Ericsson

First quarter report 2003

Pressmeddelande   •  Apr 29, 2003 00:00 CEST

For the German market: Notification pursuant to Section 15 WpHG

Ericsson takes additional actions to increase competitiveness in an increasingly challenging market

First quarter summary

Net sales down 30% to SEK 25.9 b. - GSM/WCDMA track down 12%

Net income SEK -4.3 b.

Earnings per share SEK -0.27

Cash flow before financing SEK 0.7 b. - maintaining good liquidity

WCDMA 12% of mobile networks sales - five Ericsson networks launched

Restructuring program well on plan - additional opportunities identified and in progress