Telefonaktiebolaget L M Ericsson Class B
ERIC B: XSTO (SWE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| #h& | LOCK|Nw | LOCK|l$VLZM^ |
Ericsson Earnings: Currency Impacts Bite an Otherwise Strong Quarter
Ericsson reported mostly positive first-quarter results, with 6% organic sales growth offset by significant currency-related headwinds, resulting in a 10% decline in reported sales. The firm also announced its first share buyback program, allocating SEK 15 billion for use over the next 12 months.
