation and write-downs/impairments of property, plant and equipment																																																																																											3,296,000,000
acquisitions/capitalization of intangible assets																																																																																											7,246,000,000
amortization and write-downs/impairments of intangible assets																																																																																											6,657,000,000
research and development expenses																																																																																											31,558,000,000
as percentage of net sales																																																																																											15,500,000
ratios
operating margin excluding joint ventures																																																																																											8,700,000
operating margin																																																																																											8,100,000
cash conversion																																																																																											112,000,000
equity ratio																																																																																											52,100,000
capital turnover																																																																																											1,100,000
inventory turnover days																																																																																											74,000,000
trade receivables turnover																																																																																											3,200,000
payment readiness, sek million																																																																																											96,951,000,000
statistical data, year-end
number of employees																																																																																											90,261,000,000
of which in sweden																																																																																											17,848,000,000
export sales from sweden, sek million																																																																																											100,070,000,000
minority interests in equity of subsidiaries																																																																																												1,674	2,115	1,163			1,286		1,442			1,261			989	977
minority interest in equity of subsidiaries																																																																																															1,157									1,261						940
accounts receivables																																																																																																917		936		1,193	1,193		1,629				1,905	1,710	1,710				1,831
net cash*																																																																																																841		965		1,116	1,116		1,072				1,591	1,703	1,703				1,729		2,045
intellectual property rights																																																																																																															24,166	24,166		21,050		15,649
equity in jvs and associated companies																																																																																																															8,975	8,975		10,957		9,409
minority interest in equity of consolidated subsidiaries																																																																																																															663	663		829		782	893	943	850	781	858	1,068	1,068	1,057		1,164	1,526	1,526	2,447	2,447	2,299	2,299		2,239	2,239	2,473	2,578	2,578	2,469
shareholders' equity and liabilities
shareholders' equity																																																																																																																			2,033
total shareholders' equity and liabilities																																																																																																																			5,463
other																																																																																																																					15,988	15,796	939	1,115	899	739	739	748		700	734	734	656	656	687	687		716	716	736	8,971	8,971	9,409
accounts receivable - trade																																																																																																																					46,291	44,790	41,242	41,339	38,415	34,470	34,470	32,644		31,031	31,796	31,796	32,791	32,791	31,886	31,886
other provisions, non-current																																																																																																																					669	776	904
other provisions, current																																																																																																																					13,476	16,063	17,764
