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Income Statement (SEK)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 61.8B | 3.3% |
| Gross Profit | 28.2B | 7.2% |
| Cost of Revenue | 33.6B | 0.1% |
| Operating expense | 22.5B | 11.6% |
| Net Income | 3.81B | 134.3% |
| EBITDA | 8.56B | 57.7% |
Balance Sheet (SEK)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 272B | 2.2% |
| Total Liabilities | 187B | 4.6% |
| Total Equity | 86.6B | 3.3% |
| Shares Outstanding | 3.34B | 0.2% |
Cash Flow (SEK)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 14.4B | 55.2% |
| Cash from financing | -4.23B | 25.8% |
Financial Highlights for Ericsson in Q3 '24
Ericsson reported a revenue of 61.8B, which is a 3.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 28.2B, marking a 7.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 33.6B, a 0.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 22.5B, showing a -11.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 3.81B, showing a 134.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 8.56B, showing a -57.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Ericsson with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
