Financials ERICSSON OTC Markets

Stocks

ERIAF

SE0000108649

Communications & Networking

Delayed OTC Markets Other stock markets			5-day change	1st Jan Change
- ^USD	-.--%		-.--%	-

07-28	Storytel and Nibe in focus as OMXS30 rose 0.2%	FW
07-24	Nordic stocks in North America, Ericsson fell 0.7%	FW

Projected Income Statement: ERICSSON

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	232,314	271,546	263,351	247,880	236,681	226,153	230,855	235,282
Change	-	16.89%	-3.02%	-5.87%	-4.52%	-4.45%	2.08%	1.92%
EBITDA ¹	41,298	37,962	30,084	50,358	50,212	37,622	38,042	39,778
Change	-	-8.08%	-20.75%	67.39%	-0.29%	-25.07%	1.12%	4.56%
EBIT ¹	32,300	27,419	18,093	24,658	40,971	29,592	30,286	31,473
Change	-	-15.11%	-34.01%	36.28%	66.16%	-27.77%	2.35%	3.92%
Interest Paid ¹	-2,530	-2,411	-2,993	-1,724	-332	-522.7	-683.1	-492.1
Earnings before Tax (EBT) ¹	29,250	24,609	-23,319	2,589	38,302	24,165	27,936	29,561
Change	-	-15.87%	-194.76%	111.1%	1,379.41%	-36.91%	15.61%	5.82%
Net income ¹	23,000	18,724	-26,446	20	28,428	17,844	20,326	21,797
Change	-	-18.59%	-241.24%	100.08%	142,040%	-37.23%	13.91%	7.24%
Announcement Date	1/25/22	1/20/23	1/23/24	1/24/25	1/23/26	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	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	2027 Q1	2027 Q2
Net sales ¹	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	69,285	49,332	52,691	55,637	67,633	50,442	54,361
Change	-	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%	23.2%	-28.8%	6.81%	5.59%	21.56%	-25.42%	7.77%
EBITDA ¹	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	14,443	7,198	8,508	9,101	12,105	6,881	7,196
Change	-	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%	-17.86%	-50.16%	18.2%	6.96%	33.02%	-43.16%	4.59%
EBIT ¹	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	12,258	5,211	6,520	7,271	10,541	4,863	5,172
Change	-	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%	-20.68%	-57.49%	25.12%	11.51%	44.98%	-53.87%	6.35%
Charge d'intérêts ¹	-598	-945	-643	-759	-535	-474	-917	-419	-719	-938	-471	-361	-501	-391	-74	34	-212	-80	-193	-178	-150.5	-130.8	-80	-65
Earnings before Tax (EBT) ¹	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	11,081	1,250	5,741	7,080	10,099	5,919	6,858
Change	-	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%	-25.83%	-88.72%	359.28%	23.32%	42.65%	-41.39%	15.86%
Net income ¹	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	8,563	888	4,046	5,088	7,221	3,780	4,124
Change	-	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%	-23.19%	-89.63%	355.63%	25.76%	41.91%	-47.66%	9.11%
Announcement Date	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	1/23/26	4/17/26	7/14/26	-	-	-	-

¹SEK in Million

Estimates

Forecast Balance Sheet: ERICSSON

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-35,151	-14,155	2,099	-18,390	-23,938	-49,167	-58,294	-65,294
Change	-	59.73%	114.83%	-976.13%	-30.17%	-105.39%	-18.56%	-12.01%
Announcement Date	1/25/22	1/20/23	1/23/24	1/24/25	1/23/26	-	-	-

¹SEK in Million

Estimates

Cash Flow Forecast: ERICSSON

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	3,548	4,228	3,297	2,340	2,630	3,199	3,266	3,509
Change	-	19.17%	-22.02%	-29.03%	12.39%	21.62%	2.12%	7.42%
Free Cash Flow (FCF) ¹	35,517	26,635	3,880	43,921	26,769	22,935	25,923	26,529
Change	-	-25.01%	-85.43%	1,031.98%	-39.05%	-14.32%	13.03%	2.34%
Announcement Date	1/25/22	1/20/23	1/23/24	1/24/25	1/23/26	-	-	-

¹SEK in Million

Estimates

Forecast Financial Ratios: ERICSSON

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	17.78%	13.98%	11.42%	20.32%	21.22%	16.64%	16.48%	16.91%
EBIT Margin (%)	13.9%	10.1%	6.87%	9.95%	17.31%	13.08%	13.12%	13.38%
EBT Margin (%)	12.59%	9.06%	-8.85%	1.04%	16.18%	10.69%	12.1%	12.56%
Net margin (%)	9.9%	6.9%	-10.04%	0.01%	12.01%	7.89%	8.8%	9.26%
FCF margin (%)	15.29%	9.81%	1.47%	17.72%	11.31%	10.14%	11.23%	11.28%
FCF / Net Income (%)	154.42%	142.25%	-14.67%	219,605%	94.16%	128.53%	127.54%	121.71%
Profitability
ROA	7.86%	7.41%	-8.18%	0.01%	9.95%	6.78%	7.55%	7.84%
ROE	23.2%	15.37%	10.38%	3.07%	29.61%	18.87%	20.52%	20.93%
Financial Health
Leverage (Debt/EBITDA)	-	-	0.07x	-	-	-	-	-
Debt / Free cash flow	-	-	0.54x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.53%	1.56%	1.25%	0.94%	1.11%	1.41%	1.41%	1.49%
CAPEX / EBITDA (%)	8.59%	11.14%	10.96%	4.65%	5.24%	8.5%	8.59%	8.82%
CAPEX / FCF (%)	9.99%	15.87%	84.97%	5.33%	9.82%	13.95%	12.6%	13.23%
Items per share
Cash flow per share ¹	11.72	9.257	2.155	13.88	9.887	7.664	8.405	8.893
Change	-	-21.04%	-76.72%	544.19%	-28.79%	-22.48%	9.66%	5.81%
Dividend per Share ¹	2.5	2.5	2.7	2.85	3	3.059	3.177	3.32
Change	-	0%	8%	5.56%	5.26%	1.98%	3.86%	4.49%
Book Value Per Share ¹	32.64	40.44	29.25	28.3	32.86	33.51	35.78	38.43
Change	-	23.9%	-27.66%	-3.27%	16.14%	1.96%	6.77%	7.42%
EPS ¹	6.81	5.62	-7.94	0.01	8.51	5.306	6.248	6.882
Change	-	-17.47%	-241.28%	100.13%	85,000%	-37.65%	17.74%	10.15%
Nbr of stocks (in thousands)	3,329,738	3,330,142	3,330,142	3,332,672	3,333,287	3,292,153	3,292,153	3,292,153
Announcement Date	1/25/22	1/20/23	1/23/24	1/24/25	1/23/26	-	-	-