of which interest-bearing provisions and liabilities																																																																																																																					21,631	32,656	28,094	29,252	29,760	28,416	28,416	33,643		35,813	46,282	46,282	47,559	47,559	46,209	48,031		49,018	49,018	51,406	61,369	61,369	60,617
deferred tax liabilities 2)																																																																																																																							391
borrowings, non-current 3)																																																																																																																							14,185
assets pledged as collateral 4)																																																																																																																							549
fixed assets
tangible assets																																																																																																																								6,439	6,489	5,867	5,867	5,845	5,845	5,743	5,911	5,911	6,081	6,081	6,505	6,505	6,505	6,400	6,400	7,569	8,842	8,842	9,964
other investments																																																																																																																								794	807	988	988	543		547	452	452	442	442	433	433	433	548	548	550	1,250	1,250	2,243
long-term customer financing																																																																																																																								1,349	1,608	2,779	2,779	2,150	2,150	2,222	2,427	2,427	2,556	2,556	3,027	3,027	3,027	3,041	3,041	3,960	10,252	10,252	12,283
other long-term receivables																																																																																																																								2,264	2,493	1,949	1,949	1,236		1,267	1,060	1,060	1,071	1,071	1,342	1,342	1,342	1,802	1,802	1,730	1,643	1,643	2,132
receivables
short-term customer financing																																																																																																																								3,109	2,794	1,455	1,455	1,446	1,446	1,194	581	581	1,331	1,331	979	979	979	1,296	1,296	6,088	3,368	3,368	1,680
other receivables																																																																																																																								12,637	11,356	13,649	13,649	12,239	12,239	10,923	10,590	10,590	13,664	13,664	12,718	12,718	12,718	17,161	17,161	20,155	21,135	21,135	24,817
long-term liabilities																																																																																																																												23,693		24,851	29,927	29,927	30,357	30,357	29,772			28,124	28,124	34,729	37,044	37,044	37,066
pensions																																																																																																																								1,899	1,858	1,628	1,628	10,087	10,087	10,358	10,389	10,389	10,093	10,093	8,005	9,827	8,005	11,581	11,581	11,483	11,247	11,247	10,997
other long-term provisions																																																																																																																								1,042	894	890	890									28,121
notes and bond loans																																																																																																																								11,662	11,825	20,417	20,417		19,844							26,312	26,312
liabilities to financial institutions																																																																																																																								2,486	2,731	1,118	1,118		1,993							689	689
current provisions																																																																																																																								21,814	23,277	23,520	23,520
assets pledged as collateral 1)																																																																																																																								907	881	1,017	1,017
short-term cash investments, cash and bank																																																																																																																												76,554		72,608	78,003	78,003	74,405	74,405	73,207			69,552	69,552	62,358	67,214	67,214	66,214
stockholders’ equity, provisions and liabilities
provisions
other provisions																																																																																																																												25,199	24,778	25,775	26,045	26,045	27,409	27,409	28,063		28,063	23,470	23,470	21,034	21,239	21,239	21,357
total stockholders’ equity, provisions and liabilities																																																																																																																												183,040		180,252	185,351	185,351	188,070	188,070	182,372			183,120	183,120	189,303	205,025	205,025	208,267
other intangible assets																																																																																																																													748								687
