Aufpassen auf ERICY!!
Die werden auf teufel komm raus empfehlen.
59 Fonds, die Aktien mit der WKN "850001" in den Top-Holdings besitzen.
974773 MI-FONDS 30 B 0,02%
974772 MI-FONDS 30 A 0,05%
974775 MI-FONDS 50 B 0,06%
987142 MLIIF GLOBAL ALLOCATION FUND (USD) 0,09%
974774 MI-FONDS 50 A 0,14%
541345 ANIMA INTERNATIONAL EQUITY B 0,23%
975670 INKA FS INVEST 0,26%
979470 AKTIEN WELT INKA 0,39%
987423 JB MI-FONDS INTERSTOCK B 0,44%
722676 GLOBAL OPPORTUNITIES STOCK FUND B 0,47%
987431 MI-FONDS INTERSTOCK A 0,47%
722675 GLOBAL OPPORTUNITIES STOCK FUND A 0,51%
921251 MI-FONDS ECO B 0,54%
921250 MI-FONDS ECO A 0,62%
541344 ANIMA EUROPEAN EQUITY B 0,90%
975695 HSBC TRINKAUS EUROPA INKA 0,93%
987138 MERRILL LIIF EUROPEAN VAL A£ 1,31%
974443 GARTMORE CSF EUROPEWIDE 1,36%
989226 HENDERSON HF CONT EURO EQ A2 1,40%
974436 GARTMORE CSF GLOBAL EQUITY 1,46%
971983 EUROPE STOCK FUND A 1,57%
974433 GARTMORE CSF CONT'L EUROPE 1,98%
798227 GARTMORE - CONT. EUROP. FUND ACTIONS NOM. B O.N. 1,98%
625952 GARTMORE SICAV CONTINENTAL EUROPEAN FUND (CLASS A) 1,98%
972459 INVESCO GT TECHNOLOGY A 2,00%
971984 EUROPE STOCK FUND B 2,04%
921282 ADIG INFOTECHNOLOGY L 2,04%
921280 ADIG INFOTECHNOLOGY N 2,04%
921281 ADIG INFOTECHNOLOGY I 2,04%
975222 METZLER AKTIEN EUROPA 2,07%
986943 SOGELUX FUND EQUITIES EUROPE A 2,15%
977319 DB INSTITUTIONELL E ( DVG) 2,30%
989719 MERRILL LIIF EURO MKTS Q 2,59%
989691 MERRILL LIIF EURO MKTS A 2,59%
552533 DWS INVEST TECHNOLOGY FC 2,60%
552532 DWS INVEST TECHNOLOGY NC 2,60%
552517 DWS INVEST TOP 50 EUROPE LD 2,80%
552516 DWS INVEST TOP 50 EUROPE LC 2,80%
988758 MERRILL LIIF EUROPEAN Q 2,86%
970986 MERRILL LIIF EUROPEAN A€ 2,86%
926020 BAYERN LB TELETECH FONDS TNL 2,98%
972010 INVESCO GT TELECOM B 3,10%
552518 DWS INVEST TOP 50 EUROPE NC 3,10%
552519 DWS INVEST TOP 50 EUROPE FC 3,10%
779374 MLIIF EUROPEAN GROWTH FUND 3,16%
933797 INVESCO GT EURO HIGH YIELD A 3,20%
979925 OP TECHNOLOGY 3,60%
977976 ACTIVEST GLOBALDYNAMIK 4,80%
938998 SEB INVEST CONCEPT WIRELESS 4,85%
987574 NORDEA 1 - SWEDISH EQUITY FUND SEK 5,06%
mfg
ath
muss mit 1,26 KK sagen, das du Recht behalten wirst und sich viele in 3-5 Jahren
wundern werden wo, die unter 1€ herkamen.
Ein zufriedener ERICY fan, und warum sichern die Ängstlichen nicht einfach mal
mit SL ab?
NOK habe ich bei dem Absturz aber noch mal mit KK 14,10 reingeholt, die wurden
zu stark geprügelt.
Frohe OSTERN und viel Spass beim EIER suchen.......;-)
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Wertpapier: Ericsson B |
Bin grundsätzlic deiner meinung, doch hätte ich ericy mit SL abgesichert, hätte ich sie schon lange nicht mehr.
PS. andererseits wäre mir das 2000er desaster erspart geblieben.
Noch ein kleines Ostergeschenk!!!
