ReutersNov 10, 2020 04:15:09 IST
STOCKHOLM (Reuters) – Sweden’s Ericsson
“Growth as well as gross margin improvements, driven by software sales and operational leverage, will be the cornerstones in reaching the long-term targets,” the telecoms gear maker said in a statement https://www.ericsson.com/en/press-releases/2020/11/ericsson-capital-markets-day-2020.
The company, which maintained its 2022 operating margin of 12-14%, excluding charges, boosted its margin forecast from its networks business as telecom operators across the world upgrade to next-generation 5G technology.
The 2022 operating margin target for Networks was raised to 16-18% from 15-17%. On the flip side, it reduced its margin target for its digital services business to 4-7% from 10-12% in 2022.
(Reporting by Supantha Mukherjee; additional reporting by Helena Soderpalm; editing by Niklas Pollard)
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