other long-term financial assets																																																																																																																													1,236
accounts receivable – trade																																																																																																																													32,644								31,886				33,521	33,521	36,538
short-term cash investments																																																																																																																													64,350								56,622
capital stock																																																																																																																													16,132								16,132
reserves not available for distribution																																																																																																																													40,170								40,298
restricted equity																																																																																																																													56,302								56,430
retained earnings																																																																																																																													1,973								14,895
non-restricted equity																																																																																																																													20,997								4,051
minority interest in consolidated subsidiaries																																																																																																																													1,057								2,299
current maturities of long-term debt																																																																																																																													781								7,262
current liabilities to financial institutions																																																																																																																													938								2,247
advances from customers																																																																																																																													3,390								3,297
accounts payable – trade																																																																																																																													10,988								8,895
income tax liabilities																																																																																																																													1,686								1,943
total stockholders’ equity, provisions and liabilities 1)																																																																																																																													183,040
total stockholders’ equity, provisions and liabilities1)																																																																																																																																					182,372
accounts receivable—trade																																																																																																																																						29,047	29,047	30,790
net debt																																																																																																																																						-20,534	-20,534	-10,952	-5,845	-5,845	-5,597

Cashflow Statements:

Quarterly

Annual

Unit: USD	2020-10-21	2020-07-17	2020-04-22	2020-01-24	2019-10-17	2019-07-17	2019-04-17	2019-01-25	2018-10-18	2018-07-19	2018-07-18	2018-04-23	2018-04-20	2018-02-01	2018-01-31	2017-10-23	2017-10-20	2017-07-19	2017-07-18	2017-04-26	2017-04-25	2017-01-27	2016-07-20	2016-07-19	2016-04-21	2014-10-27	2014-07-18	2014-02-05	2013-10-25	2013-10-24	2013-07-19	2012-10-29	2012-07-18	2009-07-24	2009-04-30	2009-01-21	2008-07-22	2007-10-25	2007-04-26

operating activities
net income	5,566	2,585	2,280	4,484	-6,894	1,847	2,403	-6,497	2,748	-1,802	-1,802	-725	-725	-18,864	-18,864	-4,348	-4,348	-996	-996	-10,855		-1,597	1,566	1,566	2,106	2,624	2,662	6,444	3,010	3,010	1,516	2,184	1,205	797	1,833	4,064	2,046	3,954	5,849
adjustments for
taxes	2,465	1,132	-420	949	-411	310	804	3,590	-2,101	-1,071	-1,071	-2,315	-2,315	-1,908	-1,908	-1,574	-1,574	-1,978	-1,978	-4,345		-300	-3,410	-3,410	-1,208	-388	26	2,096	-881	-881	-689		-1,185	-640	-628	1,965	-278
earnings/ dividends in associated companies
depreciation, amortization and impairment losses	2,105	2,156	2,120	2,290	2,199	2,274	2,326	2,469	1,893	2,065	2,065	1,891	1,891	16,118	16,118	4,146	4,146	2,197	2,197	5,431	5,431	2,610	2,104	2,104	2,097	2,481	2,414	2,744	2,546	2,546	2,436	2,394	2,401	3,112	1,852	2,059	2,529
other	-541	-440	734	197	508	450	-76	376	348	568	568	140	140	179	179	-218	-218	-48	-48	527	527	865	988	988	652	267	404	1,101	-327	-327	183	413	-466	-643	-623	-379	169
