0818 GMT - Ericsson's first quarter results are well above expectations with stronger-than-expected margins across the board, Kepler Cheuvreux analyst Sebastien Sztabowicz writes. Comparable sales were flat, but the adjusted EBITA margin increased by 300 basis points to 12.6%, which is 390 basis points above consensus. Free cash flow of 2.7 billion Swedish kronor compares to the 1.7 billion kronor expected. "While the RAN market is still expected to stabilize in 2025, there is still some downside in the coming months, depending on the final outcome of the U.S. tariffs." The bank reiterates its reduce rating and 80 kronor target price. Shares rise 7.2% to 78.86 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 04:18 ET (08:18 GMT)
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