Ericsson publishes restated segment financial statements
As announced in May 2022, Ericsson (NASDAQ: ERIC) will begin publishing financial statements under its new segment structure beginning in the third quarter of 2022. To facilitate year-over-year comparisons, Ericsson today publishes Segment restated financial statements for the full year 2020; 2021 per quarter and 2022 Q1 and Q2.
The four segments reported are:
Networks – including radio access networks, transport solutions, site solutions, network deployment and tuning, and customer support.
Cloud software and services – including Core Network and Automation, Managed Services, Service Orchestration, and Telecom BSSs.
Company – including Enterprise Wireless Solutions, Technologies & New Businesses, Global Communication Platform (Vonage – released from Q3 2022) and Global Network Platform.
Other – including media companies, Ericsson Ventures and one-offs.
Net revenue for the Networks and Cloud Software & Services segments includes a breakdown of sales into products, services and DPI licensing revenue. The revenue split from IPR licenses will be 82% in networks and 18% in software and cloud services.
There is no change in the geographical structure. Net sales will continue to be reported in five geographic market areas and the Other market area. The Enterprise segment will mainly be reported in Market Area Other.
Find the restated segment financial data attached in pdf format. Full tables of restated segment financial data are available at www.ericsson.com/investors.
CONFERENCE CALL FOR ANALYSTS, INVESTORS AND JOURNALISTS
A conference call for financial analysts, investors and journalists will begin at 3:00 p.m. CEST Stockholm (2:00 p.m. BST London, 9:00 a.m. EDT New York). Chief Financial Officer Carl Mellander will comment on the restated financial statements and answer questions.
Conference call: register here
Ask a question: Access call information here
NOTES TO EDITORS:
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Ericsson enables communications service providers and businesses to take full advantage of connectivity. The company’s portfolio covers the following business areas: networks, software and cloud services, enterprise wireless solutions, global communications platform, and technologies and new businesses. It is designed to help our customers go digital, increase efficiency and find new sources of revenue. Ericsson’s investments in innovation have brought the benefits of mobility and mobile broadband to billions of people around the world. Ericsson shares are listed on Nasdaq Stockholm and Nasdaq New York. www.ericsson.com