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SONYERICSSON

Students want jobs at Sony Ericsson

Sony Ericsson is the employer of choice among young Swedes, according to an annual study of university students.

Universum Communication’s study revealed that Sony Ericsson is a particularly attractive future employer for students in four sectors: Economics, Technology, Computing and Engineering.

Given a selection of top companies, many prospective engineers, IT geeks and computing students expressed an interest for working for Sony Ericsson. For students looking to work in the IT-sector it was the second most attractive employer, just behind Ericsson and in front of Microsoft.

Engineers apparently favour IKEA, Volvo Car Corporation, Ericsson and then Sony Ericsson. Technology students look to be aiming for Ericsson, Volvo, ABB with Sony Ericsson kicking Saab Ericson Space back into fifth place.

“It’s very rare that a new company proves to be so popular in so many groups,” said Martin Strömqvist, Managing director of Universum.

“We’re impressed, but not surprised: Sony Ericsson is associated with innovative products and is an international company. It also has a relatively young workforce.”

Sony Ericsson Sverige’s head of personnel in Sweden, Krister Jönsson, was proud the company ranked so highly amongst students. “It shows we’re an attractive employer,” Jönsson said.

SONY

Ericsson profits double on sale of Sony stake

The Swedish telecommunications equipment maker Ericsson posted Wednesday a first quarter net profit that was more than double the level recorded a year earlier, owing to a major one-off divestment.

Ericsson profits double on sale of Sony stake

The world leader in mobile telephone networks also said sales had fallen by four percent to 50.97 billion kronor ($7.6 billion), while operating profit excluding the sale of its half the joint venture Sony Ericsson was 56 percent lower at 2.8 billion.

Net profit leapt however by 116 percent to 8.8 billion kronor thanks to a 7.7 billion kronor contribution from the sale of a 50-percent stake in Sony Ericsson, a statement said.

Meanwhile, “sales of high-performance mobile broadband developed well in North America, Japan and Korea, while other regions such as Europe including Russia, parts of Middle East and India were weaker,” chief executive Hans Vestberg said.

Cheuvreux analyst Odon De Laporte highlighted an increase in Ericsson’s gross margin since the fourth quarter of 2011.

Gross margin is the percent of total sales that a company retains after taking into account the cost of their production and associated services.

“Sure, the report shows there is low activity, especially for the network division, but seeing the gross margin bouncing back is definitely a relief,” Laporte was quoted by Dow Jones Newswires as saying.

Ericsson’s gross margin climbed to 33.3 percent in the first three months of the year, from 30.2 percent in the fourth quarter of 2011, but remained below the 2011 first quarter level of 38.5 percent.

On February 16, Sony said it had finalised the acquisition of Ericsson’s share of their mobile telephone joint venture Sony Ericsson, which was renamed Sony Mobile Communications.

The transaction, which had a total value of 1.05 billion euros, included patents and licenses.

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