Ericsson organic sales rise 7% as it merges two Asian units

Ericsson reported Q3 adjusted EBITA of SEK 10.1bn ($1bn), beating the SEK 7.93bn analyst average, with organic sales up 7% and reported sales of SEK 59.5bn. From January 1, 2027, its North East Asia and South East Asia, Oceania and India market areas will merge into a single Market Area Asia-Pacific.

• Adjusted EBITA hit SEK 10.1bn versus SEK 7.93bn expected
• Reported sales rose to SEK 59.5bn from SEK 56.2bn a year earlier
• Shares gained as much as 11% in Stockholm, the biggest jump since Jan 23
• Two Asian market areas merge into Market Area APAC on January 1, 2027