08.04.2004
Ericsson kaufen
Frankfurter Tagesdienst
Die Experten vom "Frankfurter Tagesdienst" empfehlen den unlimitierten Einstieg bei Ericsson (ISIN SE0000108656/ WKN 850001).
Mit der Umsatzwarnung von Nokia sei nun auch Ericsson in den Mittelpunkt des Interesses gerückt. Allerdings würden die Fakten bei Ericsson genau umgekehrt liegen, der überwiegende Teil des Umsatzes werde aus dem Geschäft mit Netztechnik generiert, während das Geschäft mit Mobiltelefonen einen verhältnismäßig kleinen Teil ausmache. Es werde davon ausgegangen, dass wenn sich bei Nokia das Netzwerkgeschäft schon positiv hervortue, sich dieser Effekt bei Ericsson überproportional auf die Ertragssituation auswirke. Das habe man bereits beim letzten Quartalsergebnis gesehen. Charttechnisch habe die Aktie inzwischen ein neues Kaufsignal generiert.
Nachdem die Experten vom "Frankfurter Tagesdienst" die Aktie bereits im Februar zum Kauf empfohlen hätten und das empfohlene Kauflimit von 1,97 Euro allerdings um ganze 6 Cent verfehlt worden sei, empfehlen sie die Aktien von Ericsson nun unlimitiert zum Kauf. Ein Stop-loss-Limit werde bei 2,15 Euro empfohlen.
mfg ath
habe auch den NEWSletter in der BOX von ERCY.
Die Banken sind schon toll, ist der Kurs nach oben gegangen
ziehen die ihre limits nach! TOLL
Eigene Beobachtung und am Ball bleiben bringt da mehr,wenn
uns kein Terrorakt erschüttert zu Ostern, dann ist 2004
noch einiges mehr als 2,70 €.
ALLES GUTE muss noch was kochen.
Harry
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Wertpapier: Ericsson B |
Ericsson Korrektur abwarten
Die Anlageexperten von "Die Actien-Börse" halten die Aktie von Ericsson (ISIN SE0000108656/ WKN 850001) für ein interessantes Investment, raten dem Anleger jedoch, eine kurzfristige Korrektur abzuwarten. Der Telekomausrüster habe einen Wachstumsplan bis zum Jahre 2008 vorgelegt. Demnach wolle die Gesellschaft bis dahin um 10% p.a. beim Umsatz zulegen. Somit dürften sich die Erlöse von 120 bis 122 Mrd. SKr in diesem Jahr auf rund 200 Mrd. SKr fast verdoppeln. Jedoch werde das Unternehmen bereits wieder mit dem Dreifachen des Umsatzes bewertet. Dafür sei Ericsson aber auch Weltmeister der Mobilfunkausrüstungen. Nach 400% Kursgewinn innerhalb der letzten 12 Monaten dürfte erst einmal eine kurzfristige Korrektur stattfinden. Anleger sollten sich bei der Aktie von Ericsson auf die Lauer legen, so die Wertpapierexperten von "Die Actien-Börse
mfg
ath
Die Ergebnisse der Telefonsparte von Nokia im 1. Quartal sind laut Goldman Sachs gut. Der Umsatzausblick enspreche den Markterwartungen, er verspreche eine anhaltend gute Nachfrage sowie einen angemessenen durchschnittlichen Verkaufspreis je Gerät. Die Prognose für das Ergebnis je Aktie im 2. Quartal von 0,13 bis 0,15 EUR bei unveränderten Umsätzen deute auf Margen um 15% sowie auf ein verstärktes Marketing hin. Die Bank weist auf den leicht erhöhten Netzwerk-Ausblick hin, der positiv für Ericsson sei.
Dow Jones Newswires/16.4.2004/bek/gre
mfg ath
Sony-ericy, die handysparte.
am 23.4.04 nur ericy.(wichtiger für das gesamtergebnis, da sony ericy nur einen bruchteil des geamtgeschäfts infrastruktur ausmacht)
mfg ath
08:38 19Apr2004 RTRS-Sony Ericsson Q1 beats consensus, says gained mkt share
STOCKHOLM, April 19 (Reuters) - Swedish-Japanese mobile phone maker Sony Ericsson reported first quarter pre-tax profits twice the consensus on Monday thanks to a booming market and cost cutting and said it gained market share.
