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

By Benzinga
Benzinga
Benzinga
January 26, 2022 Updated: January 26, 2022

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.

It reported an EPS of SEK 3.02 versus SEK 2.26 last year.

The adjusted gross margin expanded 290 basis points to 43.5 percent. The adjusted EBIT margin improved by 140 bps to 13.9 percent.

The board will propose a dividend for 2021 to the AGM of SEK 2.50 per share, up 25 percent Y/Y.

Looking ahead, the company expects fundamentals to remain strong in its core mobile infrastructure business during 2022.

By Anusuya Lahiri

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