changes in operating net assets
inventories	-1,578	-1,253	-538	5,200	1,077	-3,065	-2,951	1,689	-1,773	-1,910	-1,910	-2,813	-2,813	8,144	8,144	582	582	-1,146	-1,146	-3,585		4,286	-1,667	-1,667	-4,212	-840	-1,188	5,337	357	357	600		43	1,606	-2,362	2,768	-1,906	-1,563	-1,787
customer finance, current and non-current	-635	307	817	-66	-265	384	-911	-863	1,001	547	547	400	400	36	36	456	456	1,140	1,140	-834		-106	-816	-816	-251	-1,101	-341	-163	800	800	912
trade receivables and contract assets	-1,513		5,559	-3,216	6,528	3,338	4,345	-7,521	-3,503	1,661	1,661	7,316	7,316
trade payables	-624	4,104	-2,176	688	-2,913	1,833	20	829	953	1,252	1,252	-598	-598	2,565	2,565	-819	-819	41	41	626	626	3,306	2,457	2,457	-617	-1,519	1,644	860	-588	-588	518		1,717	-1,863	-1,360
provisions and post-employment benefits	-1,897	-1,189	218	-10,509	10,719	-480	-3,459	7,330	-265	478	478	-847	-847	417	417	-601	-601	324	324	4,645	4,645	2,772	218	218	-14	-18	-225	-1,731	-970	-970	-1,752		-353	1,532	-3,265	672	967	-824	-2,059
contract liabilities	-1,501	-1,000	3,987	-4,413	-3,988	-1,641	8,463	-1,112	-220	-233	-233	757	757
other operating assets and liabilities	3,358	-1,108	-8,309	4,859	151	-1,698	-5,223	4,033	2,931	-94	-94	-1,637	-1,637	7,065	7,065	1,161	1,161	25	25	4,459	4,459	3,884	-1,662	-1,662	-4,317	-1,624	-2,806	2,693	2,206	2,206	-2,554	1,851	-492	-1,238	-1,878	4,467	5,043		2,587
interest received
interest paid
taxes paid
cash flow from operating activities	5,279	5,449	4,302	496	6,989	3,623	5,765	4,287	2,040	1,442	1,442	1,573	1,573	11,159	11,159	-18	-18	1	1	-1,541		19,412	-713	-713	-2,372	-1,350	2,054	14	1,459	1,459	4,291	6,973	-1,364	9,131	-2,858	6,963	8,544	-1,605	4,576
investing activities
investments in property, plant and equipment	-963	-1,327	-1,113	-1,475	-1,231	-1,098	-1,314	-1,080	-1,088	-951	-951	-856	-856	-1,105	-1,105	-739	-739	-1,018	-1,018	-1,015		-1,699	-1,572	-1,572	-1,474	-1,415	-1,320	-1	-778	-778	-1,278		-994	-1,189	-1,018	-1,297	-893	-871	-768
sales of property, plant and equipment	55	69	26	206	122	184	232	57	102	52	52	123	123	898	898	12	12	37	37	69	69	277	50	50	44	139	53	179	97	97	11	17	-10	114	25	628	108	13	39
acquisitions/divestments of subsidiaries and other operations	-89	-45	-208	-1,341	-466	3	299	20	-425	-431	-431	-449	-449	-107	-107	371	371	9	9	3	3	-50	-480	-480	-108	-286	-1,512	-713	-1,794	-1,794	-39			981	-9,491	1,113	602
product development	-167	-211	-262	-329	-313	-446	-457	-195	-151	-325	-325	-254	-254	-138	-138	-126	-126	-315	-315	-865		-1,291	-1,099	-1,099	-1,208	-155	-185	-182	-237	-237	-214		-525	-327	-209	-393	-422	-237	-206
purchase of interest-bearing securities
sales of interest-bearing securities
other investing activities	301	-126	-42	-74	-56	-36	-165	-96	-190	-398	-398	161	161	-573	-573	42	42	-42	-42	110	110	-2,341	-890	-890	735	-1,302	-388	-1,195	-230	-230	-203	1,652	-520	886	-1,417	884	12	-92	-74
cash flow from investing activities	-1,109	-499	-5,031	-4,772	-3,058	1,021	3,268	-2,204	-1,722	1,603	1,603	-1,809	-1,809	-3,797	-3,797	3,316	3,316	-2,005	-2,005	-13,584		-6,609	1,364	1,364	-998	-711	3,660	-11,424	-3,086	-3,086	7,486		5,974	987	-12,534	-4,281	-1,985	-3,564	-9,182
financing activities
proceeds from issuance of borrowings
repayment of borrowings
dividends paid	-42	-2,489	-9	-15	-141	-3,308	-986	-134	-2	-3,289	-3,289			-1	-1	-145	-145	-3,274	-3,274	-4			-12,067	-12,067	-33	-3	-9,828	-208	-21	-21	-8,863		-8,252	-5,956		-38	-8,008	-177
repayment of lease liabilities	-567	-618	-596
other financing activities	-277	-1,451	2,036	834	1,396	-680	-1,010	-429	254	-383	-383	-94	-94	2,073	2,073	1,563	1,563	-5,636	-5,636	10,902	10,902	-1,039	2,761	2,761	94	-1,288	-2,393	3	43	43	-4,236	1,062	1,112	8,012	1,874	856	-3,581	241	572
cash flow from financing activities	-886	-4,558	1,431	108	203	-4,611	-2,600	-563	252	-3,672	-3,672	-94	-94	2,072	2,072	1,418	1,418	-8,910	-8,910	10,898	10,898	-1,039	-9,306	-9,306	61	-1,291	-12,221	3	22	22	-13,099	681	-7,140	2,056	1,874	818	-11,589	64	572
effect of exchange rate changes on cash	-165	-3,084	2,566	-1,936	1,550	13	631	811	-1,562	980	980	1,143	1,143	240	240	48	48	-594	-594	215	215	801	1,652	1,652	-981	2,306	1,499	209	-1,711	-1,711	2,357		599	441	53	611	308	171	257
net change in cash and cash equivalents	3,119	-2,692	3,268	-6,104	5,684	46	7,064	2,331	-992	353	353	813	813	9,674	9,674	4,764	4,764	-11,508	-11,508	-4,012		12,565	-7,003	-7,003	-4,290	-1,046	-5,008
cash and cash equivalents, beginning of period	45,655	48,347	45,079	51,183	45,499	45,453	38,389	36,058	37,050	36,697	36,697	35,884	35,884	26,210	26,210	21,446	21,446	32,954	32,954	36,966	36,966	24,401	35,934	35,934	40,224	33,088	38,096	35	38,479	38,479	37,444	28,707	30,638	24,348	37,813	33,702	35,417	25,561	29,969
