Per Narvinger

Ericsson Shares Rise 6.8% as Stockholm Market Falls for a Second Day

The decline on the Stockholm Stock Exchange continued. Ericsson went against the trend on Thursday, surging 6.8 percent after its report.

Ericsson Shares Jump 8% After Strong Quarter as AI Boom Pushes Up Component Costs

The new Ericsson CEO got off to a strong start. The share price is up 8-9 percent after a stronger-than-expected quarterly report. But the AI boom is driving up costs. “There is tremendous growth in AI, and that means the price of components such as memory has gone up tremendously,” says Per Narvinger.

Ericsson CEO Börje Ekholm to step down, replaced by Per Narvinger

Ericsson CEO Börje Ekholm is stepping down. He is being replaced by Per Narvinger, who has worked at the company since 1997. Ekholm has been both praised and questioned during his more than nine years at the helm. It was a long-term emergency solution that has now begun to bear fruit, says Sverre Linton, general counsel at Aktieägarna.

Stronger krona costs Ericsson over SEK 2 billion

Ericsson's sales were lower than expected. Profitability is under pressure as the AI boom drives up input costs. The biggest impact is a stronger krona, which lowers profits by more than 2 billion. "We have strong headwinds in terms of currency," says Per Narvinger, the telecom giant's vice president.

Ericsson Stock Soars 15 Percent Amid Profit Surge and Dividend Outlook

Telecom giant Ericsson more than doubles the profit in the third quarter and flags for increased dividend next year. The forecast for the fourth quarter looks slightly stronger than expected. The stock price surges around 15 percent.

Ericsson reshuffles its management