The fifth-largest producer of handsets made a pre-tax profit of 97 million euros in the January-March period against expectations of 44 million euros in a Reuters poll of analysts and a 113 million loss a year earlier. Sales were 1.34 billion euros against consensus of 1.23 billion euros.
"Market share is estimated to have increased during the quarter thanks to strong demand and increased operational efficiencies," the company said in a statement.
mfg ath
Montag 19. April
STOCKHOLM (AFX) - Vier Tage vor der Vorlage der Quartalsbilanz haben unerwartet gute Zahlen beim JointVenture Sony Ericcson den Kurs des schwedischen Mobilfunkzulieferers LM Ericsson am Montag beflügelt. Die Aktien zogen in Stockholm um 2,63 Prozent auf 23,40 Schwedische Kronen an, während der All-Share-Index um 0,18 Prozent auf 216,74 Punkte zulegte.
Mit 97 Millionen Euro übertraf der Vorsteuergewinn des gemeinsamen Mobilfunkgeschäfts im ersten Quartal die Markterwartung um mehr als das Doppelte. Anzeige
Die Anleger spekulieren nun auch auf eine positive Überraschung bei der Bilanzvorlage am Freitag, da Ericsson (Stockholm: ERICb.ST - Nachrichten) im Mobilfunkgeschäft den Marktanteil gesteigert haben will.
"Sony Ericsson hatte wahrscheinlich im vierten Quartal weniger als 6 Prozent Marktanteil, während es im ersten mehr als 6 gewesen sein dürfen," sagte Telekom-Analst Greg Johansson von Nordea. Er werde deshalb seine Prognose für Sony Ericsson anheben. Zwar sei das Joint Venture für das Gesamtgeschäft von Ericsson nicht sehr wichtig. Jedoch stütze die Geschäftsentwicklung die Entwicklung der Gewinnspannen der Muttergesellschaft.
"Ich habe mit einem starken ersten Quartal gerechnet, aber nicht mit einem derartig starken. Im zweiten und dritten und vielleicht auch im vierten Quartal wird es weiter aufwärts gehen", sagte von Nordea./FX/so/mnr
mfg
ath
wollen wir mal hoffen, daß die Zahlen am Freitag so stark sind, daß es keine Gewinnmitnahmen gibt. Dann sehen wir 2,90 -3,00. Ende des Jahres bei halbwegs intakter Börse gehts bis ca. 4 Euro.
Gruß Löderup
Doch ändert es nichts daran, dass vile erst jetzt ericy wieder neu "entdecken" u. den kurs dadurch weitertreiben.
Der grund dafür: Ganz klar jetzt wird die aktie überall empfohlen, jeder "kasperbörsenbrief" der es ja schon immer gewusst haben will, empfiehlt jetzt ericy als beste telekomausrüsterfirma.
PS. aber eines ist sicher, viele sitzen noch auf kursen von über 20 euro u. die nehmen noch keine gewinne mit, sondern wollen immer noch "verbilligen".
mfg
ath
was glaubt ihr, nach diesem Schub auf 2,67 im high,
knacken wir die 2,80 oder deutlich mehr???
Hat wirklich mal jemand was seriöses über eine
Dividende ab 2004 gehört?
Freue mich immer mehr!!!
LG
Harry
ERICY rules
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Wertpapier: Ericsson B |
First quarter summary
* Net sales SEK 28.1 (25.9) b., up 9% year-over-year
* Gross margin 44.7% (34.1%)1) - up 3.1%-points sequentially
* Operating margin 16.1% (-10.8%)2)
* Income after financial items SEK 4.3 (-2.8) b.2)
* Net income SEK 3.0 (-4.3) b., up SEK 2.9 b. sequentially
* Earnings per share SEK 0.19 (-0.27)
First quarter Fourth quarter
SEK b. 2004 2003 Change 2003 Change
Orders booked, net 33.0 27.1 22% 29.5 12%
Net sales 28.1 25.9 9% 36.2 -22%
Gross margin (%) 44.7% 34.1% 1) - 41.6% 1) -
Operating income 4.5 -2.8 2) - 6.3 2) -
Income after financial items 4.3 -2.8 2) - 5.9 2) -
Net income 3.0 -4.3 - 0.1 -
Earnings per share 0.19 -0.27 - 0.01 -
Cash flow before financing 2.9 0.7 - 4.6 -
activities
1) Adjusted for restructuring charges in the first quarter 2003 SEK
1.8 b. and in the fourth quarter 2003 SEK 0.8 b.
