Ericsson's Vonage Bet Backfires: Impairment Charge Hits Q2 Due to Lower Market Growth
Ericsson's Vonage Bet Backfires: Impairment Charge Hits Q2 Due to Lower Market Growth
On Wednesday, Ericsson (NASDAQ:ERIC) disclosed it would record a non-cash impairment charge of 11.4 billion Swedish krona ($1.1 billion) in the second quarter of 2024, which is in line with IFRS accounting standards.
週三，愛立信（納斯達克: ERIC）披露，將按照IFRS會計準則，在2024年第二季度記錄一筆非現金減值損失，數額爲114億瑞典克朗（11億美元）。
The company expects the charges due to lower expected market growth rates in Vonage's current portfolio.
該公司預計由於Vonage目前的產品組合增長率預期降低，將產生此項費用。
Niklas Heuveldop, Head of Business Area Global Communications Platform and CEO of Vonage, said, "Given deterioration in the market environment and elective decisions we have made to refocus our investments in strategically prioritized areas, we have reassessed certain growth assumptions, resulting in a non-cash impairment of SEK 11.4 billion."
全球通信平台業務領域負責人兼Vonage首席執行官尼克拉斯·胡維爾多普表示：“鑑於市場環境惡化和我們做出的有選擇性的投資重新聚焦於戰略重點領域的決定，我們重新評估了某些增長假設，導致114億瑞典克朗的非現金減值損失。”
"We continue to advance our strategy to build a Global Network Platform for network APIs, which was the strategic impetus for the Vonage acquisition."
我們將繼續推進打造網絡API全球網絡平台的戰略，這是收購Vonage的戰略動力。
Notably, in 2021, Ericsson disclosed the buyout of Vonage Holdings for $6.2 billion. When it announced the deal, Ericsson expected the transaction to likely be accretive to EPS and free cash flow before M&A from 2024 onwards.
值得注意的是，在2021年，愛立信公佈以62億美元的價格收購Vonage Holdings。當宣佈此交易時，愛立信預計該交易在2024年及以後的EPS和自由現金流對併購前有所增加。
Last month, Ericsson disclosed the conclusion of the work and terms of the independent compliance Monitor appointed by the U.S. Department of Justice (DOJ) in June 2020.
上個月，愛立信披露了由美國司法部（DOJ）於2020年6月任命的獨立合規監督員完成工作和條款的情況。
In April, the company reported a sales decline of 15% Y/Y to SEK53.3 billion. In USD, sales of $5.13 billion missed the consensus of $5.34 billion. Ericsson reported an EPS of SEK 0.77 (+71% Y/Y). In USD, EPS of $0.07 beat the consensus of $0.05.
今年四月，該公司報告了約53.3億美元的共計533億瑞典克朗的出售下降15％的營收。兌美元的銷售額爲51.3億美元，低於預期的53.4億美元。愛立信報告的每股收益是0.77瑞典克朗（+71％同比）。兌美元的每股收益爲0.07美元，超過預期的0.05美元。
Price Action: ERIC shares closed lower by 0.16% at $6.19 on Wednesday.
價格走勢：ERIC週三收盤價爲6.19美元，下跌0.16％。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
- Ericsson Cuts 1,200 Swedish Jobs Due to Falling Orders
- 由於訂單下降，愛立信裁員1200名瑞典工人。
譯文內容由第三人軟體翻譯。