artificial intelligence<\/a> demand and a sales slowdown in North America.<\/p>\nThe network equipment maker is \u200bfacing rising input costs partially due to high demand for AI technology that is driving up prices of semiconductors, CEO B\u00f6rje Ekholm said in a statement.<\/p>\n
“We are working together with our suppliers to mitigate this. But \u200calso, we will need \u2060to work with our customers to share the burden on this,” finance chief Lars Sandstr\u00f6m added in an \u2060interview with Reuters.<\/p>\n
The company reported an adjusted operating profit of 5.2 billion Swedish crowns ($566 million), excluding restructuring charges, for the first quarter of \u200b2026. Analysts \u200bpolled by Infront were expecting 5.4 \u200bbillion crowns on average.<\/p>\n
Ericsson, one \u200cof the main Western suppliers of network equipment alongside Finland’s Nokia, is betting heavily on the U.S. market even as transatlantic ties have become strained under President Donald Trump’s rule.<\/p>\n
The Swedish group has significant exposure to the United States, especially after winning a $14 billion deal \u200cwith operator AT&T in 2023, which could \u200bhelp outweigh slower telecoms investments in \u200bother markets.<\/p>\n
Sandstr\u00f6m said sales in \u200bNorth America fell by a mid-single-digit percentage in \u200cthe quarter, compared to a strong \u200byear-ago period that \u200bwas boosted by tariff-related demand. Underlying market conditions in the region remain solid, he added.<\/p>\n
The group reported quarterly net sales of \u200b49.3 billion crowns, compared \u200cwith an Infront poll estimate of 50.7 billion crowns.<\/p>\n
($1 = 9.1869 \u200bSwedish crowns)<\/p>\n
(Reporting by Gianluca Lo Nostro and Agnieszka Olenska \u200bin Gdansk; Editing by Milla Nissi-Prussak)<\/p>\n","protected":false},"excerpt":{"rendered":"By Gianluca Lo Nostro and Agnieszka Olenska April 17 (Reuters) – Sweden’s Ericsson reported a first-quarter core profit…\n","protected":false},"author":2,"featured_media":403042,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,43641,61,177619,60,158166,7891,177620,80],"class_list":{"0":"post-403041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-ericsson","12":"tag-ie","13":"tag-input-costs","14":"tag-ireland","15":"tag-market-expectations","16":"tag-north-america","17":"tag-swedish-crowns","18":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/403041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=403041"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/403041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/403042"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=403041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=403041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=403041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}