2) Adjusted for restructuring charges in the first quarter 2003,
net, SEK 3.2 b. and in the fourth quarter 2003 SEK 4.0 b.
Orders booked in the quarter grew by 22% year-over-year and by 12%
sequentially to SEK 33.0 (27.1) b. Net sales in the quarter grew by
9% year-over-year to SEK 28.1 (25.9) b. and declined 22%
sequentially due to seasonality. Currency exchange effects have had
a negative impact on sales of 8% year-over-year.
Gross margin improved sequentially by 3.1 percentage points to
44.7% (34.1%), mainly attributable to the benefits of cost of sales
reduction activities and a favorable product mix. Operating expense
reductions are on track, with an annualized run rate of SEK 35 (47)
b. in the quarter. Income after financial items was SEK 4.3 (-2.8)
b. compared to SEK 5.9 b. in the fourth quarter. Net currency
exchange effects, compared to rates one year ago, have had a
negative impact of SEK 0.8 b. on operating income in the quarter.
Cash flow before financing was SEK 2.9 (0.7) b. with positive
effects from improved earnings. Cash flow was however also affected
by increased work in progress as a result of the higher business
activity. The financial position remained strong, with a net of
financial assets and liabilities, i.e. net cash, of SEK 26.8 b.
CEO COMMENTS
"We have clearly strengthened our market position since last
summer," says Carl-Henric Svanberg, President and CEO of Ericsson.
"Our year has started well with a number of contracts in key growth
areas. A stronger customer focus, including our commitment to
operational excellence, is clearly contributing to this
achievement.
We also continued to improve operating results. Gross margin
development exceeded our earlier expectations. We are benefiting
from our restructuring efforts and going forward we will continue
to strive for best-in-class cost efficiency. Our financial position
is now one of the industry's strongest.
The rollout of 3G continues. We are a major supplier in close to 50
networks that will be or have been commercially launched by
year-end. EDGE plays an important complementary role and continues
to grow quickly. Over time we expect most GSM networks to be
upgraded with EDGE. In addition, the new Ericsson Expander has been
well received as an enabler for communication in rural areas in
developed as well as in high-growth markets.
The long-term growth drivers of the industry remain solid. The
business environment is becoming more multifaceted, with new
business models and more advanced solutions. The vendor's ability
to support operators with total solutions that combine technical
know-how with consumer awareness is quickly growing in importance.
As a result, our traditional role as vendor is transforming more
into the role of a strategic partner," concludes Carl-Henric
Svanberg.
Market VIew
Last year saw considerably improved financials among operators and
an increased need for investments in capacity and network quality.
This is a result of the underlying growth in mobile communications,
driven by increased voice and mobile data traffic and operator
investment into capacity enhancements of both 2G and 2.5G.
Increased competition among operators is likely to continue to
stimulate traffic growth, especially in Western Europe.
The 3G rollout is a reality with a large number of initial
commercial launches expected by year-end. In addition, more than 75
operators in 50 countries are committed to deploy EDGE. The number
of WCDMA subscriptions grew 57% in the quarter to 4.4 million
subscriptions. The number of CDMA2000 1X subscriptions grew 35% to
95 million.
Demand for seamless services will drive the convergence of mobile
and fixed networks, including voice over IP. This will have a
positive impact on advanced mobile services and applications.
Consumer mobility behavior will drive demand and traffic patterns
in such converged seamless networks.
The service market segment continues to show good growth potential.
In the more complex business environment operators show growing
interest in services enabling them to focus on business
development, how to attract and retain customers as well as driving
cost efficiency.
Today, worldwide subscription penetration is only 23% with a total
of 1.4 billion subscriptions. The global number of mobile
subscriptions has been estimated to reach 2 billion during 2008
with particularly strong growth in emerging markets. The favorable
reception of the Ericsson Expander solution in coverage-driven
markets indicates that growth should develop beyond these
projections.
OUTLOOK
We estimate that the global mobile systems market in 2004, measured
in USD, will show slight to moderate growth, compared to 2003. This
improved outlook is mainly driven by growing traffic, network
expansions and continued 3G rollout. There is also an element of
operators catching up on previous years' limited investments.
Our previous estimate of the global mobile systems market was to be
in line with, or show slight growth, compared to 2003.
