Aufpassen auf ERICY!!
Vom steigenden USD.
Von den aufstufungen.(nachdem sich die profis vorher eingedeckt haben)
Von den neuen handymodellen.(die zwar nur 10% des umsatzes ausmachen, aber fürs prestige wichtig sind)
Vom UMTS.
usw.....
Und natürlich auch von der positiven meldungen der konkurrenz.
PS. NOKIA gehört sowieso in jedes depot, wenn man an die zukunft des handies glaubt.
mfg
ath
DrKW erhöht Kursziel für Ericsson auf 46 (45) SEK
Einstufung: Bestätigt "Buy"
Kursziel: Erhöht auf 46 (45) SEK
Schätzung Gew/Aktie 2006: Erhöht auf 2,13 (2,08) SEK
2007: Erhöht auf 2,68 (2,60) SEK
Dresdner Kleinwort Wasserstein (DrKW) berücksichtigt mit der Einschätzung
zu Ericsson günstigere Wecheselkursverhältnisse, sowie Verzögerungen bei
UMTS in China. Trotz der jüngst guten Entwicklung habe Ericsson weiter
Aufwärtspotenzial. Grund seien geringere Margensorgen, das Vertrauen in das
Wachstum und die riesigen Kapitalreserven, die begönnen Anerkennung zu
finden, so die Analysten
mfg
ath
Ericsson buy
Donnerstag 14. Juli 2005, 09:43 Uhr
Aktienkurse
Telefon AB LM Ericss...
ERICb.ST
26.90
+0.10
Die Analysten von Jefferies & Co stufen die Aktie von Ericsson (ISIN SE0000108656/ WKN 850001) unverändert mit "buy" ein.
Ericsson sollte mit den Q2-Zahlen erneut exzellente Ergebnisse vorlegen. Die Analysten würden deutliches Aufwärtspotenzial gegenüber den EPS-Schätzungen für das zweite Quartal von 0,34 Schwedischen Kronen (SEK) bzw. für das Gesamtjahr von 1,41 SEK sehen.
Die Märkte, in denen Ericsson aktiv sei, würden ein nachhaltigeres ANZEIGE
Potenzial bergen, als es der Markt in der Bewertung der Aktie berücksichtige. Zudem gewinne das Unternehmen weiterhin Marktanteile hinzu. Nach Ansicht der Analysten würde die Gewinndynamik ein Kursziel von 30 SEK sehr erreichbar erscheinen lassen.
Vor diesem Hintergrund bleiben die Analysten von Jefferies & Co bei ihrer Empfehlung die Aktie von Ericsson zu kaufen. Analyse-Datum: 14.07.2005
mfg
ath
PS. nachdem sie sich eingedeckt haben
14.07.2005 - 11:17 Uhr
Nomura bestätigt Ericsson bei "Sell" vor Quartalsdaten
Einstufung: Bestätigt "Sell"
Nomura behält die Einstufung für Ericsson bei vor der Veröffentlichung
der Ergebnisse des zweiten Quartals am 19. Juli. Die Analysten erwarteten
starke Zahlen, besonders nach den Vorab-Daten von Alcatel, die auf eine
gute Entwicklung in den Emerging Markets hindeuten. Der Markt für Mobilfunk-
Infrastruktur habe jedoch sein Spitzenniveau erreicht und die Aktie sehe
überbewertet aus. Der Ausblick dürfte weiter unbestimmt und vage bleiben.
mfg
ath
15 July 2005
The company gained momentum and market share
The global market grew faster than expected
Products announced in Q1 began to ship and were well received
The consolidated financial summary for Sony Ericsson Mobile Communications AB (Sony Ericsson) for the second quarter ended June 30, 2005 is as follows:
Q2 2004 Q1 2005 Q2 2005
Numbers of units shipped (million) 10,4 9,4 11,88
Sales (EURO m.) 1504 1289 1614
Income before before taxes (EURO m.) 113 70 87
Net income (EURO m.) 89 32 75
Units shipped in the quarter reached 11.8 million, a 14% increase compared to the same period last year and a 26% increase sequentially. Sales for the quarter were Euro 1,614 million, representing a year-on-year increase of 7%. Income before taxes was Euro 87 million and net income was Euro 75 million, which represents a year-on-year decrease of Euro 26 million and Euro 14 million respectively, reflecting continued investment in R&D.
Sony Ericsson gained momentum and market share during the quarter as new products started shipping. The higher unit shipments reflected the broadening of the product portfolio to appeal to a wider range of price segments in the market. Average Selling Price (ASP) remained stable in line with expectation. The global handset market grew faster than expected during the quarter, primarily because of increased demand in the lower price segments in both mature and emerging markets. Sony Ericsson has upgraded its global market outlook for 2005 to over 720 million units.
