0818 GMT - Ericsson's first quarter results are well above expectations with stronger-than-expected margins across the board, Kepler Cheuvreux analyst Sebastien Sztabowicz writes. Comparable sales were flat, but the adjusted EBITA margin increased by 300 basis points to 12.6%, which is 390 basis points above consensus. Free cash flow of 2.7 billion Swedish kronor compares to the 1.7 billion kronor expected. "While the RAN market is still expected to stabilize in 2025, there is still some downside in the coming months, depending on the final outcome of the U.S. tariffs." The bank reiterates its reduce rating and 80 kronor target price. Shares rise 7.2% to 78.86 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 04:18 ET (08:18 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.