We maintain our view that the addressable market for professional
services, also measured in USD, is expected to continue to show
good growth.
Through our technology leadership and global presence we are well
positioned to benefit from the market opportunities.
CONSOLIDATED ACCOUNTS
FINANCIAL REVIEW
All comparative numbers are stated excluding restructuring charges.
Income
Orders booked were SEK 33.0 (27.1) b., an increase by 22%
year-over-year, driven by generally strong development in
Asia-Pacific, Central Europe, Middle East and Africa. Sequentially,
orders booked increased by 12%.
Sales were SEK 28.1 (25.9) b., an increase by 9% year-over-year.
High-growth markets such as China, Brazil and Mexico, were main
contributors to this development. Currency exchange effects were
8%. Due to seasonality sales declined by 22% sequentially.
Gross margin improved to 44.7% (34.1%), a sequential increase from
41.6%. The main reasons for the improvement were better than
anticipated benefits from cost of sales reductions activities and a
favorable product mix.
Operating expenses amounted to SEK 8.7 (10.8) b. The annualized run
rate was SEK 35 (47) b., down from SEK 37 b. in the previous
quarter. The earlier announced reduction target of an annualized
operating expense run rate of SEK 33 b. by the third quarter 2004
remains.
Operating income was SEK 4.5 (-2.8) b. compared to SEK 6.3 b. the
previous quarter. Income after financial items was SEK 4.3 (-2.8)
b. compared to SEK 5.9 b. in the fourth quarter.
Net effects of currency exchange differences on operating income
compared to the rates one year ago were SEK -0.8 b. in the quarter.
Excluding effects from currency hedging the effects would have been
-1.0 b.
Net income was SEK 3.0 (-4.3) b. for the quarter.
Earnings per share were SEK 0.19 (-0.27).
The number of employees amounted to 50,650 (60,940) at the end of
the quarter. Excluding some 2,000 employees added through managed
services contracts as well as employees notified but still included
in the company's payroll, the original headcount target of 47,000
has been reached.
Balance sheet and financing
The financial position remained strong with net of financial assets
and debt, i.e. net cash, at SEK 26.8 b. compared to SEK 27.0 b. at
year-end 2003. Cash improved by SEK 1.2 b. sequentially to SEK 74.4
b.
Days sales outstanding (DSO) for trade receivables were 102 (109),
an increase by 23 days sequentially, mainly due to seasonality.
Inventory, including work in progress, increased by SEK 3.5 b.
sequentially to SEK 14.4 (14.5) b., due to the higher business
activity.
Gross customer financing exposure decreased sequentially by SEK 1.0
b. to SEK 11.2 (20.1) b. Net customer financing credits on balance
sheet were reduced sequentially by SEK 0.1 b. to SEK 3.9 (13.6) b.
Effective from 2004, Ericsson has adopted Swedish accounting
principles, RR29 Employee benefits, in its financial reporting. The
effect of this accounting change has been reported as increased
pension provisions of SEK 1.8 b. and decreased equity, net after
taxes, by SEK 1.3 b.
The equity ratio was 35.0% (34.9%) compared to 34.4% at the end of
the previous quarter. Excluding the change in pension accounting
principles the equity ratio would have been 35.7 %.
Cash flow
Cash flow from operations remained strong at SEK 3.2 b. Cash flow
before financing activities amounted to SEK 2.9 (0.7) b. Cash flow
from investing activities was
SEK -0.3 b. net. The cash flow is affected by increased work in
progress as a result of the higher business activity.
Payment readiness increased sequentially by SEK 3.1 b. to SEK 78.4
(66.5) b., mainly due to improved earnings.
Cash outlays of SEK 5 b., with regard to restructuring, are
expected during 2004. Of this SEK 2.1 b. was paid in the first
quarter.
SEGMENT RESULTS
SYSTEMS
First quarter Fourth quarter
SEK b. 2004 2003 Change 2003 Change
Orders booked 31.1 25.0 24% 27.6 13%
Mobile Networks 24.9 17.5 43% 20.5 22%
Fixed Networks 1.2 2.0 -41% 1.1 4%
Professional Services 5.0 5.5 -10% 6.0 -17%
Net sales 26.1 24.0 9% 33.6 -22%
Mobile Networks 21.1 17.6 19% 25.7 -18%
Fixed Networks 0.9 1.9 -53% 2.2 -60%
Professional Services 4.1 4.4 -7% 5.7 -28%
Operating income 4.2 -1.5 1) - 5.8 1) -
Operating margin (%) 16% -6% 1) - 17% 1) -
1) Adjusted for restructuring charges in the first quarter 2003,
net, SEK 3.1 b. and in the fourth quarter 2003 SEK 3.6 b.