“Sony Ericsson is pleased to report a solid second quarter which saw the company gaining momentum as new products began to ship, and the increased investment in product portfolio expansion over the past year started to bear fruit. New phones announced in Q1, such as the 2 megapixel, auto-focus K750 camera phone, the K600 mid-tier UMTS 3G phone, and the K300, an affordable camera phone, were well received by consumers and started to make a good contribution during the quarter. We are also excited to be the first to bring a complete music proposition to market with the new Walkman® phone, that will start shipping shortly”, said Miles Flint, President of Sony Ericsson.
During the second quarter, Sony Ericsson announced a number of new phones including its second Walkman phone (W600), a mid-tier stylish compact clam-shell (Z520) and an affordably priced stick phone aimed at Asia and Eastern Europe (J210). In Japan, the W31S, a CDMA 1X EV-DO music phone for KDDI, started shipping and has been selling very well.
Walkman® is the registered trademark of the Sony Corporation
Sony Ericsson Mobile Communications serves the global communications market with innovative and feature-rich mobile phones, accessories, PC-cards and M2M solutions. Established as a joint venture by Ericsson and Sony in 2001, with headquarters in London, the company employs approximately 5,000 people worldwide, including R&D sites in Europe, Japan, China and America. For more information, please visit www.SonyEricsson.com
CONTACTS:
Investors/Analysts
Ericsson Investor Relations
Gary Pinkham (Stockholm) +46 8 719 0000
Sony Investor Relations
Takao Yuhara (Tokyo) +81 3 5448 2180
Chris Hohman (London) +44 20 7444 9711
Press/Media
Ericsson External Relations
Pia Gideon (Stockholm) +46 8 719 2864
Sony Corporate Communications
Koji Kurata (Tokyo) +81 3 5448 2200
Sony Ericsson Corporate Communications
Aldo Liguori (London) +44 208 762 5860
Merran Wrigley (London) +44 208 762 5862
This press release contains forward-looking statements that involve inherent risks and uncertainties. We have identified certain important factors that may cause actual results to differ materially from those contained in such forward-looking statements. For a detailed description of risk factors see Sony's and Ericsson's filings with the US Securities and Exchange Commission, particularly each company's latest published Annual Report on Form 20-F.
Back
--------------------------------------------------
Date: Thursday, July 21 2005
* Net sales SEK 38.4 (32.6) b. in the quarter, SEK 69.9 (60.7) b.
first six months
* Net income SEK 5.8 (5.0) b. in the quarter, SEK 10.5 (7.6) b. first
six months 1)
* Earnings per share SEK 0.37 (0.31) in the quarter, SEK 0.66 (0.48)
first six months 1)
CEO COMMENTS
"We report yet another quarter of robust performance," says
Carl-Henric Svanberg, President and CEO of Ericsson. "Our
employees' impressive drive for operational excellence and
responsiveness to customer needs continues to yield positive
results. Technology leadership, long customer relationships and
deep consumer understanding are key factors behind our leading
position.
The activity level in emerging markets is accelerating, which means
more people have access to communication services. In parallel,
operators seek new ways of working to meet the global trends of
increased tariff competition and convergence of technologies and
services. We continue to focus on supporting our customers in
reducing the total cost of network ownership and developing new
business models. Our competitive technology and services offering
is a distinct advantage in this environment.
The services area develops strongly and operators show growing
interest in our offering, particularly in outsourcing of network
operations, and the synergies we are able to leverage throughout
the value chain. Hosting and content services are also in high
demand as operators continue to develop their business to meet
consumer needs," concludes Carl-Henric Svanberg.
FINANCIAL HIGHLIGHTS
2004 numbers restated in accordance with IFRS, please see
www.ericsson.com/investors/doc/ifrs_statement.pdf. IAS 39
implemented as of January 1, 2005, related to financial
instruments.
Income and cash flow
Second quarter First quarter Six-month period
SEK b. 2005 2004 Change 2005 Change 2005 2004 Change
Net sales 38.4 32.6 18% 31.5 22% 69.9 60.7 15%
Gross 45.9% 47.8% - 48.5% - 47.1% 46.4% -
margin
Operating 8.3 7.3 14.5% 6.6 26% 14.9 11.2 33%
income
Operating 21.6% 22.2% - 21.0% - 21.3% 18.4% -
margin
Income after 8.5 7.3 - 6.7 - 15.2 11.1 -
financial items
Net income 1) 5.8 5.0 - 4.6 - 10.5 7.6 -
Earnings per 0.37 0.31 - 0.29 - 0.66 0.48 -
share 1)
Cash flow
before
financial 5.4 4.3 - -6.5 - -1.1 7.2 -
investing
activities
Cash flow
before
financial
investing 5.4 4.3 - 1.8 - 7.2 7.2 -
activities
excl.
pension trust
funding
1) Attributable to stockholders of the parent company,
excluding minority interest.
