Home Ericsson announces SEK 1 bln write-down for 5G inventory in China in Q2
 

Keywords :   


Ericsson announces SEK 1 bln write-down for 5G inventory in China in Q2

2020-06-08 09:32:00| Telecompaper Headlines

(Telecompaper) Ericsson said it will write down approximately SEK 1 billion worth of pre-commercial product inventory for the Chinese markets in the second quarter. This will be reported under the Networks segment and will affect the gross margin. The vendor still maintains its financial targets for 2020 and 2022.

Tags: in china inventory ericsson

Category:Telecommunications

Latest from this category

All news

28.02Fostering Leadership with the Fanatical Leadership Academy at Rackspace University
Telecommunications »
14.03BASF Signs Long-term Agreement with Braven Environmental for Supply of Advanced Recycled Reedstock
14.03PPG Recognized as Exceptional Workplace by Gallup for Third Consecutive Year
14.03Musk's Tesla raises concern over Trump tariffs
14.03UK economy shrank unexpectedly in January
14.03Car sharing switches to electric to boost appeal
14.03Exclusive: Every McDonald's in Britain warned of legal action over failing to tackle staff sex abuse
13.03Continental Refining Company targets Southeastern feed mills for cattle-formulated UltraBlend Soymeal
13.03Glenn Laursen Brinkman
More »