Telefonaktiebolaget Lm Ericsson Class A — Ericsson — Q3 2002 Earnings Presentation

6 slides from Telefonaktiebolaget Lm Ericsson Class A's earnings presentation, Oct 18, 2002

Slide 1: Third Quarter Report
Third Quarter Report October 18 | 2002
Slide 2: Third Quarter Report
Third Quarter Report October 18 | 2002 Kurt Hellström President and CEO
Slide 3: Q3 summary
Q3 summary • Operating expense run rate down to SEK 52 b. • Strong business lead in GSM/WCDMA • Financial position strengthened Maintain target of return to profit at some point in 2003 Third Quarter Report | October 18 | 2002
Slide 4: Market view and business performance
Market view and business performance • Mobile Systems sales may decrease more than market decline due to our exposure to TDMA and PDC • GSM/WCDMA outperforming market with sales up 2% sequentially • 3G rolling out despite market unease Third Quarter Report | October 18 | 2002 This outlook contains f
Slide 5: Strong cost control
Strong cost control • Significant reduction of SEK 5 b. brings operating expense run rate to SEK 52 b. • Workforce reduced by 4,500 employees • Targeting SEK 38 b. operating expense run rate and 2 – 4 percentage point improvement in gross margin Third Quarter Report | October 18 | 2002
Slide 6: Outlook
Outlook • Market decline in 2003 less than this year, and expected to stabilize at lower level • Maintain target of returning to profit at some point in 2003 Third Quarter Report | October 18 | 2002 This outlook contains forward-looking statements. Actual result may be materially different