The Information Technology 100
The world's largest mobile-networks company had its first shining year since the century began. The arrival of new CEO Carl-Henric Svanberg in April, 2003 helped the Swedish giant pull up its financial socks. After years of paring back -— including cutting half its staff -— in 2004 Ericsson focused on selling third-generation W-CDMA mobile networks across Europe and parts of Asia Pacific and back-filling second-generation GPRS and EDGE networks in emerging markets.
Last year, net income hit $2.55 billion, compared with a loss of $1.45 billion in 2003, on a sales increase of 12% to $17.7 billion. The operating margin was 21%. The improved performance came with no help from North America, where consolidation has slashed capital spending.
|Return on Equity||22.8%|
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All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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LM Ericsson Telephone Co. develops and supplies telecommunications equipment and related services to mobile and fixed network operators worldwide. The company also offers a range of professional services to support network operators, as well as consulting services to network operators for business planning and development, design, and optimization of networks and the introduction of new services. LM Ericsson, through a joint venture, with Sony Ericsson Mobile Communications, provides various mobile handsets. In addition, the company provides technology to manufacturers of mobile handsets and other wireless devices; Bluetooth solutions to various consumer device manufacturers; and mobile communications systems and services. Additionally, it offers airborne, terrestrial, and marine radar systems, as well as various solutions that integrate copper and optical cables, and power networks. LM Ericsson Telephone Co. was incorporated in 1918 and is headquartered in Stockholm, Sweden.
No. of Employees
Carl-Henric Svanberg has been the President and Chief Executive Officer of Ericsson SpA since April 8, 2003. Mr. Svanberg joined Ericsson on April 8, 2003. Mr. Svanberg served as President and Chief Executive Officer of the Assa Abloy Group since 1994. He has been Director of LM Ericsson Telephone Co. since 2003, Hexagon AB since1999, Assa Abloy AB since 1994. He holds a Master of Science Degree from Linköping Institute of Technology, Sweden, and a Bachelor of Science Degree in Business Administration from Uppsala University, Sweden.