Sales were up 18% year-over-year and showed a sequential increase
of 22%. The ongoing network rollout in the North American market is
well under way and invoicing included equipment worth close to two
billion Swedish crowns originally planned for the third quarter.
Currency exchange effects negatively affected sales in the quarter
by 2%, compared to currency exchange rates one year ago. In
constant currencies, sales for the quarter grew by 20%. For the
six-month period, currency exchange effects impacted sales
negatively by 3%.
Gross margin was 45.9% in the quarter. The software content was
somewhat lower in the quarter, and the services proportion grew
compared to the previous quarter. The operating margin was 21.6%, a
slight increase compared to the previous quarter.
Net effects of currency exchange differences on operating income
compared to the rates one year ago were SEK -1.2 b. in the quarter.
Financial net amounted to SEK 0.2 b. for the quarter.
Cash flow before financial investing activities was SEK 5.4 b. in
the second quarter. As previously reported, cash flow in the first
quarter of 2005 was negatively affected by SEK 8.3 b. by the
transfer of cash and cash equivalents into a Swedish pension trust.
Balance sheet and other performance indicators
Six months Three months Full year
SEK b. 2005 2005 2004
Net cash 42.4 43.1 42.9
Interest-bearing provisions and
liabilities 29.8 28.4 33.6
Days sales outstanding 90 97 75
Inventory turnover 4.4 4.0 5.7
Net customer financing 4.4 4.2 3.6
Equity ratio 46.5% 46.5% 43.8%
The financial position is strong. Net cash decreased by SEK 0.7 b.
in the quarter to SEK 42.4 (43.1) b., mainly as a consequence of
the dividend payment of SEK 4.0 b.
Days sales outstanding were 90 days, an improvement by seven days
compared to the first quarter. Inventories, including work in
progress, were slightly up in the quarter by SEK 1.3 b. to SEK 19.3
(18.0) b., due to currency exchange effects. Excluding currency
exchange effects, inventories, including work in progress, were
flat in the quarter.
Net change of deferred tax assets amounted to SEK 0.3 b. in the
second quarter. The balance decreased from SEK 20.8 b. at year-end
to SEK 18.9 b.
Cash outlays with regards to restructuring amounted to SEK 0.4 b.
for the quarter. Approximately SEK 2.3 b. of restructuring charges
remains to be paid out during 2005 and beyond.
MARKET AND BUSINESS HIGHLIGHTS
There is continued growth in the GSM market where emerging markets
show particularly good development in both network coverage and
capacity.
Tariff competition is intensifying in Western Europe. This
stimulates both traffic growth and the evolution of new business
models and services. In parallel, richer services and more complex
technology has made total cost of network ownership, including
operating expenses, an obvious priority for operators.
As a consequence, operator focus on the services area is
increasing. In this environment, our services offering is a key
ingredient in assisting operators to lower costs and offer rich
content services. An important step in helping our customers meet
consumer demands is the recently announced Napster agreement, which
will enable operators to offer branded music download services
efficiently.
The WCDMA rollout continues, and Cingular Wireless' rapid buildout
plan in the US is driving the industry forward. When complete,
Cingular's buildout will have contributed to doubling the installed
WCDMA base outside of Japan. More attractive handsets with more
competitive prices also contribute to the fast WCDMA network
expansions.
Our successful HSDPA offering is proving to be a crucial part of
operator considerations in timing WCDMA deployments. With HSDPA,
operators will be able to offer their customers even richer
services including music and film downloads, TV, and enterprise
applications. Triple play, which brings together telephony,
Internet and broadcast media, continues to be a focus for both
mobile and fixed operators.
In parallel, operators are considering fixed/mobile convergence
also as a way of reducing operating expenses. A key element in this
development is the deployment of all-IP softswitch-based networks.
Ericsson announced several strategic wins during the quarter in
this area, of which BT's 21st Century all-IP network was the most
noteworthy.
Regional overview
Western Europe sales grew 7% year-over-year. Also this quarter,
Italy and Spain showed strong development, and the region as a
whole continues to benefit from ongoing 3G deployments and GSM
capacity enhancements.
Central Europe, Middle East and Africa sales grew 27%
year-over-year and was the largest region. The development was
solid across the markets with particularly good development in
Nigeria and Turkey. There is a continued strong GSM development as
well as an increased focus on 3G.
Asia Pacific sales were up by 8% year-over-year. China and India
showed particularly strong development. While operators are
evaluating different 3G technologies and performing large-scale
trials with WCDMA, they continue to invest in GSM capacity
enhancements to accommodate the strong subscriber growth.
