Ericsson Clocks 3 Percent Sales Growth in Q4; Proposes Dividend Hike of 25 Percent

Swedish provider of telecommunications equipment and data communication systems giant Ericsson logo at the Ericsson headquarters in Stockholm's suburb of Kista, on Nov. 7, 2012. Jonathan Nackstrand/AFP via Getty Images

Telefonaktiebolaget LM Ericsson reported a fourth-quarter FY21 sales growth of 3 percent year-on-year to SEK71.3 billion. Group organic sales grew by 2 percent Y/Y.

Organic sales in Networks rose 3 percent Y/Y, and Digital Services sales were flat Y/Y.