Telefonaktiebolaget LM Ericsson - Company Profile
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Telefonaktiebolaget LM Ericsson (Ericsson) is a provider of networking and telecommunications products and services. The company offers services, software, and infrastructure in the areas of mobility, broadband, and cloud. Ericsson's products and services assist telecom operators and other businesses improve operational efficiency. The company's primary offering includes network infrastructure for mobile and fixed communication, such as 2G, 3G, and 4G radio networks, and IP core and transport networks. Ericsson also offers learning services, support services, network roll-out, device and network testing, core and cloud consulting, and digital transformation consulting services. The company has business presence in Europe, North America, Asia-Pacific, Latin America, Africa and the Middle East. Ericsson is headquartered in Kista, Stockholm, Sweden.
Headquarters
Sweden
Address
Torshamnsgatan 21, Kista, Stockholm, 16483
Website
www.ericsson.com
Telephone
46 10 7190000
No of Employees
99,003
Industry
Technology and Communications
Ticker Symbol & Exchange
ERIC B (STO)
Revenue (2022)
$24.8B
-3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-241.2%
(2022 vs 2021)
Market Cap*
$16.5B
Net Profit Margin (2022)
XYZ
-245.5%
(2022 vs 2021)
* As of and is in US$
Telefonaktiebolaget LM Ericsson premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Communication Core Networks | Learning Services | Ericsson |
| Ericsson Radio System | Support Services | |
| Cloud Software | Network Roll-Out | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company partnered with Swisscom to improve customer experience and advance its mobile network, focusing on sustainability. |
| 2024 | Contracts/Agreements | In March, the company and Etihad Etisalat expanded their managed services agreement for a further three years to support next-generation Artificial Intelligence and Machine Learning for autonomous operations. |
| 2024 | Contracts/Agreements | In March, the company and Elisa entered into a partnership to unveil a 5G standalone network, introducing cutting-edge mobile connectivity to Finland. |
Competitor Comparison
| Key Parameters | Telefonaktiebolaget LM Ericsson | Accenture Plc | International Business Machines Corp | Cisco Systems Inc | HP Inc |
|---|---|---|---|---|---|
| Headquarters | Sweden | Ireland | United States of America | United States of America | United States of America |
| City | Stockholm | Dublin | Armonk | San Jose | Palo Alto |
| State/Province | - | - | New York | California | California |
| No. of Employees | 99,003 | 733,000 | 305,300 | 84,900 | 58,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jan Carlson | Chairman | Executive Board | 2023 | 63 |
| Borje Ekholm | Director; President; Chief Executive Officer | Executive Board | 2017 | 60 |
| Lars Sandstrom | Chief Financial Officer; Head - Group Function Finance; Senior Vice President | Senior Management | 2024 | - |
| Chris Houghton | Chief Operating Officer; Senior Vice President; Head - Business Area Technology and New Businesses; Head - Market Area North East Asia | Senior Management | 2023 | 57 |
| Erik Ekudden | Chief Technology Officer; Head - Group Function Technology; Senior Vice President | Senior Management | 2018 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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