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Ericsson reported a near-tripling of its third-quarter net profit, boosted by a significant one-time gain from the sale of its iconectiv business, even as revenue declined.
Ericsson has finalized the sale of its iconectiv business to Koch Equity Development, completing a divestment aimed at sharpening its focus on its core telecommunications network equipment business.
Ericsson swung to a second-quarter profit as cost-cutting measures boosted margins, even as the Swedish telecommunications-equipment maker's revenue declined.
| 23 Nov 2023 |
| Ericsson reports third quarter results 2023 | 17 Oct 2023 |
| Ericsson announces changes to the Executive Team | 11 Oct 2023 |
| Ericsson announces impairment charge of SEK 32 billion and provides update on Q3 earnings | 11 Oct 2023 |
| Invitation to media and analyst briefing for Ericsson Q3 2023 report | 6 Oct 2023 |