Ericsson (ERIC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to the presentation of Ericsson's fourth quarter 2025 results. With me here in the studio today are Barry Ekholm, our President and CEO, and Lars Sandstrom, our Chief Financial Officer. As usual, we'll have a short presentation followed by Q&A, and in order to ask a question, you need to join the conference by phone. Details can be found in today's earning 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 our annual report. I'll now hand the call over to Birger and to Lars for their introductory comments. Thanks Daniel. So good morning everyone and thanks for joining us today. It was a strong end of the year as we executed with discipline and made solid progress against our strategic priorities. We are building a more resilient Ericsson. We expanded EBITDA margins year on year for the ninth consecutive quarter. And we're getting closer to our long-term target of 15-18% EBITDA margin. And we ended the year with a net cash position of over 61 billion kronor. Our cost initiatives are just one component of our actions to structurally improve margins and cash flow. And you have seen that we have reduced the headcount, for example, by 5,000 over the past year. And we expect to continue reducing headcount going forward. And last week we announced some initiatives we're taking in ...