Ericsson Gains Premarket After Q2 Print, What's Going On?
Ericsson Gains Premarket After Q2 Print, What's Going On?
Ericsson (NASDAQ:ERIC) reported second-quarter fiscal 2024 results. The stock price climbed after the print.
愛立信（納斯達克股票代碼：ERIC）報告了2024財年第二季度業績。印度股價在公佈後上漲。
Sales declined 7% year-over-year to 59.8 billion Swedish Krona. In USD, sales of $5.597 billion beat the analyst consensus estimate of $5.363 billion. The sales decline was due to an 11% decrease in Networks.
營業額同比下降7％至598億瑞典克朗。按美元計算，銷售額爲55.97億美元，打敗了分析師共識預期的53.63億美元。銷售額的下降是由於網絡減少了11％。
Group organic sales declined by 7% Y/Y. Organic sales were stable in Cloud Software and Services and Enterprise.
集團有機銷售額同比下降了7％。雲軟件和服務以及企業的有機銷售額保持穩定。
Adjusted gross margin improved to 43.9% from 38.3% Y/Y, driven primarily by improved gross margin in Networks.
調整後毛利率從去年同期的38.3％提高到43.9％，主要是由於網絡毛利率的改善。
Adjusted EBIT margin was (19.9)% versus 4.4% Y/Y due to a non-cash impairment loss relating to the Vonage acquisition. Adjusted EBITA margin improved to 6.8% from 5.7% a year ago.
由於與Vonage收購相關的非現金減值損失，調整後EBIt利潤率爲（19.9）％，而去年同期爲4.4％。調整後EBITA利潤率從去年同期的5.7％提高到6.8％。
Ericsson reported an EPS loss of SEK (3.34) versus SEK (0.21) Y/Y. In USD, EPS of $0.01 missed the analyst consensus estimate of $0.05.
愛立信的每股收益爲SEk（3.34），而去年同期爲SEk（0.21）。按美元計算，每股收益爲0.01美元，低於分析師共識預期的0.05美元。
Free cash flow before M&A was SEK 7.595 billion in the quarter, benefiting from the operational improvements.
在M＆A之前的自由現金流在本季度爲75.95億瑞典克朗，受益於運營改善。
As of June 30, 2024, net cash stood at SEK 28.7 billion.
截至2024年6月30日，淨現金爲287億瑞典克朗。
Ericsson is taking further actions to address the ongoing challenges in the declining telecom equipment market, Bloomberg cites CFO Lars Sandstrom. In a Bloomberg interview, Sandstrom emphasized that a significant portion of the company's cost base is connected to personnel, and adjustments may be necessary moving forward.
據彭博社援引財務長Lars Sandstrom的話說，愛立信正在採取進一步措施應對衰落的電信設備市場。在接受彭博社採訪時，他強調公司成本的很大一部分與員工有關，未來可能需要做出調整。
Ericsson and its Nordic competitor Nokia Corp (NYSE:NOK) have struggled with a lackluster telecom equipment market for years as the anticipated surge in 5G technology spending did not materialize. Despite this, there are signs that sales will stabilize this year. Ericsson's $14 billion network deal with US operator AT&T Inc (NYSE:T) will likely start contributing to revenue in the second half of the year.
愛立信及其挪威競爭對手諾基亞公司（紐約證券交易所：NOK）多年來一直在衰弱的電信設備市場中苦苦掙扎，因爲預期中的5g技術支出激增沒有出現。儘管如此，有跡象表明今年銷售額將穩定。愛立信與美國運營商AT＆t Inc（紐約證券交易所：T）的140億美元網絡交易很可能在今年下半年開始對營業收入產生貢獻。
The prolonged downturn led Ericsson to cut approximately 8% of its workforce, or 8,500 employees, last year to reduce expenses. In March, the company announced the elimination of 1,200 jobs in Sweden. CEO Börje Ekholm acknowledged the challenging market conditions due to the slow pace of investments in India but anticipated benefits from North American contract deliveries in the latter half of the year.
由於印度投資步伐緩慢，使愛立信陷入長期衰退，去年公司裁員約8，500人，佔員工總數的8％，以降低開支。3月份，公司宣佈在瑞典裁減1,200個工作崗位。首席執行官Börje Ekholm承認由於印度投資步伐緩慢，市場條件具有挑戰性，但預計後半年將從北美合同交付中獲益。
Outlook: Ericsson expects a third-quarter adjusted gross margin of 45-47% and restructuring charges of SEK 3.0-4.0 billion in 2024.
展望: Ericsson預計第三季度的調整後毛利率爲45-47％，2024年的重組費用爲SEk 30-40億。
Price Action: ERIC shares are up 2.97% at $6.58 premarket at the last check Friday.
截至週五上午最後一次檢查，ERIC股票上漲2.97％，報6.58美元。
Photo by Mats Wiklund via Shutterstock
通過Shutterstock的Mats Wiklund拍攝的照片