North American sales are recovering. Growth year-over-year of 31%
indicates a market rebound following operator consolidation. The
ongoing network rollout in the North American market is well under
way and invoicing included equipment worth close to two billion
Swedish crowns originally planned for the third quarter.
Latin America shows continued positive development, and sales grew
by 28% year-over-year through strong GSM sales. Argentina and
Brazil, in particular, contributed to the year-over-year growth.
Subscriber growth
During the quarter, four new WCDMA networks were commercially
launched, bringing the total to 65. We are a supplier to 38 of
these networks. The number of subscriptions grew from 21 million to
more than 28 million during the quarter and WCDMA is now by far the
fastest growing 3G technology. The number of CDMA2000 1xEV-DO
subscriptions grew by two million and has reached 14 million.
We continue to see a steady increase in both subscribers and usage,
which further contributes to the solid long-term industry growth.
Net subscriber additions were more than 100 million in the quarter.
At the end of the quarter, worldwide subscription penetration is
30%, with more than 1.9 billion total subscriptions, of which
almost 1.5 billion are GSM.
OUTLOOK
All estimates are measured in USD and refer to market growth
compared to previous year.
The traffic growth in the world's mobile networks is expected to
continue as a result of both new services and new subscribers. For
2005 we now believe that the global mobile systems market, measured
in USD, will show moderate growth compared to 2004.
We previously estimated the global mobile systems market, measured
in USD, to show slight growth compared to 2004.
We maintain our view that the addressable market for professional
services is expected to continue to show good growth.
With our technology leadership and global presence we are well
positioned to take advantage of these market opportunities.
SEGMENT RESULTS
2004 numbers restated in accordance with IFRS, please see
www.ericsson.com/investors/doc/ifrs_statement.pdf. IAS 39
implemented as of January 1, 2005, related to financial
instruments.
Systems
Second quarter First quarter Six-month period
SEK b. 2005 2004 Change 2005 Change 2005 2004 Change
Net sales 36.1 30.4 19% 29.0 25% 65.1 56.5 15%
Mobile 28.8 24.3 19% 23.5 23% 52.2 45.4 15%
Networks
Fixed 1.1 1.1 0% 1.0 8% 2.2 2.0 8%
Networks
Professional 6.2 5.0 25% 4.5 38% 10.7 9.1 18%
Services
Operating 8.2 5.9 6.2 14.4 9.4
income
Operating 23% 20% - 21% - 22% 17% -
margin
Sales in Mobile Networks grew by 19% year-over-year. In constant
currencies, sales grew 21% year-over-year and 18% for the six-month
period.
In the evolution from GSM to WCDMA most customers are deploying
networks that combine GSM and WCDMA. The growth in the GSM/WCDMA
track was approximately 22% in the quarter. Of radio access sales,
54% was WCDMA/EDGE related. The strong subscriber growth continues
and supports the growth in Mobile Networks sales.
Sales within Professional Services have developed favorably during
the quarter and grew approximately 25% year-over-year. In constant
currencies the growth was 27% year-over-year. Supporting the strong
growth the number of employees in services grew by 1,500 in the
quarter.
Other Operations
Second quarter First quarter Six-month period
SEK b. 2005 2004 Change 2005 Change 2005 2004 Change
Net 2.7 2.8 -5% 2.7 -2% 5.4 5.3 2%
sales
Operating -0.1 0.6 - 0.0 - 0.0 0.6 -
income
Operating -4% 20% - 2% - -1% 11% -
margin
Other Operations show a sequential sales decline of 2%. This
includes 17% growth in Ericsson Mobile Platforms. Operating income
of SEK -0.1 b. is affected by ongoing restructuring in Ericsson
Power Modules and increased R&D investments in Enterprise and
public safety.
SONY ERICSSON MOBILE COMMUNICATIONS
For information on transactions with Sony Ericsson Mobile
Communications please see Financial statements and additional
information.
Sony Ericsson Mobile Communications (Sony Ericsson) reported units
shipped up 14% year-over-year and 26% sequentially. Sales increased
by 7% year-over-year. Ericsson's share in Sony Ericsson's income
before tax was SEK 0.4 b. for the quarter, compared to SEK 0.5 b.
in the same period previous year.
PARENT COMPANY INFORMATION
Net sales for the six months period amounted to SEK 0.7 (0.9) b.
and income after financial items was SEK 5.3 (4.5) b.
Major changes in the Parent Company's financial position for the
six months period include increased short- and long-term
receivables from subsidiaries of SEK 6.6 b. and decreased other
current receivables of SEK 4.8 b. Current and long-term liabilities
to subsidiaries decreased by SEK 7.3 b. and other current
liabilities increased by SEK 2.4 b. At the end of the quarter, cash
and short-term cash investments amounted to SEK 67.2 (71.7) b.
