Ericsson’s core earnings rise in Q1 as Trump’s tariffs loom large

FILE PHOTO: A logo of Ericsson is seen outside the company
| Photo Credit:
LARS HAGBERG

Ericsson reported better than expected first-quarter core earnings on Tuesday, helped by a higher gross income, as the telecoms equipment maker braces for the impact of tariffs from the United States, its biggest market.

Adjusted core earnings excluding restructuring charges rose 44 per cent year-on-year to 6.2 billion Swedish crowns ($636 million), exceeding the average estimate of 4.44 billion crowns in an LSEG poll of analysts.

($1 = 9.7479 Swedish crowns)

Published on April 15, 2025