Ericsson (Telefonaktiebolaget L.M.) Jul 11

Standard & Poors, July 2011

Abstract
World-leading market share, efficiency, and margins in mobile networks. Solid position and margins in the expanding services segment. Robust cash flow generation from the core business. Strong balance sheet with large cash balances and well-spread debt maturities. Very strong competitive pressures. Volatile demand dependent on technological, economic, and regulatory factors. Still weak margins in semiconductors and handsets joint ventures. The ratings on Swedish telecommunications equipment supplier Ericsson (Telefonaktiebolaget L.M.) reflect Standard & Poor's Ratings Services' view of the company's strong position in mobile network technologies, industry-leading operating margins, wide geographic reach, strong liquidity, and moderate gross leverage. These positions are supported by Ericsson's strong technology development track record, backed by the industry's largest research and development (R&D) budget and Ericsson's...

Companies mentioned in this report are: Ericsson (Telefonaktiebolaget L.M.)
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Ericsson (Telefonaktiebolaget L.M.)

Customers who bought this item also bought

• The Sweden Defense Industry - Market Attractiveness and Emerging Opportunities to 2017: Market Profile
• Crisis Information Management: Communication and Technologies
• Swedish Space Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report
• The Sweden Defense Industry - Defense Procurement Market Dynamics to 2017: Market Profile
• The Swedish Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
• Homeland Security Expenditure in Sweden to 2017: Market Review
• Soldier Modernization Market in Sweden to 2022: Market Brief
• The Sweden Defense Industry - Industry Dynamics to 2017: Market Profile
• The Sweden Defense Industry - Market Entry Strategy to 2017: Market Profile
• Defense Spending in Sweden