Ericsson's sales Q1 wrong direction

Dutch stocks following Ericsson's leading telecommunications company of Sweden on Thursday targeted a larger effective after sales net, which is slowing making profits fell less than expected in Q1.

Net income rose 45 percent compared with the same period last year to SEK 2.1 billion Noah (260 million USD).

However, net sales fell 2 percent compared with the same period last year to 52.2 billion kronor Noah below market expectations for a 54.4 billion.

Operating profit also contrary to expectations, was 3.5 billion kronor Noah Despite the increase from 2 SEK 13 billion in Hanoi last year.

Ericsson has said that while sales also rose in North America and mainland China 4G quick sales fell overall after a weak development in Europe and macro-economic environment weakened in some emerging markets.

Ericsson added that it would target structural change by increasing the cost of SEK 9 billion global Noah to optimize existing and growing.

Ericsson's operating profit for Q2 amounted to 6.7 percent compared with 4.0 last year, driven by increased mobile network.

Ericsson, maker of the world's leading mobile device, which excludes telecommunications, said will continue to find savings more effectively in Q1.

The company said: 'We have faith in our ability to SEK 9 billion from Noah annual savings during 2017 compared with 2014.

Ericsson has concluded that structural changes and greater efficiency will create more accurate purpose increasing the competitiveness of 3 5G networks and services running in the cloud.