cash and cash equivalents, end of period	48,774	45,655	48,347	45,079	51,183	45,499	45,453	38,389	36,058	37,050	37,050	36,697	36,697	35,884	35,884	26,210	26,210	21,446	21,446	32,954	32,954	36,966	28,931	28,931	35,934	32,042	33,088	42	35,163	35,163	38,479	32,845	28,707	36,963	24,348	37,813	30,695	20,627	26,192
earnings/dividends in associated companies
earnings/ dividends in jv and associated companies
acquisitions/ divestments of subsidiaries and other operations
earnings/dividends in jv and associated companies	74	155	30	33	278	71	24	-36	28	-19	-19	4	4	-2	-2	73	73	-8	-8	-7		-21	73	73	-16	-10	356	138	50	50	37	579	1,193	1,718	1,764	1,550	-41
sale of interest-bearing securities
•
proceeds from issuance of long-term debt
repayment of long-term debt
sale of own shares
taxes paid/received
interest-bearing securities	-246	1,141	-3,432	-1,759	-1,114	2,414	4,673	-910	30	3,656	3,656	-534	-534	-2,772	-2,772	3,756	3,756	-676	-676	-11,886		-1,505
other non-cash items
changesin operating netassets
custom erfinance, currentand non-current
other operating assets and liabilities,net
investm entsin property,plantand equipm ent
sales of property, plantand equipm ent
acquisitions/divestments of subsidiaries and other operations, net¹¾
product developm ent
1)
19 ericsson \| first quarter report 2021
effect of exchange rate change son cash
sek million
adjustments to reconcile net income to cash
cash flow before financing activities		4,950	-729	-4,276	3,931	4,644	9,033	2,083	318	3,045	3,045	-236	-236	7,362	7,362	3,298	3,298	-2,004	-2,004	-15,125		12,803	651	651	-3,370	-2,061	5,714	3	-1,627	-1,627	11,777	5,451	4,610	10,118	-15,392	2,682	6,559	-5,169	-4,606
net income reconciled to cash			4,744	7,953	-4,320	4,952	5,481	-98	2,916	-259	-259	-1,005	-1,005	-4,477	-4,477	-1,921	-1,921	-833	-833	-9,249
acquisitions/divestments of subsidiaries and other operations, net¹)
repayment of lease liabilities²)
lease liabilities				-711	-1,052	-623	-604
trade receivables														-2,591	-2,591	1,124	1,124	450	450	2,397	2,397	3,713	-564	-564	3,408	-1,222	-892	-4,910	-4,744	-4,744	3,084	2,882	-5,427	5,017	1,810	-9,584	-356	-2,443	200
net sales
operating expenses
operating income
restructuring charges
year-end position, sek million
total assets
property, plant and equipment
stockholders’ equity
non-controlling interest
per share indicators
earnings per share, basic, sek
earnings per share, diluted, sek
dividends per share, sek
dividends per share, usd
number of shares outstanding
end of period, basic
average, basic
average, diluted
other information, sek million
additions to property, plant and equipment
depreciations and writedowns/impairments of property, plant and equipment
acquisitions/capitalization of intangible assets
amortization and write-downs/impairments of intangible assets
research and development expenses
as percentage of net sales
inventory turnover days
alternative performance measures
gross margin
operating margin
ebita margin
cash conversion
free cash flow
capital employed, sek million
return on equity
return on capital employed
equity ratio
capital turnover
working capital, sek million
gross cash, sek million
net cash, sek million
statistical data, year-end
number of employees
of which in sweden
export sales from sweden, sek million
isolated quarters, sek million
income statement and cash flow items, sek million
dividend per share
capital stock, sek million
depreciations and write-downs/impairments of property, plant and equipment
net cash, sek million2)
short-term investments																							5,355	5,355	1,013	2,308	7,012	-8	-144	-144	9,209		8,133	522	-424	-5,216	-1,392	67	7,523
adjustments to reconcile net income to cash , see note c25
cash conversion =a/
average capital employed 1)
capital employed on january 1
capital employed on december 31
average capital employed
capital turnover 2)
customer finance, current and non–current
provisions and post–employment benefits
short–term investments
acquisitions of subsidiaries and other operations
divestments of subsidiaries and other operations
proceeds from stock issue
sale/repurchase of own shares
net change in cash																												6	-3,316	-3,316	1,035	4,138	-1,931	12,615	-13,465	4,111	-4,722	-4,934	-3,777
january 1, 2012
total comprehensive income
transactions with owners
stock issue
stock purchase plans
transactions with non-controlling interest
december 31, 2012
january 1, 2011
december 31, 2011
january 1, 2010
december 31, 2010
2012
segment sales
inter-segment sales
financial income
financial expenses
income after financial items
other segment items
share in earnings of joint ventures and associated companies
