Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Ericsson outlook cut

Share this article

18:01 CET+01:00
International credit rating agency Standard & Poor's cut its outlook for Swedish telecom equipment maker Ericsson on Tuesday from stable to negative.

The cut is a result of Ericsson's profit warning last week, when the company said sales in the fourth quarter were likely to be a the lower end of previous expectations.

The past year has seen Ericsson's star wane. The market capitalization of the world leader in mobile networks has almost halved to 239 billion kronor from 450 billion kronor at the start of the year.

Ericsson management has faced criticism in the wake of poor results, but chairman Michael Treschow has expressed confidence in CEO Carl Henric Svanberg.

Get notified about breaking news on The Local

Share this article

From our sponsors

The ‘fairytale' boarding school nestled in a Swedish village

The words ‘boarding' and ‘school' often summon images of strict teachers, drab dormitories and downcast children. That image couldn't be further from reality at Sigtunaskolan Humanistiska Läroverket (SSHL), where boarders describe the ‘fairytale' school as a home away from home.