Telefonaktiebolaget L M Ericsson (NAS:ERIC)

$ 5.66 0.3 (5.6%) Market Cap: 18.86 Bil Enterprise Value: 19.11 Bil PE Ratio: 0 PB Ratio: 1.89 GF Score: 79/100

Telefonaktiebolaget LM Ericsson Update from Market Areas Call - Second Session Transcript

Oct 30, 2020 / 12:00PM GMT

Release Date Price: $11.21 (-1.06%)

Transcript

Carl Mellander;publ;Senior VP

Telefonaktiebolaget LM Ericsson;CFO and Head of Group Function Finance & Common Functions

()- -

Hello, and welcome, everybody, to this fireside chat from the -- live from the Ericsson studio here in Kista in Sweden. This is the second round of fireside chats with market area heads that we do leading up to the Capital Markets Day later on the 10th of November.

So today, we have 3 of our great market area heads present here on the chat. We have Chris Houghton, who heads up Northeast Asia. We have Nunzio Mirtillo, who heads up Southeast Asia, Oceania and India. And we have Fadi Pharaon, who heads up the market area Middle East and Africa.

So just a few words about these regions or market areas then if we start with Northeast Asia. This is a high growth region. We saw 20% year-over-year growth in the second quarter and even 49% of growth in the third quarter here driven primarily by Mainland China, but also Japan and Taiwan, for example. And this area represents about 15% of group sales with SEK 8.8 billion of sales

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