Sweden's Ericsson 'not immune' from effects of global trade war

Ericsson is doing well in the US and the stock is rising after the quarterly report. CEO Börje Ekholm does not believe that the tariff war will affect the company much. At the same time, he plans to increase production in the US – and to buy less from China.

Sweden's Ericsson 'not immune' from effects of global trade war

Swedish telecommunications equipment giant Ericsson posted a jump in first-quarter net profit Tuesday as North American sales soared ahead of tariffs, but warned it was not "immune" to the trade war.

Ericsson Holds Steady Amid Economic and Political Headwinds - Inside Towers

In its Q1 2025 results presentation yesterday, Börje Ekholm, Ericsson (NASDAQ: ERIC) President and CEO, commented, “In the evolving global trade landscape and macro volatility, we continue to focus on controlling what we can control and delivering to our customers. We are not immune, but we are resilient, with well diversified production close to the customer and the flexibility to adapt to changing conditions over time.” For the quarter, Ericss…

Ericsson reported solid results in the first quarter of 2025, with a growth of 3 percent in revenues and 45 percent in operating profit, after sales in the North American region were driven by uncertainty around US government tariffs. The Swedish manufacturer reported consolidated revenues in the first quarter of 2025 for a total of 55 billion Swedish crowns (5,57 billion dollars), a growth of 3 percent year by year. Despite the advance of the q…

Ericsson grows Q1 profit as tariff fears loom

Ericsson's CEO and CFO tackled the tariff question – as best they could – during the company's Q1 earnings call.

Trump's tariff scramble even helped Ericsson in the first quarter.