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.
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