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Ericsson reports first quarter results 2021

Ericsson reports first quarter results 2021
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First quarter highlights
Sales adjusted for comparable units and currency grew by 10% YoY despite SEK -1.6 b. lower IPR licensing revenues YoY and four of the five market areas showed double-digit growth. Reported sales were SEK 49.8 (49.8) b.
Gross margin excluding restructuring charges improved to 42.9% (40.4%) with margin improvements in all segments despite lower IPR licensing revenues. Reported gross margin improved to 42.8% (39.8%).
EBIT excluding restructuring charges improved to SEK 5.3 b. (10.7%) from SEK 4.6 b. (9.3%) YoY driven by Networks, more than offsetting the negative impact from lower IPR licensing revenues. Reported EBIT was SEK 5.3 (4.3) b. ....

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Ericsson continues to cash in on 5G momentum - Mobile World Live

Ericsson continues to cash in on 5G momentum - Mobile World Live
21 APR 2021
Ericsson pointed to an organic sales uplift of 10 per cent during Q1 2021, primarily driven by growth of its Networks unit, as CEO Borje Ekholm argued the company was well positioned to take advantage of continued 5G market momentum throughout 2021.
The Swedish vendor stated sales for comparable units and currency grew 10 per cent year-on-year to SEK49.8 billion ($5.9 billion), with net income rising 39 per cent to SEK3.2 billion. On a constant currency basis, the sales figure was flat.
Ericsson explained it achieved organic growth despite a SEK1.6 billion hit to licensing revenue related to a patent fight with Samsung, as four out of five business areas made double-digit gains. ....

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Ericsson's Nomination Committee appointed

Ericsson s Nomination Committee appointed
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STOCKHOLM, April 19, 2021 /PRNewswire/ Ericsson s (NASDAQ:ERIC) Nomination Committee for the Annual General Meeting 2022 has been appointed in accordance with the Instruction for the Nomination Committee resolved by the Annual General Meeting 2012.
The Nomination Committee consists of:
Johan Forssell, Investor AB;
Jonas Synnergren, Cevian Capital Partners Limited; and
Ronnie Leten, the Chair of the Board of Directors.
Johan Forssell is the Chair of the Nomination Committee.
Shareholders who wish to submit proposals to the Nomination Committee are welcome to contact the Nomination Committee. Proposals must be received in due time before the Annual General Meeting to ensure that the proposals can be considered by the Nomination Committee. ....

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PTAC Consultants Serve as Partners Throughout 8(a) Certification Process

Omaha, Nebraska –
Obtaining 8(a) Business Development program certification from the U.S. Small Business Administration (SBA) is a big advantage for companies owned by socially and economically disadvantaged individuals, and the challenges of navigating the lengthy process can be lessened by the experienced consultants in the Nebraska Business Development Center (NBDC) Procurement Technical Assistance Center (PTAC) program.
“The difficulties inherent to the 8(a) certification process can be very frustrating for small business owners,” says Veronica Doga, PTAC program director. “After they submit an application, the SBA reviews and often sends it back with more questions about the business.”
“It’s not a linear process, and every time the SBA asks questions, the clock stops. When a process can take up to two years, PTAC consultants provide the advice and encouragement these business owners need to make it to the finish line.” ....

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auckland.scoop.co.nz » Westpac Auckland Business Awards – Best Of The Best Woop! Woop! They Did It!

Press Release – Auckland Business Chamber
Parisian foodie and Woop! founder Thomas Dietz’s topped an incredible five-year journey with the Westpac Auckland Business Awards this evening when Woop! won the Supreme Business Excellence Award.
The best in Auckland business gathered for a Gala celebration this evening to round out the 2020 Awards programme, run by the Auckland Business Chamber.
Woop!, a meal-kit delivery service, has been on an amazing Awards trajectory, aligned with their growth over the years, and were one of the few businesses to have an opportunity to seize and thrive during the pandemic and New Zealand lockdowns last year. ....

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