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RECENT EVENTS — 6G DEVELOPMENT

The European Commission (EC) has announced creation of the second phase of the EC’s 6G flagship initiative, called Hexa-X-II. The goal of this project is to establish Europe as a leader in 6G technology. It is supposed to ensure data transparency, privacy and security, and network robustness. Ericsson takes role as a technical manager in this particular project. Hexa-X-II aims to start at the beginning of next year, with a planned duration of 2.5 years. Magnus Frodigh, Vice President and Head of Ericsson Research, says: “6G should contribute to an efficient, human-friendly, sustainable society through ever-present intelligent communication.”

 

PERFORMANCE

Looking at the income statement, we can see the Q2 was quite stronger than Q1 leaving a good impression. Ericsson monitored 5% of organic sales, over 42% of gross margin, and is determined to reach long-term target of an EBITDA margin of 15-18% within 2-3 years.

ericson 1

 Carl Melander, CFO of Ericsson, mentioned in his Q2 financial results presentation that business momentum continues and that Ericsson expects the global 5G build-out to be larger and continue for longer. Which means greater business and finances for the company.[1]

On October 6 Ericsson published an invitation to media and analyst briefing for Q3 2022 report, which is supposed to be released on October 20, 2022, approximately at 7:00 AM CEST.

 

 

TECHNICALS — ERIC

Ericsson is now on something called oversold condition. But there are reasons for that, especially when we look and fear and greed index of, for example, S&P 500. It is extreme fear. And knowing that, we cannot really expect for a company like Ericsson to be in extreme numbers. [2]

eicson 2*

According to the chart, some may see a poor-performing company, others may see an opportunity for investment. The graph formed head and shoulders pattern, which was a bearish sign. However, Ericsson’s network engagement across Europe is tremendous and can be viewed as a great indicator of future gains.

ERICSSON — THE BACKGROUND

Ericsson is a Swedish networking and telecommunications company. It sells, among others, services in information and telecommunications technology. The company was founded in 1876 by Lars Magnus Ericsson. And an interesting closing fact — the company is the original founder of the Bluetooth technology. So, if you have ever felt thankful for that, now you know who to thank to. Additionally, you can check how Ericsson stands in the TOP 10 EU Tech companies according to BCM.

 

Written by Tomas Kolomaznik, financial analyst of BCM – Begin Capital Market

 

 

*Past performance is no guarantee of future results.

 

[1,2] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.

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The content of this material constitutes marketing communication and should not be considered as any type of investment advice and/or investment research and/or a solicitation for any transactions. This material was prepared for informational/educational purposes only and does not imply an obligation to perform investment transactions nor does it guarantee or predict future performance. BCM Begin Capital Markets Cy Ltd and its relevant persons including affiliates, agents, directors, or employees do not guarantee the accuracy, validity, timeliness, or completeness of any information/data provided by third parties and assume no liability for any loss arising from any investment made based on the said information/data. Past performance is no guarantee of future results.

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