Financials ERICSSON

Equities

ERIC B

SE0000108656

Communications & Networking

Real-time Estimate Cboe Europe Other stock markets 08:41:12 15/01/2026 GMT			5-day change	1st Jan Change
88.12 ^SEK	+1.40%		+1.15%	-2.60%

08:08am	Ericsson Commences Negotiations to Slash Headcount in Sweden	MT
08:05am	Ericsson announces proposed staff reductions in Sweden	RE

Projected Income Statement: ERICSSON

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	232,390	232,314	271,546	263,351	247,880	236,316	235,514	238,523
Change	-	-0.03%	16.89%	-3.02%	-5.87%	-4.66%	-0.34%	1.28%
EBITDA ¹	37,788	41,298	37,962	30,084	50,358	43,824	37,680	37,501
Change	-	9.29%	-8.08%	-20.75%	67.39%	-12.97%	-14.02%	-0.47%
EBIT ¹	29,100	32,300	27,419	18,093	24,658	36,083	29,515	29,913
Change	-	11%	-15.11%	-34.01%	36.28%	46.34%	-18.2%	1.35%
Interest Paid ¹	-596	-2,530	-2,411	-2,993	-1,724	-575.5	-1,200	-962.3
Earnings before Tax (EBT) ¹	27,212	29,250	24,609	-23,319	2,589	35,399	25,240	26,544
Change	-	7.49%	-15.87%	-194.76%	111.1%	1,267.27%	-28.7%	5.17%
Net income ¹	17,483	23,000	18,724	-26,446	20	25,825	19,364	20,078
Change	-	31.56%	-18.59%	-241.24%	100.08%	129,024.02%	-25.02%	3.69%
Announcement Date	29/01/21	25/01/22	20/01/23	23/01/24	24/01/25	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	69,590	49,778	54,941	56,263	71,332	55,061	62,465	68,040	85,980	62,553	64,444	64,473	71,881	53,325	59,848	61,794	72,913	55,025	56,132	56,239	67,011	51,342	55,409	56,618	67,414
Change	-	-28.47%	10.37%	2.41%	26.78%	-22.81%	13.45%	8.92%	26.37%	-27.25%	3.02%	0.05%	11.49%	-25.81%	12.23%	3.25%	17.99%	-24.53%	2.01%	0.19%	19.15%	-23.38%	7.92%	2.18%	19.07%
EBITDA ¹	13,293	7,273	7,924	11,225	14,876	6,931	9,581	9,834	11,616	7,118	5,634	6,881	10,451	6,712	6,124	9,619	12,597	8,962	9,224	17,583	10,396	7,062	8,191	9,378	13,098
Change	-	-45.29%	8.95%	41.66%	32.53%	-53.41%	38.23%	2.64%	18.12%	-38.72%	-20.85%	22.13%	51.88%	-35.78%	-8.76%	57.07%	30.96%	-28.86%	2.92%	90.62%	-40.88%	-32.07%	15.99%	14.5%	39.66%
EBIT ¹	11,000	5,338	5,827	8,800	12,300	4,800	7,400	7,200	8,081	4,000	2,821	3,900	7,368	4,305	3,229	7,327	9,797	6,200	7,047	15,454	9,285	5,214	5,839	6,974	-
Change	-	-51.47%	9.16%	51.02%	39.77%	-60.98%	54.17%	-2.7%	12.24%	-50.5%	-29.48%	38.25%	88.92%	-41.57%	-24.99%	126.91%	33.71%	-36.72%	13.66%	119.3%	-39.92%	-43.85%	11.99%	19.45%	-
Charge d'intérêts ¹	-95	-533	-454	-598	-945	-643	-759	-535	-474	-917	-419	-719	-938	-471	-361	-501	-391	-74	34	-212	-263	-450	-375	-425	-400
Earnings before Tax (EBT) ¹	10,913	4,728	5,369	8,835	10,916	4,101	6,549	7,115	7,379	2,129	-731	-29,627	4,910	3,629	-13,880	5,273	7,567	5,857	6,425	14,939	7,953	4,751	5,559	6,192	8,707
Change	-	-56.68%	13.56%	64.56%	23.55%	-62.43%	59.69%	8.64%	3.71%	-71.15%	-134.34%	-3,952.94%	116.57%	-26.09%	-482.47%	137.99%	43.5%	-22.6%	9.7%	132.51%	-46.76%	-40.26%	17%	11.38%	40.63%
Net income ¹	7,522	3,187	3,679	5,800	10,100	2,940	4,504	5,214	6,066	1,516	-686	-30,670	3,394	2,613	-11,132	3,814	4,779	4,149	4,567	11,149	4,475	3,278	4,160	5,186	7,317
Change	-	-57.63%	15.44%	57.65%	74.14%	-70.89%	53.2%	15.76%	16.34%	-75.01%	-145.25%	-4,370.85%	111.07%	-23.01%	-526.02%	134.26%	25.3%	-13.18%	10.07%	144.12%	-59.86%	-26.76%	26.94%	24.65%	41.09%
Announcement Date	29/01/21	21/04/21	16/07/21	19/10/21	25/01/22	14/04/22	14/07/22	20/10/22	20/01/23	18/04/23	14/07/23	11/10/23	23/01/24	16/04/24	12/07/24	14/10/24	24/01/25	15/04/25	15/07/25	14/10/25	-	-	-	-	-

