Ulf Ewaldsson

Ericsson warns of €1.5bn Q1 hit as it refocuses business

Ericsson said that it could record up to SEK 15 billion (€1.57 billion) in extra costs in the first quarter as a result of write-downs, restructuring charges and “recent negative developments”. Outlining its “refocused business strategy”, Ericsson said it expects to take a SEK3 billion to SEK4 billion (€315 million – €420 million) hit to […]