News > Ericsson sees sales stabilising soon after Q1 profit beat

Ericsson sees sales stabilising soon after Q1 profit beat

Ericsson, the telecoms equipment maker, beat first-quarter profit forecasts helped by a one-off gain. The Swedish group pointed to recent contract wins and normalising customer inventory levels in North America. Its shares were up 6% in early trade, to levels last seen at the start of the month. Ericsson also predicted the 5G Radio Access Network (RAN) market would keep falling at least through the end of the year.