amortization
depreciation
impairment losses
reversals of impairment losses
write-down of investment
restructuring expenses
gains/losses from divestments
customer financing, current and non-current																																		-267	-1	-619	371	-76	-120
acquisitions/divestments of subsidiaries and other operations, net 1)																																	-110
acquisitions/divestments of subsidiaries and other operations, net1)
sale of own stock and options exercised
operating
investing
financing
cash, beginning of period
translation difference in cash
cash, end of period
sony ericsson
mobile communications
management limited
net income affecting cash																																		4,344	4,198
sony ericsson mobile communications management limited
*
earnings per share, diluted
operating income per share
cash flow from operating activities per share
stockholders’ equity per share, basic, end of period
p/e ratio
total shareholder return
operations
investments
eur million
income reconciled to cash
—of which capital expenditures, sales of pp&e, product development
—of which acquisitions/divestments
—of which short-term investments for cash management purposes and other investing activities
gross cash
net cash
ebitda margin
operating margin excl. sony ericsson
net income 3)
eps, sek 3)
cash flow excl. sony ericsson
operating margin excl sony ericsson
net income 2) 3)
eps diluted, sek 2) 3) 4)
cash flow before financing activities adjusted for acquisitions/divestments and short-term investments
cash conversion2)
- taxes																																						-65	-289
- undistributed earnings in jvs and associated companies																																						209	-1,504
- depreciation, amortization and impairment losses																																						1,953	1,863
- other																																						63	-164
operating net assets
other operating as sets and liabilities																																						-2,813
acquisitions and divestments of subsidiaries and other operations																																						-2,444
acquisitions and divestments of subsidiaries and other operations																																							-15,696
changes in operating net assets *
form 20-f item heading
part i
1
2
3
4
4a
5
net income1)
cash flow before financial investing activities
earnings per share, sek1)
net income attributable to stockholders of the parent company
accounts receivable
cash flow from operating investing activities
sale/repurchase of own stock
net income 1)
earnings per share, sek 1)
earnings per share, sek, excl. amortization of marconi intangibles
customer financing, short-term and long-term
other equity transactions
depreciation, amortization and write-downs on tangible assets, intangible assets and other operating long-term receivables
write-downs on other investments and capital gains(–)/losses on sale of fixed assets excluding customer financing
accounts receivable – trade
provisions and pensions
investments in tangible assets
sales of tangible assets
acquisitions/sales of shares and other investments
capitalization of development expenses
net change in capital contributed by minority
changes in current liabilities to financial institutions
proceeds from issuance of other long-term debt
depreciation and amortization
write-downs and capital gains(-)/losses on sale of fixed assets
accounts receivable - trade
orders booked
adjusted gross margin
adjusted operating income
adjusted income after financial items
earnings per share
opex run rate, annualized
sek b.
mobile networks
fixed networks
professional services
adjusted operating margin
capitalized development expenses
capital gains/losses on sale of fixed assets
accounts receivable—trade
other operating assets, provisions and liabilities
acquisitions/sales of other investments
issue of convertible debentures
gain on sale of own stock options and convertible debentures
orders
— systems
— other operations
sales
adjusted operating income 1)
— phones
— unallocated
adjusted operating margin 1)
adjusted income before taxes 1)
1) adjusted for:
— capital gain, juniper
— non-operational capital gains
— restructuring costs
— capitalization of development expenses
2) 2001 figures are restated for:
—changed accounting principles in sweden 2002 regarding consolidation of companies with a controlling interest. —results from parts of phones transferred to the joint venture sony ericsson mobile communications, reported under share in earnings of jv and associated companies for the full year 2001.
2001
2002
change
cancellations 2002
2002 net

Telefonaktiebolaget LM Ericsson (publ)(NASDAQ:ERIC)

Telefonaktiebolaget LM Ericsson (publ)
(NASDAQ:ERIC)