Telefonaktiebolaget L M Ericsson Class B

ERIC B: XSTO (SWE)
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Ericsson Earnings: Currency Headwinds Hit Revenue but Margins Impress; Maintaining SEK 95 Valuation

Ericsson reported 2% year-over-year organic sales growth; however, a SEK 5 billion currency headwind caused reported sales to drop 6% during the second quarter. The 13% adjusted EBITA margin was up from 7% the previous year.

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