Systems orders increased sequentially by 13% to SEK 31.1 (25.0) b.
Year-over-year Systems orders increased by 24%. Systems sales
decreased 22% sequentially to SEK 26.1 (24.0) b. due to
seasonality. Year-over-year Systems sales increased by 9%.
Mobile Networks orders increased both sequentially and
year-over-year by 43% and 22% respectively, mainly driven by GSM
and 3G. Sales decreased sequentially by 18% due to seasonality.
WCDMA equipment and associated network rollout services share of
total Mobile Networks sales were stable at 12%.
The business development trend for Professional Services continues
with an increasing number of managed services and hosting
contracts. Sales can however vary between quarters and were flat
year-over-year, adjusted for currency exchange effects.
Professional Services represents 16% of total Systems sales.
OTHER OPERATIONS
First quarter Fourth quarter
SEK b. 2004 2003 Change 2003 Change
Orders booked 2.4 2.6 -8% 2.3 2%
Net sales 2.4 2.4 4% 3.2 -23%
Operating income 0.0 -0.5 1) - 0.3 1) -
Operating margin (%) 2% -20% 1) - 8% 1) -
1) Adjusted for restructuring charges in the fourth quarter 2003
SEK 0.8 b.
Orders booked showed a slight sequential increase. Sales decreased
sequentially mainly as a result of seasonality and effects of prior
restructuring activities. Ericsson Mobile Platforms had strong
sales growth both year-over-year and sequentially.
SONY ERICSSON MOBILE COMMUNICATIONS
Sony Ericsson Mobile Communications (Sony Ericsson) reported a
strong increase in shipments and record profits for the first
quarter 2004. Ericsson's share in Sony Ericsson's income after
financial items was SEK 0.5 b. compared to SEK 0.3 b. in the
previous quarter. In an overall strong mobile phone market,
shipments from Sony Ericsson reached an
all-time high as its product offering in the mid- and entry-level
segments continued to gain momentum. Units shipped in the quarter
posted a 63% increase compared to the same period last year. As
average sales price also increased slightly, sales were up 66%
compared to the same period last year.
Market share is estimated to have increased during the quarter
thanks to strong demand and increased operational excellence. Sony
Ericsson has increased its estimates for the global market for 2004
from approximately 520 million units to over 550 million units.
Transactions with Sony Ericsson Mobile Communications
SEK m. First quarter 2004 First quarter 2003
Sales to Sony Ericsson 504 576
Royalty from Sony Ericsson 140 56
Purchases from Sony Ericsson 334 265
Shareholder contribution - 1,384
Receivables from Sony 45 541
Ericsson
Liabilities to Sony Ericsson 124 115
Parent Company information
Net sales for the first quarter amounted to SEK 0.5 (0.5) b. and
income after financial items was SEK 0.9 (1.2) b. Restructuring
costs are excluded in income after financial items for 2003.
Major changes in the company's financial position for the first
quarter include decreased current and long-term commercial and
financial receivables from subsidiaries of SEK 5.3 b. Short- and
long-term internal borrowings decreased by SEK 6.5 b. At the end of
the quarter, cash and short-term cash investments amounted to SEK
69.4 (68.4) b.
In accordance with the conditions of the Stock Purchase Plans and
Option Plans for Ericsson employees, 2,072,000 shares from treasury
stock were sold or distributed to employees during the first
quarter. The Annual General Meeting decided, as previously
announced, to amend one parameter in the Stock Purchase Plan 2003
(SPP 2003) by removing the SEK 50,000 annual restriction on
individual investments in shares under SPP 2003, while retaining
7.5% of annual salary as the maximum for investments in shares. The
holding of treasury stock at March 31, 2004 was 304,067,953 Class B
shares.
OTHER INFORMATION
The Annual General Meeting decided, as previously announced, in
accordance with the proposal from the Board of Directors that no
dividend will be paid for 2003. The Annual General Meeting also
decided to implement a long-term incentive plan 2004 directed at
4,700 senior managers and key contributors.