In accordance with the conditions of the Stock Purchase Plans and
Option Plans for Ericsson employees, 5,294,648 shares from treasury
stock were sold or distributed to employees during the second
quarter. The holding of treasury stock at June 30, 2005 was
292,992,667 Class B shares.
Stockholm, July 21, 2005
Carl-Henric Svanberg
President and CEO
Date for next report: October 21, 2005
AUDITOR'S REPORT
We have reviewed the report for the second quarter ended June 30,
2005, for Telefonaktiebolaget LM Ericsson (publ.). We conducted our
review in accordance with the recommendation issued by FAR. A
review is limited primarily to enquiries of company personnel and
analytical procedures applied to financial data and thus provides
less assurance than an audit. We have not performed an audit and,
accordingly, we do not express an audit opinion.
Based on our review, nothing has come to our attention that causes
us to believe that the interim report does not comply with the
requirements for interim reports in the Annual Accounts Act and IAS
34.
Stockholm, July 21, 2005
Bo Hjalmarsson Peter Clemedtson Thomas Thiel
Authorized Public Accountant Authorized Public Authorized
Accountant Public
Accountant
PricewaterhouseCoopers AB PricewaterhouseCoopers AB
EDITOR'S NOTE
To read the complete report with tables please go to:
www.ericsson.com/investors/financial_reports/2005/6month05-en.pdf
Ericsson invites the media, investors and analysts to a press
conference at the Ericsson headquarters, Torshamnsgatan 23,
Stockholm, at 09.00 (CET), July 21.
An analyst and media conference call will begin at 15.00 (CET).
Live audio webcast of the press conference and conference call as
well as supporting slides will be available at
www.ericsson.com/press and www.ericsson.com/investors.
FOR FURTHER INFORMATION PLEASE CONTACT
Henry Sténson, Senior Vice President, Communications
Phone: +46 8 719 4044
E-mail: investor.relations@ericsson.com or
press.relations@ericsson.com
Investors
Gary Pinkham, Vice President,
Investor Relations
Phone: +46 8 719 0000;
E-mail: investor.relations@ericsson.com
Susanne Andersson, Investor Relations,
Phone: +46 8 719 4631
E-mail: investor.relations@ericsson.com
Glenn Sapadin, Investor Relations,
North America
Phone: +1 212 843 8435;
E-mail: investor.relations@ericsson.com
Media
Pia Gideon, Vice President,
Market and External Communications
Phone: +46 8 719 2864, +46 70 519 8903; E-mail:
press.relations@ericsson.com
Åse Lindskog, Director,
Head of Media Relations
Phone: +46 8 719 9725, +46 730 244 872; E-mail:
press.relations@ericsson.com
Ola Rembe, Director,
Media Relations
Phone: +46 8 719 9727, +46 730 244 873; E-mail:
press.relations@ericsson.com
Telefonaktiebolaget LM Ericsson (publ)
Org. number: 556016-0680
Torshamnsgatan 23
SE-164 83 Stockholm
Phone: +46 8 719 00 00
www.ericsson.com
Safe Harbor Statement of Ericsson under the Private Securities
Litigation Reform Act of 1995;
All statements made or incorporated by reference in this release,
other than statements or characterizations of historical facts, are
forward-looking statements. These forward-looking statements are
based on our current expectations, estimates and projections about
our industry, management's beliefs and certain assumptions made by
us. Forward-looking statements can often be identified by words
such as "anticipates", "expects", "intends", "plans", "predicts",
"believes", "seeks", "estimates", "may", "will", "should", "would",
"potential", "continue", and variations or negatives of these
words, and include, among others, statements regarding: (i)
strategies, outlook and growth prospects; (ii) positioning to
deliver future plans and to realize potential for future growth;
(iii) liquidity and capital resources and expenditure, and our
credit ratings; (iv) growth in demand for our products and
services; (v) our joint venture activities; (vi) economic outlook
and industry trends; (vii) developments of our markets; (viii) the
impact of regulatory initiatives; (ix) research and development
expenditures; (x) the strength of our competitors; (xi) future cost
savings; and (xii) plans to launch new products and services.
In addition, any statements that refer to expectations, projections
or other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking
statements. These forward-looking statements speak only as of the
date hereof and are based upon the information available to us at
this time. Such information is subject to change, and we will not
necessarily inform you of such changes. These statements are not
guarantees of future performance and are subject to risks,
uncertainties and assumptions that are difficult to predict.
Therefore, our actual results could differ materially and adversely
from those expressed in any forward-looking statements as a result
of various factors. Important factors that may cause such a
difference for Ericsson include, but are not limited to: (i)
material adverse changes in the markets in which we operate or in
global economic conditions; (ii) increased product and price
competition; (iii) further reductions in capital expenditure by
network operators; (iv) the cost of technological innovation and
increased expenditure to improve quality of service; (v)
significant changes in market share for our principal products and
services; (vi) foreign exchange rate fluctuations; and (vii) the
successful implementation of our business and operational
initiatives.
