Stockholm, July 15, 2025 (AFP) - Currency headwinds wipe out Ericsson's sales gain

NAMPA / AFP

2025-07-15

Swedish telecommunications equipment manufacturer Ericsson said Tuesday it swung into profit in the second quarter but the strong krona wiped out sales gains. The company, a pioneer in building the equipment that run mobile phone networks along with Finnish rival Nokia, said it earned a net profit of 4.6 billion krona ($479 million) in the second quarter compared to a $1.0 billion loss in the same period last year due to writing down the value of......

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