Ericsson announced the financial results of the 1 st quarter of 2009

At last press conference in Stockholm, President and CEO of Ericsson, Mr. Carl-Henrik Svanberg announced financial results based on the results of the 1 st quarter 2009

The statement said that in general, sales in the region of Central and Eastern Europe, Middle East and Africa (CEMA) increased by 12%, but differences among countries in the region are substantial. In Turkey and African countries continue to actively develop the network 2G and 3G, while operators in markets most affected by the financial crisis, such as Russia and Ukraine, postpone investment.

Key indicators of the company look like this:

• Sales volume increased by 5% and amounted to 49.6 billion Swedish kronor (5.9 billion U.S.. Dollars), compared to 44.2 billion Swedish kronor for the same period last year.
• Operating profit of the company (excluding restructuring costs) prior to the establishment of the JV was 4.7 billion Swedish kronor (0.6. U.S.. Dollars), compared to 3.4 billion Swedish kronor for the same period last year.
• Operating profit expressed as a percentage (excluding cash payments for restructuring of SEK 1.2 billion) before the establishment of the JV was 9.5% (7.6% last year).
• Share of profits from a joint venture of -2.2 billion Swedish kronor (0.9 billion SEK during the same period last year).
• Profit after financial items (Excluding costs of restructuring) of 3.3 billion Swedish kronor (4.5 billion SEK).
• The cost of the restructuring amounted to SEK 0.7 billion (0.8 billion SEK), with the exception of PO
• Net profit amounted to 1.8 billion Swedish kronor (0.2 billion USD. United States). compared to 2.6 billion Swedish kronor a year earlier.
• Yield per share of 0.54 Swiss francs. crowns for 1 st quarter 2009 (compared to 0.83 Swiss francs. kroner a year earlier)
• Value of cash flows (excluding cash payments for restructuring of SEK 1.2 billion and dividend from Sony Ericsson) for the 1 st quarter of 2009 amounted to SEK -1.7 billion (-0.2 billion dollars. Dollars), compared with 2.8 billion SEK during the same period last year.