The full report including tables can also be downloaded from the
following link.
http://hugin.info/1061/R/1003232/154033.pdf
mfg
ath
21.07.2005 um 08:06 Uhr
MÜNCHEN (COMPUTERWOCHE) - Der schwedische TK-Ausrüster Ericsson hat sein Ergebnis im zweiten Quartal deutlich gesteigert. Der Gewinn vor Steuern sei von 7,3 auf 8,5 Milliarden Schwedische Kronen geklettert, teilte der Konzern am Donnerstag in Stockholm mit.
Beim Umsatz verbuchte die Gesellschaft einen Zuwachs auf 38,44 (Vorjahr: 32,60) Milliarden Kronen, und der Gewinn kletterte auf 5,8 (5,0) Milliarden Kronen. Ericsson begründete den Zuwachs mit der guten Nachfrage der Telekomkonzerne nach Infrastruktur. Von SME Direkt befragten Analysten hatten im Schnitt mit einem Gewinn vor Steuern in Höhe von 7,62 Milliarden Kronen gerechnet.
Ericsson hob seine Erwartung für die globale Nachfrage an: Für das Gesamtjahr werde für die Branche mit einem moderaten Zuwachs bei der Nachfrage nach Telekominfrastruktur gerechnet, hieß es. Zuvor war das Unternehmen von einem leichten Plus ausgegangen. (dpa/tc)
mfg
ath
PS.schön langsam wird es für bearische analysten eng...
Grüße, ZN
Typisch ANALysten
27.09.2005
Ericsson - Morgan Stanley hebt Prognosen an
Ericsson wird von Morgan Stanley weiterhin mit "overweight" eingestuft. Im Bereich des Kursziels erfolgt eine Festsetzung auf 32 Schwedische Kronen. Die Broker sind für den Telekommunikationsausrüster von einem Margenanstieg überzeugt. So sei davon auszugehen, dass die operative Marge von 2004 bis 2007 von 20 auf 23 Prozent steigt. Die Verbesserung soll mit Effizienzsteigerungen in den Bereichen Produktion, Forschung & Entwicklung einhergehen. Im Bereich des Umsatzes rechnen die Experten für 2006 und 2007 mit Wachstumsraten von 9 bzw 7 Prozent. Für 2006 lautet die EPS-Schätzung auf 1,76 Kronen je Aktie. In 2007 sei für das Unternehmen ein EPS von 1,92 Kronen je Aktie ins Visier zu fassen. Damit werden die aktuellen Konsenschätzungen um 10 Prozent übertroffen.
MFG
ath
Dann wäre luft für weitere anstiege.
Die konsolidierungsphase hat der aktie sicherlich nicht geschadet, ausserdem könnte der wieder stärkere USD, auch beim Quartalsergebnis für eine positiver überraschung sorgen.
Also drann bleiben.
mfg
ath
Das Walkman-Handy W800i und das neue W550i werden allesamt in Fabriken von Ericsson hergestellt. Bei vielen anderen Modellen helfen auch andere Produzenten wie etwa Flextronics aus.
Foto: AMB | Sony Ericsson W800i
Der Erfolg und die damit einhergehende Nachfrage nach den Produkten auf K750i-Basis kommt nicht von ungefähr: auch wenn die Konkurrenz mittlerweile massiv aufgeholt hat und in vielen Fällen ausstattunsseitig nicht nur vergleichbare, sondern teilweise sogar bessere Modelle anbieten kann, sind K750i, W800i und Co. dank 2-Megapixelkameras, hoher Speicherkapazität, ansprechendem Formfaktor und bravouröser Menüführung die absoluten Dauerbrenner des Marktes.
Anzeige
"Falsch machen" kann man mit einem Gerät dieser Baureihe jedenfalls nichts. Größter Schwachpunkt: die Softwarestabilität. Wie wir aus eigener Erfahrung, vielen Forenthreads und Kundenanfragen wissen, neigen die Geräte in vielen Fällen zu unkontrollierten Abstürzen - nicht nur bei der intensiven Nutzung von Telefon oder Bluetooth.
mfg
ath
der die aktie seit einem kurs von 0,36 EU nicht im depot hat??
Er versucht weiterhin die aktie zu drücken u. hofft,dass er mit seinen dauerfalschaussagen, irgendwann recht behält.
Nur komisch,dass das alte angegebene kursziel, bei seinen früheren analysen nie angegeben wurde.
Siehe alte einstufungen!
2-Dec-02 SG Cowen - Downgrade from Mkt to - Perform Underperform
bzw.
28-Jan-00 SG Cowen - Upgrade from to - Neutral Buy
was soll man von solchen analysen halten? Beim höchsstand ein upgrade, beim tieftstand ein downgrade!
