CEO: So far has not seen any material impact on business
Looking ahead, Ekholm concludes that the 5G market is growing faster than most analysts have expected and that Ericsson is well positioned to capture this growth. Ekholm also discusses how the focused strategy with increased investments in R&D has yielded results. For the first time since 2013, Ericsson is showing organic growth and improved gross margin and operating margin compared to 2018. Ekholm says: Ericssons financial position is strong, and we have a robust balance sheet with net cash of SEK 34 billion at the end of last year. This allows us to continue to invest, execute on our strategy and also provides resilience. 5G development Börje Ekholm also talks about the technology shift that 5G will enable. The new generation of mobile networks will not only give rise to new areas of use for consumers, it will transform entire industries. Ekholm says: We will see production automation, optimized logistics, new solutions in healthcare and much more. And these are only the areas we can already visualize today; most areas of use are still unknown to us. - Source TradeTheNews.com