For more information regarding the long-term incentive plan 2004
and changed accounting principles regarding pensions see Accounting
policies and reporting.
Stockholm, April 23, 2004
Carl-Henric Svanberg
President and CEO
Date for next report: July 21, 2004
Auditors' Report
We have reviewed the report for the three-month period ended March
31, 2004, for Telefonaktiebolaget LM Ericsson (publ.). We conducted
our review in accordance with the recommendation issued by FAR. A
review is limited primarily to enquiries of company personnel and
analytical procedures applied to financial data and thus provides
less assurance than an audit. We have not performed an audit and,
accordingly, we do not express an audit opinion.
Based on our review, nothing has come to our attention that causes
us to believe that the interim report does not comply with the
requirements for interim reports in the Annual Accounts Act.
Stockholm, April 23, 2004
Bo Hjalmarsson Peter Clemedtson Thomas Thiel
Authorized Public Accountant Authorized Public Authorized
Accountant Public
Accountant
PricewaterhouseCoopers AB PricewaterhouseCoopers AB
Safe Harbor Statement of Ericsson under the Private Securities
Litigation Reform Act of 1995;
All statements made or incorporated by reference in this release,
other than statements or characterizations of historical facts, are
forward-looking statements. These forward-looking statements are
based on our current expectations, estimates and projections about
our industry, management's beliefs and certain assumptions made by
us. Forward-looking statements can often be identified by words
such as "anticipates", "expects", "intends", "plans", "predicts",
"believes", "seeks", "estimates", "may", "will", "should", "would",
"potential", "continue", and variations or negatives of these
words, and include, among others, statements regarding: (i)
strategies, outlook and growth prospects; (ii) positioning to
deliver future plans and to realize potential for future growth;
(iii) liquidity and capital resources and expenditure, and our
credit ratings; (iv) growth in demand for our products and
services; (v) our joint venture activities; (vi) economic outlook
and industry trends; (vii) developments of our markets; (viii) the
impact of regulatory initiatives; (ix) research and development
expenditures; (x) the strength of our competitors; (xi) future cost
savings; and (xii) plans to launch new products and services.
In addition, any statements that refer to expectations, projections
or other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking
statements. These forward-looking statements speak only as of the
date hereof and are based upon the information available to us at
this time. Such information is subject to change, and we will not
necessarily inform you of such changes. These statements are not
guarantees of future performance and are subject to risks,
uncertainties and assumptions that are difficult to predict.
Therefore, our actual results could differ materially and adversely
from those expressed in any forward-looking statements as a result
of various factors. Important factors that may cause such a
difference for Ericsson include, but are not limited to: (i)
material adverse changes in the markets in which we operate or in
global economic conditions; (ii) increased product and price
competition; (iii) further reductions in capital expenditure by
network operators; (iv) the cost of technological innovation and
increased expenditure to improve quality of service; (v)
significant changes in market share for our principal products and
services; (vi) foreign exchange rate fluctuations; and (vii) the
successful implementation of our business and operational
initiatives.
A glossary of all technical terms is available at:
http://www.ericsson.com/about and in the Annual Report.
To read the full report, please go to:
http://www.ericsson.com/investors/3month04-en.pdf
FOR FURTHER INFORMATION PLEASE CONTACT
Henry Sténson, Senior Vice President, Communications
Phone: +46 8 719 4044
E-mail: investor.relations@ericsson.com or
press.relations@ericsson.com
Investors
Gary Pinkham, Vice President, Investor Relations
Phone: +46 8 719 0000; E-mail: investor.relations@ericsson.com
Lotta Lundin, Investor Relations
Phone: +46 8 719 6553; E-mail: investor.relations@ericsson.com