Und heute, wieder eine sehr kompetente ANAlyse!
03.10.2005 17:47
Ericsson zum Verkauf gestellt
Eine Herabstufung auf Sell kassiert die Aktie von Ericsson (Nachrichten) von den Analysten bei SG Cowen. Die guten Nachrichten des Unternehmens seien nach dem Anstieg im Kurs berücksichtigt. Darüber hinaus sei die 3G-Nachfrage in Europa schwach, nachdem diese 2004 ein Fünftel der Umsätze von Ericsson brachte. Der Gewinn des dritten Quartals schätzen die Experten auf 0,33 Schwedische Kronen, den Gesamtgewinn für 2005 auf 1,42 Schwedische Kronen. Das Kursziel wird von 26 auf 23 Schwedische Kronen gesenkt.
mfg
ath
Dresdner Kleinwort Wasser.
LONDON, October 5 (newratings.com) - Analysts at Dresdner Kleinwort Wasserstein reiterate their "buy" rating on Ericsson (ERCB.ETR). The target price is set to SEK46.
In a research note published this morning, the analysts mention that Ericsson is expected to post robust 3Q results, driven by the increasing demand for mobile phones. The company is also expected to guide to robust growth levels for the next calendar year, the analysts say. The current valuation of Ericsson’s shares does not reflect the company’s true earnings capacity, Dresdner Kleinwort Wasserstein adds.
mfg oj
Ericsson vor Übernahme von Marconi?
10.10.05 17:22
Die Aktien des britischen Telekommunikations-Ausrüsters Marconi stiegen am Montag um 10 Prozent an, nachdem Ericsson verkündete, die Mehrheitsanteile an dem angeschlagenen Konzern übernehmen zu wollen.Die Ericsson-Aktie verliert in den USA aktuell um 0,88 Prozent auf 36,13 Dollar, während Marconi um 8,39 Prozent auf 11,76 Dollar steigen.Die britische Zeitung „Sunday Telegraph“ hatte berichtet, dass Ericsson dem britischen Unternehmen eine Übernahmeofferte unterbreitet habe. Damit stelle sich Ericsson gegen den chinesischen Konzern Huawei, der ebenfalls an Marconi interessiert ist.Ein Sprecher Marconis konnte den Zeitungsbericht nicht bestätigen. Der Bericht sei „nur ein weiteres Gerücht, das an den Märkten herumschwirrt“, so der Firmensprecher.
Quelle: BoerseGo
Meiner meinung nach, könnte sich der deal langfristig positiv auswirken, doch kurzfristig belastend wirken.
Jetzt zur allg. situation von ericy
Am 17.10.05 kommen die sony//ericy ergebnisse, der handysparte. Nachdem die neuen modelle äusserst beliebt sind, wird es dort wohl keine negat. überraschung geben.
Schlecht wäre es, wenn die margen neuerlich unter der expansion gelitten hätten.
Am 20.10.05 kommt mokia mit ergebnissen.
Auch die könnten wieder einmal positiv sein, nachdem in den letzten jahren sehr viel vertrauen verloren ging.
Und am 21.10.05 gibt die ersehnten ericy zahlen.
Der USD u. starke nachfrage aus schwellenländern könnte kursstützend sein.
PS.Ich habe im vorfeld der zahle, massiv NOK aufgestockt u. kein stück von ericy hergegeben.
mfg
ath
Freitag 21. Oktober 2005, 08:19 Uhr
Aktienkurse
TELEFON AB L.M.ERICS...
ERICB.ST
0.00
0.00
3. Quartal (30.9.) 2005 2004
Umsatz (Mrd) 36,2 31,8
Nettoergebnis (Mrd) 5,3 4,3
Ergebnis je Aktie 0,34 0,27
Bruttomarge (%) 45,2 47,1
Op Marge (%) 21,6 20,7 - Alle Angaben in SEK, Margen in Prozent.
DJG/kla/jhe
mfg
ath
Quelle: Lehman Brothers
Datum: 24.10.05
Rating-Update:
Die Analysten von Lehman Brothers stufen die Aktie von Ericsson (ISIN SE0000108656/ WKN 850001) unverändert mit "overweight" ein. Die Quartalszahlen würden den Ausblick für moderates Umsatzwachstum und stabile Margen bestätigen. Etwaige Kursschwächen sollten zu Käufen genutzt werden.
Analyse-Datum: 24.10.2005
g.oj
Vor nicht allzu langer zeit, bestand die gefahr, dass ericy übernommen wird, heute ist ericy wieder in der position, selbst firmen zu übernehmen.
