Swedish telecom firm Ericsson (ERIC) President and CEO Hans Vestberg presented an overview of the company's 2012 financial performance, key business developments at the Annual General Meeting of Shareholders in Stockholm, Sweden.
At the Meeting, Vestberg said that the company showed continued stable performance in 2012.
Vestberg noted that the company's sales in 2012 were basically flat compared to 2011. The company reported sales of 227.8 million swedish kronor for the year, which is more than 600 million per day. The company saw variation in growth for the different segments, but overall it was not satisfied with profitability.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.