Glenn Sapadin, Investor Relations
Phone: +1 212 843 8435; E-mail: investor.relations@ericsson.com
Media
Pia Gideon, Vice President, Market and External Communications
Phone: +46 8 719 2864, +46 70 519 8903; E-mail:
press.relations@ericsson.com
Åse Lindskog, Director, Head of Media Relations
Phone: +46 8 719 9725, +46 730 244 872; E-mail:
press.relations@ericsson.com
Ola Rembe, Director, Media Relations
Phone: +46 8 719 9727, +46 730 244 873; E-mail:
press.relations@ericsson.com
Telefonaktiebolaget LM Ericsson (publ)
Org. number: 556016-0680
Torshamnsgatan 23
SE-164 83 Stockholm
Phone: +46 8 719 00 00
www.ericsson.com
FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION
Financial Statements Page
Consolidated income statement 8
Consolidated balance sheet 9
Consolidated statement of cash flows 10
Changes in stockholders' equity 11
Consolidated income statement isolated quarters 12
Additional Information Page
Accounting policies and reporting 13
Orders booked by segment by quarter 14
Net sales by segment by quarter 15
Operating income, operating margin 16
Number of employees 16
Orders booked by market area by quarter 17
Net sales by market area by quarter 18
External orders booked by market area by segment 19
External net sales by market area by segment 19
Top ten markets in orders and sales 20
Customer financing risk exposure 20
Trend of net sales and operating expenses isolated quarters 20
Other information 21
mfg ath
Ericsson steigert Gewinn im ersten Quartal - Optimismus für 2004
STOCKHOLM (dpa-AFX) - Der schwedische Telekomausrüster LM Ericsson hat im ersten Quartal einen deutlichen Gewinnschub verbucht. Der Überschuss sei auf 3,0 Milliarden Schwedische Kronen (rund 330 Millionen Euro) gesprungen nach einem Verlust von 4,3 Milliarden Kronen im Vorjahr, teilte das Unternehmen am Freitag in Stockholm mit. Für das Gesamtjahr zeigte sich der Konzern optimistischer als vor wenigen Monaten.
Der Umsatz erhöht sich um 9 Prozent auf 28,1 Milliarden Kronen. Der Gewinn nach Finanzergebnis wuchs auf 4,3 Milliarden Kronen nach einem Verlust von 2,8 Milliarden Kronen. Von SME Direkt befragte Analysten hatten im Durchschnitt mit einem Gewinn nach Finanzergebnis von 3,19 Milliarden Kronen und einem Umsatz von 27,30 Milliarden Kronen gerechnet.
Über den weiteren Jahresverlauf äußerte sich Ericsson zuversichtlich. Der weltweite Netzwerkmarkt werde 2004 auf Dollar-Basis leicht bis moderat ansteigen. Zuvor war der Konzern von einer stabilen bis leicht rückläufigen Entwicklung ausgegangen. Die angehobene Erwartung spiegele die steigende Nachfrage unter anderem wegen dem Aufbau der UMTS-Netze wider.
Weiter verbessert hat sich Bruttomarge. Gegenüber dem Vorjahr kletterte sich diese von 34,1 Prozent auf 44,7 Prozent. Im vierten Quartal lag die Bruttomarge bei 41,6 Prozent./mur/zb
Meldung vom 23.04.2004 07:51 Uhr
mfg ath
Stockholm (AFP) - Nach drei schwierigen Jahren hat sich der schwedische Telefonausrüster Ericsson zu Jahresbeginn besser geschlagen als erwartet. Der Nettogewinn im ersten Quartal lag bei 2,99 Milliarden Kronen (328 Millionen Euro), wie das Unternehmen mitteilte. Im Vorjahreszeitraum hatte Ericsson noch einen Verlust von 4,3 Milliarden Kronen geschrieben. Der Umsatz stieg um neun Prozent auf 28,1 Milliarden Kronen.
Für 2004 zeigte sich Ericsson nun optimistischer als bisher. Die Wende sei mit den Zahlen für das erste Quartal geschafft, erklärte Konzernchef Carl-Henric Svanberg. Ericsson sei heute finanziell eines der stärksten Unternehmen der Branche und habe seinen Marktanteil seit dem vergangenen Sommer deutlich gesteigert.
Das schwedische Unternehmen geht für 2004 nun von einem "leichten bis moderaten Wachstum" des Marktes für Telekommunikationsausrüstung gegenüber dem Vorjahr aus. Hintergrund sei ein wachsender Telefonverkehr, der damit verbundene Ausbau der Netze sowie die Einführung des neuen UMTS-Mobilfunkes. Dabei holten Telefonbetreiber nach den Sparrunden der vergangenen Jahre nun auch Investitionen nach.
PS. sell on good news dürfte es bis zur US eröffnung heissen
Und ab montag wird wieder von den ANAlysten aufgestuft....
mfg ath
wer glaubt noch an einen schnellen rebound oder
an einen stärkenen rückschlag, was meiner meinung nach
quatsch ist. Indikatoren stehen auf sommer USA+EU
schauen wir es uns mal an
MFG
Harry
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