Ericsson übernimmt Aktivitäten von Marconi
Der schwedische Telekomausrüster Ericsson wird weite Teile seines Wettbewerbers Marconi übernehmen. Für 1,2 Milliarden britische Pfund würden rund 75 Prozent der britischen Gesellschaft erworben, teilten die Unternehmen am Dienstag in London und Stockholm mit. Mit dem Zukauf will Ericsson Lücken in seiner Angebotspalette schliessen.
Ericsson-CEO: Carl-Henric Svanberg
Ericsson ist vor allem im Bereich mobile Infrastruktur gut aufgestellt, während Marconi sich auf den Festnetzsektor fokussiert hat. Die Akquisition soll ab dem Jahr 2007 zum Gewinn von Ericsson beitragen. Im kommenden Jahr sei der Erwerb ergebnisneutral, sagte Vorstandschef Carl-Henric Svanberg. Der Umsatz werde sich mit den Marconi-Teilen um 14 Milliarden Kronen erhöhen.
Seit Monaten wurde über einen Verkauf der britischen Gesellschaft spekuliert. Marconi hatte Anfang August Gespräche mit möglichen Käufern bestätigt, ohne etwas zur Identität der Interessenten zu sagen. Nach Angaben von Svanberg ist die Gesellschaft zu klein, um ohne Partner am Markt zu bestehen. (awp/mc/as)
mfg
ath
Ericsson outperform
Quelle: Goldman Sachs
Datum: 14.11.05
Rating-Update:
Die Analysten von Goldman Sachs stufen die Aktie von Ericsson (ISIN SE0000108656/ WKN 850001) unverändert mit "outperform" ein. Während die Umsatzchancen unterschätzt würden, werde das Margenrisiko überbewertet.
Analyse-Datum: 14.11.2005
Ericsson buy
Quelle: UBS
Datum: 14.11.05
Rating-Update:
Die Analysten der UBS stufen die Aktie von Ericsson (ISIN SE0000108656/ WKN 850001) unverändert mit "buy" ein. Unter Umsatzgesichtspunkten verfüge das Unternehmen über eine ausgeglichene Basis.
Analyse-Datum: 14.11.2005
g-oj
Die schwedische Ericsson (ISIN SE0000108656/ WKN 850001), der weltgrößte Hersteller von Mobilfunknetzen, meldete am Mittwoch, dass sie mit dem führenden russischen Mobilfunkanbieter Vympel Communicatii (VimpelCom) (ISIN US68370R1095/ WKN 903602) ein Abkommen geschlossen hat, bei dem Ericsson ein GSM/GPRS/EDGE-Netzwerk in der Ukraine zur Verfügung stellt.
Das Abkommen hat ein Volumen von 200 Mio. Dollar und ist Teil einer 500 Mio. Dollar schweren Transaktion der VimpelCom Group, einschließlich des Erwerbs von Ericsson-Ausrüstung und -Services im Wert von 300 Mio. Dollar.
Kurz nach der Übernahme des ukrainischen Mobilfunkbetreibers URS durch VimpelCom hat Ericsson eine Vereinbarung zum Austausch der bestehenden URS-Ausrüstung unterzeichnet. Im Rahmen dieser Vereinbarung kauft URS von Ericsson Ausrüstung im Wert von 200 Mio. Dollar, um sein Netzwerk über drei Jahre ausbauen zu können. Ericsson zahlt dabei rund 52,6 Mio. Dollar in bar für die bestehende URS-Ausrüstung.
Die Aktie von Ericsson notiert in Stockholm aktuell bei 26,60 Schwedischen Kronen (-0,37 Prozent), die von VimpelCom schloss gestern in New York bei 41,80 Dollar.
g-oj
Ericsson kaufen
14.11.2005 08:54:28 (UBS)
Ericsson "buy"
14.11.2005 08:07:52 (GOLDMAN SACHS)
Ericsson "outperform"
11.11.2005 09:16:50 (GOLDMAN SACHS)
Ericsson "outperform"
PS. spät aber doch´
mfg
ath
11:39 05.12.05
Die schwedische Ericsson (ISIN SE0000108656/ WKN 850001), der weltgrößte Hersteller von Mobilfunknetzen, meldete am Montag, dass sie Regional Internet Australia (RIA), einen in Northern Queensland ansässigen Internet Service Provider, mit ihrer EDA DSL-Ausrüstung beliefern wird.
RIA will das schnellste Breitband-Netzwerk der Region errichten. Die EDA-Ausrüstung von Ericsson wird die Expansion von RIAs breitbandigem DSL-Netz unterstützen und den Kunden eine verbesserte Funktionalität bieten - mit Geschwindigkeiten, die bis zu zehnmal schneller sind als bestehende Dienste.
Die Aktie von Ericsson gewinnt in Stockholm aktuell 0,37 Prozent auf 27,30 Schwedische Kronen.
Quelle: aktiencheck.de
g-oj