Financials ERICSSON

Equities

ERIC B

SE0000108656

Communications & Networking

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2026-01-19 EST			5-day change	1st Jan Change
86.54 ^SEK	-1.12%		-0.14%	-4.48%

01-19	European Markets Contract After Trump's Warning Shot
01-19	Three Sweden Launches Ericsson-Powered Commercial 5G SA	CI

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	236,210	235,120	238,259
Change	-	-0.03%	16.89%	-3.02%	-5.87%	-4.71%	-0.46%	1.34%
EBITDA ¹	37,788	41,298	37,962	30,084	50,358	43,624	37,676	37,644
Change	-	9.29%	-8.08%	-20.75%	67.39%	-13.37%	-13.63%	-0.09%
EBIT ¹	29,100	32,300	27,419	18,093	24,658	35,842	29,583	30,096
Change	-	11%	-15.11%	-34.01%	36.28%	45.36%	-17.46%	1.73%
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	35,426	25,093	26,475
Change	-	7.49%	-15.87%	-194.76%	111.1%	1,268.33%	-29.17%	5.5%
Net income ¹	17,483	23,000	18,724	-26,446	20	25,825	19,363	20,072
Change	-	31.56%	-18.59%	-241.24%	100.08%	129,024.02%	-25.02%	3.67%
Announcement Date	1/29/21	1/25/22	1/20/23	1/23/24	1/24/25	-	-	-

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	67,036	51,363	55,756	56,804	67,930
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%	19.2%	-23.38%	8.55%	1.88%	19.59%
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	6,815	8,321	9,552	11,325
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%	-34.44%	22.09%	14.8%	18.56%
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	5,100	6,187	7,395	8,347
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%	-45.07%	21.31%	19.52%	12.88%
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	3,147	4,206	5,244	6,581
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%	-29.69%	33.66%	24.7%	25.48%
Announcement Date	1/29/21	4/21/21	7/16/21	10/19/21	1/25/22	4/14/22	7/14/22	10/20/22	1/20/23	4/18/23	7/14/23	10/11/23	1/23/24	4/16/24	7/12/24	10/14/24	1/24/25	4/15/25	7/15/25	10/14/25	-	-	-	-	-

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	-49,330	-41,879	-54,423
Change	-	-73.4%	59.73%	114.83%	-976.13%	-168.24%	15.1%	-29.95%
Announcement Date	1/29/21	1/25/22	1/20/23	1/23/24	1/24/25	-	-	-

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	1/29/21	1/25/22	1/20/23	1/23/24	1/24/25	-	-	-

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%	18.47%	16.02%	15.8%
EBIT Margin (%)	12.52%	13.9%	10.1%	6.87%	9.95%	15.17%	12.58%	12.63%
EBT Margin (%)	11.71%	12.59%	9.06%	-8.85%	1.04%	15%	10.67%	11.11%
Net margin (%)	7.52%	9.9%	6.9%	-10.04%	0.01%	10.93%	8.24%	8.42%
FCF margin (%)	6.5%	15.29%	9.81%	1.47%	17.72%	8.95%	9.97%	10.45%
FCF / Net Income (%)	86.35%	154.42%	142.25%	-14.67%	219,605%	81.91%	121.09%	124.03%
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%	25.47%	19.69%	19.73%
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%	1.42%	1.51%
CAPEX / EBITDA (%)	11.22%	8.59%	11.14%	10.96%	4.65%	7.06%	8.84%	9.56%
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	7.935	8.585	9.121
Change	-	34.78%	-21.04%	-76.72%	544.19%	-42.85%	8.19%	6.25%
Dividend per Share ¹	2	2.5	2.5	2.7	2.85	3.082	3.173	3.255
Change	-	25%	0%	8%	5.56%	8.15%	2.96%	2.58%
Book Value Per Share ¹	26.02	32.64	40.44	29.25	28.3	32.2	33.03	34.49
Change	-	25.42%	23.9%	-27.66%	-3.27%	13.78%	2.61%	4.41%
EPS ¹	5.26	6.81	5.62	-7.94	0.01	7.791	6.008	6.323
Change	-	29.47%	-17.47%	-241.28%	100.13%	77,809%	-22.89%	5.24%
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	1/29/21	1/25/22	1/20/23	1/23/24	1/24/25	-	-	-