Ericsson's 2024 Report Showcases Growth and Sustainability Efforts

2025-02-27 business

Stockholm, Thursday, 27 February 2025.
Ericsson’s 2024 Annual Report reveals a 7% increase in sales and outlines plans for substantial R&D investment, advancing its sustainability and innovation agenda to strengthen its market position.

Strong Financial Performance and Digital Leadership

In its latest financial disclosure, Ericsson reported net sales of 232.4 billion SEK for 2024, demonstrating robust performance with an operating income of 27.5 billion SEK and an operating margin of 11.8% [1]. The company’s commitment to operational excellence is further evidenced by its strong free cash flow position of 19.2 billion SEK [1], positioning the telecommunications giant for sustained growth in the evolving digital landscape.

Sustainability Achievements and Corporate Responsibility

The company has made significant strides in its environmental initiatives, with documented success in reducing its ecological footprint. The 2024 sustainability report highlights remarkable achievements, including the prevention of 3.5 million metric tons of CO2e emissions through its product portfolio and achieving a 99.9% responsible collection rate for e-waste [2]. Notably, Ericsson has also advanced its diversity agenda, with women now occupying 32% of executive positions [2].

Strategic Investments and Future Outlook

Looking ahead, Ericsson has announced ambitious plans to invest 15 billion SEK in research and development initiatives for 2025 [3]. CEO Börje Ekholm emphasized the company’s progressive trajectory, stating, ‘We continued our strong performance in 2024 and I’m proud of the progress we have made’ [3]. The company’s strategic focus on innovation and sustainability appears to be resonating with stakeholders, as indicated by the strengthening of the Ericsson brand [2].

Corporate Governance and Transparency

In maintaining its commitment to transparency, Ericsson has made its comprehensive 2024 Annual Report available in both Swedish and English formats [4]. The report, published on February 27, 2025, encompasses detailed financial statements, corporate governance protocols, remuneration policies, and sustainability initiatives [5]. This thorough disclosure framework underscores Ericsson’s dedication to maintaining robust corporate governance standards and stakeholder communication.

sources

telecom Ericsson