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Ericsson reports first quarter results 2018

Ericsson reports first quarter results 2018 First quarter highlights (In 2017, certain items affecting comparability had a significant negative impact on the results.)  Reported sales decreased by -9% YoY. Sales, adjusted for currency, decreased by -2% YoY with lower revenues in market areas North East Asia as well as in South East Asia, Oceania and India. The other market areas showed growth. Gross margin was 34.2% (15.7%) 1). Gross margin excluding restructuring charges improved YoY, to 35.9% (18.7%) 1), supported by cost reductions and the continued ramp-up of Ericsson Radio System (ERS). Operating income (loss) was SEK -0.3 (-11.3) b. Operating income (loss) excluding restructuring charges was SEK 0.9 (-9.5) b. Networks operating margin excluding restructuring charges was 13.5% (12.8%) 1) with strong gross margin and increased investments in R&D. Digital Services gross margin excluding restructuring charges improved YoY, to 41.4% (-25.5%) 1), driven by improved services margins as a result of cost reductions. Operating income (loss) excluding restructuring charges was SEK -2.0 (-8.8) b. Managed Services operating margin excluding restructuring charges was 1.9% (-28.7%) 1) as a result of cost reductions and customer contract reviews. Cash flow from operating activities was SEK 1.6 (-1.5) b. and free cash flow was SEK 0.3 (-3.2) b. Net cash increased YoY to SEK 35.6 (28.3) b. 1) Write-down of assets as well as provisions and adjustments related to certain customer projects...

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Ericsson Media Solutions launches MediaFirst UHD for end-to-end UHD experiences

Ericsson Media Solutions launches MediaFirst UHD for end-to-end UHD experiences Industry first end-to-end media processing, encoding, storage and experience solution delivers content from camera to consumer in UHD and HDR Responds to growing consumer demand for higher picture quality by enabling a more natural and immersive viewing experience Solution combines Ericsson Media Solutions’ award-winning MediaFirst Video Processing, MediaFirst Content Processing and AVP System Encoders to deliver a holistic UHD solution Ericsson (NASDAQ: ERIC) Media Solutions today announces the launch of its MediaFirst End-to-End Ultra High Definition (UHD) solution, the industry’s first software-based, multi-application media processing and encoding platform to deliver UHD content from camera to consumer, across the entire media delivery landscape. The new platform is making its global debut at NAB Show 2018 (Booth #SU720), where the company is showing how it is transforming television by envisioning unique experiences that can be delivered everywhere for everyone through a set of evolved end-to-end media solutions. Ericsson ConsumerLab TV and Media research highlights how TVs with higher picture quality are becoming more prevalent. Ownership of HD TVs has increased from around 75 percent in 2012 to almost 85 percent in 2017, while 4K/UHD TVs are now present in over a fifth of all homes. The MediaFirst End-to-End UHD solution addresses this growing need, enabling consumers to enjoy a better and more immersive viewing experience, even on larger TV sets. The...

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Ericsson Media Solutions selected by Telefónica to transform its TV services

Ericsson Media Solutions selected by Telefónica to transform its TV services Extends long-term partnership to deliver advanced TV everywhere services across Telefónica Latin America’s operating businesses Ericsson Media Solutions enhances system capacity and services to provide availability to Telefónica subscribers across the region Three-year deal includes deployment of Ericsson Media Solutions’ Video Storage and Processing Platform to power seven day catch-up and time-shifted service Ericsson (NASDAQ: ERIC) has been selected by Telefónica to power a range of advanced TV services across its operating businesses in Latin America. The solution will be rolled out in 13 countries and will be available in Argentina, Brazil, Chile, Colombia and Peru by the end of this year, with eight other Latin America countries to follow by the end of 2020. As part of the three year deal, Ericsson Media Solutions will deploy its Video Storage and Processing Platform to enable Telefonica to launch seven-day catch up and time shift services to subscribers across the region. As part of the deployment, Ericsson Media Solutions will optimize current system architectures, and increase system capacity to enable a full range of personalized and seamless advanced TV everywhere experiences. Angel Ruiz, Head of Ericsson Media Solutions, says: “Service providers today are faced with huge libraries of content and HD recordings that they need to quickly and efficiently deploy as part of complex time-shifted TV services. We are...

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Börje Ekholm at Ericsson AGM: “Stabilize and simplify”

Börje Ekholm at Ericsson AGM: “Stabilize and simplify” President and CEO summarizes Ericsson’s focused business strategy Intense work in 2017 to stabilize the business and simplify the organization Ericsson well-positioned as 5G enters commercial phase Speaking at the Ericsson (NASDAQ: ERIC) Annual General Meeting (AGM), President and CEO Börje Ekholm summarized the company’s focused business strategy, its financial performance and the measures taken to improve company performance during 2017. A focused business strategy Ekholm explained that the starting point for Ericsson’s strategy is the focus on its customers, the service providers, and their three main challenges – decreasing the cost per gigabit, becoming fully digital, and finding new revenues. The strategy builds on three cornerstones; technology leadership, product-led solutions, and global scale and skill. Ekholm said: ”We are confident that the strategic choices we have made will create a strong and successful Ericsson over time. But as you know, we are not there yet.” Financial performance For the full year 2017, Ericsson’s reported net sales decreased by–10 %, to SEK 201 b. The reported operating income was SEK –38.1 (6.3) billion, largely explained by restructuring costs, impairment, provisions and adjustments in customer projects, with a combined negative effect of approximately SEK 40 billion. Adjusted operating income, which measures the underlying business, was SEK 1.7 billion. On the positive side, the development in Networks was stabilized during the year, with...

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Ericsson Media Solutions selected by AT&T to deliver premier golf tournament

Ericsson Media Solutions selected by AT&T to deliver premier golf tournament Solution responds to increasing demand for high resolution services and enables AT&T viewers to enjoy ultra-high definition (UHD) coverage of one of the world’s premier golf tournaments Deployment of AVP 2000 Contribution Encoder with HEVC technology provides flexible, multi-purpose media processing capabilities to ensure first-class content delivery Delivering significant bandwidth reductions and enhanced low latency without compromising on video quality, helping to drive increased cost efficiencies Ericsson (NASDAQ:ERIC) Media Solutions’ market-leading AVP 2000 Contribution Encoder was selected by AT&T to help reliably deliver high-quality UHD encoding to enhance its coverage of a premier golf tournament, after success leveraging the solution for a major winter sports event in February. The deployment also includes Ericsson Media Solutions’ innovative HEVC Encoder Module, which provides high-performance compression technology to enable the delivery of AT&T’s widely viewed content across multiple devices. The deployment of Ericsson Media Solutions’ AVP 2000 Contribution Encoder will enable AT&T to transform the performance of its TV service offering by making considerable bandwidth savings, maximizing the encoding efficiency, and offering a truly enhanced picture quality experience to its viewers. In addition, this HEVC-based solution maintains service content integrity with the lowest possible latency when contributing across different networks and platforms. “When it comes to the leading sporting events, our subscribers expect to enjoy the highest levels of quality possible,...

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