¹SEK in Million

Estimates

Forecast Balance Sheet: ERICSSON

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-20,272	-35,151	-14,155	2,099	-18,390	-48,744	-39,861	-52,514
Change	-	-73.4%	59.73%	114.83%	-976.13%	-165.06%	18.22%	-31.74%
Announcement Date	29/01/21	25/01/22	20/01/23	23/01/24	24/01/25	-	-	-

¹SEK in Million

Estimates

Cash Flow Forecast: ERICSSON

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	4,239	3,548	4,228	3,297	2,340	3,082	3,332	3,598
Change	-	-16.3%	19.17%	-22.02%	-29.03%	31.69%	8.12%	7.98%
Free Cash Flow (FCF) ¹	15,096	35,517	26,635	3,880	43,921	21,153	23,447	24,895
Change	-	135.27%	-25.01%	-85.43%	1,031.98%	-51.84%	10.85%	6.18%
Announcement Date	29/01/21	25/01/22	20/01/23	23/01/24	24/01/25	-	-	-

¹SEK in Million

Estimates

Forecast Financial Ratios: ERICSSON

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	16.26%	17.78%	13.98%	11.42%	20.32%	18.54%	16%	15.72%
EBIT Margin (%)	12.52%	13.9%	10.1%	6.87%	9.95%	15.27%	12.53%	12.54%
EBT Margin (%)	11.71%	12.59%	9.06%	-8.85%	1.04%	14.98%	10.72%	11.13%
Net margin (%)	7.52%	9.9%	6.9%	-10.04%	0.01%	10.93%	8.22%	8.42%
FCF margin (%)	6.5%	15.29%	9.81%	1.47%	17.72%	8.95%	9.96%	10.44%
FCF / Net Income (%)	86.35%	154.42%	142.25%	-14.67%	219,605%	81.91%	121.09%	123.99%
Profitability
ROA	6.38%	7.86%	7.41%	-8.18%	0.01%	9.2%	6.73%	6.72%
ROE	20.7%	23.2%	15.37%	10.38%	3.07%	25.58%	19.56%	19.39%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	0.07x	-	-	-	-
Debt / Free cash flow	-	-	-	0.54x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.82%	1.53%	1.56%	1.25%	0.94%	1.3%	1.41%	1.51%
CAPEX / EBITDA (%)	11.22%	8.59%	11.14%	10.96%	4.65%	7.03%	8.84%	9.59%
CAPEX / FCF (%)	28.08%	9.99%	15.87%	84.97%	5.33%	14.57%	14.21%	14.45%
Items per share
Cash flow per share ¹	8.699	11.72	9.257	2.155	13.88	8.145	9.145	9.909
Change	-	34.78%	-21.04%	-76.72%	544.19%	-41.34%	12.29%	8.35%
Dividend per Share ¹	2	2.5	2.5	2.7	2.85	3.142	3.181	3.284
Change	-	25%	0%	8%	5.56%	10.26%	1.23%	3.24%
Book Value Per Share ¹	26.02	32.64	40.44	29.25	28.3	32.12	32.82	34.18
Change	-	25.42%	23.9%	-27.66%	-3.27%	13.51%	2.18%	4.12%
EPS ¹	5.26	6.81	5.62	-7.94	0.01	7.789	6.065	6.36
Change	-	29.47%	-17.47%	-241.28%	100.13%	77,789.9%	-22.14%	4.87%
Nbr of stocks (in thousands)	3,328,108	3,329,738	3,330,142	3,330,142	3,332,672	3,333,287	3,333,287	3,333,287
Announcement Date	29/01/21	25/01/22	20/01/23	23/01/24	24/01/25	-	-	-