Ericsson (ERIC) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to the presentation of Ericsson's third quarter 2025 results. Joining us by video today is Birri Ekholm, our President and CEO, and in the studio I'm joined by Lars Sandström, our Chief Financial Officer. As usual, we'll have a short presentation followed by Q&A, and in order to ask a question, you'll need to join the conference by phone. Details can be found in today's earnings release and on the Investor Relations website. Please be advised that today's call is being recorded and that today's presentation may include forward-looking statements. These statements are based on our current expectations and certain planning assumptions, which are subject to risk and uncertainties. Actual results may differ materially due to factors mentioned in today's press release and discussed in the conference call. We encourage you to read about these risks and uncertainties in our earnings report as well as in the annual report. I'll now hand the call over to Birger and Lars for their introductory comments. Thanks, Daniel. And good morning, everyone. And a big thank you for joining us today. So we delivered a strong Q3 with continued expansion in our EBITDA margin, despite the FX headwinds. I would say that reflects our execution against both operational and strategic priorities over the last couple of years. We're optimistic about the growing demand for advanced mobile connectivity as AI is starting to be rolled out. By structurally improving our cost base, we have positioned Ericsson to deliver resilient margins also in the current market backdrop, which will give further benefits from improving operating leverage when growth comes back and actually comes in reality. Beyond operational improvements, of course, we focus on technology innovation, and tha...