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Ericsson LM Telephone (ERIC) FY2024 earnings results (fiscal 2024)
20-F filed Mar 11, 2025
Ericsson LM Telephone (ERIC) reported revenue of $247.9B for the fiscal 2024 (FY2024), -6% from a year earlier. Operating margin was 1.7%, net earnings $20.0M (0.0% of revenue).
Ericsson LM Telephone, FY2024: revenue $247.9B (-6% year over year), operating margin 1.7%, net earnings $20.0M, operating cash flow $46.3B. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $247.9B | — | -6% |
| Gross profit | $109.4B | — | +8% |
| Operating profit | $4.3B | — | — |
| Net earnings | $20.0M | — | — |
| Operating cash flow | $46.3B | — | +545% |
| Free cash flow | $43.9B | — | 11× |
What changed
Revenue was SEK 247.9B in FY2024, down 6% year over year.
Gross margin was 44.1%, up 5.5 points from FY2023. Operating profit was SEK 4.3B, a 1.7% margin (up 9.5 points year over year). Operating expenses fell 14% while revenue fell 6%. The fastest-growing cost line was SG&A (+32%). Net earnings were SEK 0.02B. The effective tax rate was 85.6%.
Operating cash flow was SEK 46.3B (up 545% year over year), 12369% of net income including minority interests. Non-cash charges added back SEK 10.0B of depreciation and amortization. Working capital and other items added SEK 35.9B. Capital expenditures of SEK 2.3B left free cash flow of SEK 43.9B.
Questions
What was Ericsson LM Telephone's revenue in the fiscal 2024?
Ericsson LM Telephone (ERIC) reported revenue of $247.9B for the fiscal 2024 (FY2024), -6% from a year earlier.
Was Ericsson LM Telephone profitable in the fiscal 2024?
Operating profit was $4.3B (1.7% of revenue) and net earnings $20.0M.