ADVFN - Advanced Financial Network.
HOME» NASDAQ » L » ERIC Stock Price » ERIC Stock News

Lm Ericsson Telephone Company Ads Share News

 Lm Ericsson Telephone Company Ads (mm) Stock Price
ERIC Stock Price
 Lm Ericsson Telephone Company Ads (mm) Stock Chart
ERIC Stock Chart
 Lm Ericsson Telephone Company Ads (mm) Stock News
ERIC Stock News
 Lm Ericsson Telephone Company Ads (mm) Company Information
ERIC Company Information
 Lm Ericsson Telephone Company Ads (mm) Stock Trades
ERIC Stock Trades

Investor Swings to Loss; Sees Higher Costs end of 2012

STOCKHOLM--Swedish investment company Investor AB (INVE-B.SK) Tuesday booked a 2% fall in net asset value per share at the end of second quarter compared with year end 2011 and said it expects somewhat higher costs at the end of the year then previously estimated. MAIN FACTS: -"During the quarter we have seen soft economic data around the globe and, as normally following a financial crisis, we should expect sub-par economic growth for an extended period [...] The increased integration of the global economy results in a synchronized slowdown," Chief Executive and President Borje Ekholm said. -Net asset value per share fell to SEK204 ($29.0) during the second quarter ending June 30, from SEK220 at the end of the first quarter. -The company reported a net loss of SEK6.97 billion in the second quarter compared with a net profit of SEK9.73 billion in the same quarter last year. -The company reported value increases since year-end in Swedish listed companies such as SEB AB (SEB-A.SK), Atlas Copco AB (ATCO-A.SK) and Electrolux AB (ELUX-B.SK), which offset value declines in companies such as Saab AB (SAAB-B.SK) and Ericsson (ERIC). -The company expects to receive dividends of SEK4.9 billion from listed companies in 2012, higher than previous estimates of SEK4.7 billion. -Following additional investments in the quarter, the company now owns 8.7% of Wartsila. -It is pooling its shares with the lead owner Fiskars Oyj (FIS1V.HE) in a joint company, and together they own 21.7% of Wartsila. -It increased its ownership in unlisted Molnlycke Health Care to 98% from 96%. -The investments increased leverage to 13.4% from 10.2% as of June 30. -The company has cut its staff by a third and in the fourth quarter expects to reach a sustainable annualized cost level of SEK360 million to SEK380 million, which is slightly higher than the target of close to SEK350 million at the end of 2012. -Shares closed at SEK135.40 on Monday. -Write to Jens Hansegard at jens.hansegard@dowjones.com Order free Annual Report for AstraZeneca Plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0009895292 or call +44 (0)208 391 6028 Order free Annual Report for Atlas Copco AB Visit http://djnweurope.ar.wilink.com/?ticker=SE0000101032 or call +44 (0)208 391 6028 Order free Annual Report for LM Ericsson Telefon AB Visit http://djnweurope.ar.wilink.com/?ticker=SE0000108656 or call +44 (0)208 391 6028 Order free Annual Report for Saab AB Visit http://djnweurope.ar.wilink.com/?ticker=SE0000112385 or call +44 (0)208 391 6028 Order free Annual Report for Atlas Copco AB Visit http://djnweurope.ar.wilink.com/?ticker=US0492557063 or call +44 (0)208 391 6028

Stock News for Lm Ericsson Telephone Company Ads (ERIC)
DateTimeHeadline
12/08/201607:00:00Invitation aux médias - Centre mondial des TIC d'Ericsson...
12/08/201607:00:00Invitation to the media - Ericsson Global ICT Centre - Inauguration
12/08/201603:42:00Ericsson Restructuring Costs Seen Higher, No Further Swedish...
12/08/201602:30:27Update on cost and efficiency program
12/06/201603:00:10Ericsson's 10 hot consumer trends for 2017: AI and virtual reality
11/30/201604:00:36Ericsson launches new solution for operators to cut network build...
11/23/201605:00:28Ericsson launches verified NFV infrastructure solution
11/17/201604:53:58Panasonic Avionics selects Ericsson for 5G-ready core across...
11/16/201613:29:00Ericsson CEO: See 2017 Mobile Telecom-Equipment Market Shrinking...
11/15/201609:00:12SK Telecom and Ericsson conduct first multi-vehicular 5G trials...
11/15/201608:00:07Ericsson chosen by European Commission for key utilities projects
11/15/201604:30:00Nokia Warns Network Sales to Fall
11/15/201603:30:185G subscriptions to reach half a billion in 2022: Ericsson Mobility...
11/10/201608:00:11Ericsson Investor Update 2016
11/03/201604:01:02Mobile video viewing up over 200 hours a year since 2012
11/03/201603:30:51Turkcell selects Ericsson as long term managed services partner
10/27/201610:00:21Invitation to Ericsson Investor Update 2016 - November 10, 2016...
10/26/201610:31:00Ericsson Names New CEO Amid Dwindling Demand -- 4th Update
10/26/201606:11:00Ericsson Names New CEO Amid Dwindling Demand -- 3rd Update
10/26/201604:50:00Ericsson Names New CEO to Steer Turnaround

Lm Ericsson Telephone Company Ads and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US