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Ericsson sales decline 14% in Q3 on lower demand
2016-10-21 08:22:00| Telecompaper Headlines
(Telecompaper) Ericsson said sales continued to fall in the third quarter, with revenues declining 14 percent from the year before to SEK 51.1 million. Sales were particularly impacted at the Networks segments, down 19 percent, as well as from less demand for broadband, especially in markets with a weak macro-economic environment. Economic weakness in regions such as Latin America, the Middle East and Sub-Saharan Africa weighed. Sales in Europe, China and North America also went lower year-on-year. Only South East Asia and Oceania posted sales growth, on the transition from 3G to 4G. Ericsson said it expects the sales trend to continue into the fourth quarter. The quarter will also be affected a contract renewal in the US with a reduced scope.
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ericsson
Category:Telecommunications
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