Mission Statement, Vision, & Core Values (2024) of Telefonaktiebolaget LM Ericsson (publ) (ERIC)

Mission Statement, Vision, & Core Values (2024) of Telefonaktiebolaget LM Ericsson (publ) (ERIC)

SE | Technology | Communication Equipment | NASDAQ

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Bundle

Get Full Bundle:
$12 $7
$12 $7
$12 $7
$12 $7
$25 $15
$12 $7
$12 $7
$12 $7
$12 $7

TOTAL:



An Overview of Telefonaktiebolaget LM Ericsson (publ) (ERIC)

General Summary of Telefonaktiebolaget LM Ericsson

Telefonaktiebolaget LM Ericsson is a Swedish multinational telecommunications company headquartered in Stockholm, Sweden. Founded in 1876, the company specializes in network equipment and telecommunications services.

Key Products and Services:

  • 5G Network Infrastructure
  • Mobile Network Equipment
  • Cloud Core Network Solutions
  • Managed Services

Current Sales Metrics (2024):

Metric Value
Total Revenue $25.3 billion
Network Infrastructure Revenue $14.6 billion
Digital Services Revenue $6.7 billion

Financial Performance

Latest Financial Report Highlights:

Financial Metric 2024 Value
Gross Margin 42.3%
Operating Income $3.2 billion
Net Income $2.1 billion

Market Performance Indicators:

  • 5G Contract Wins: 87 countries
  • Global Market Share in Telecom Equipment: 28%
  • Research and Development Investment: $4.5 billion

Industry Leadership

Ericsson's Global Telecommunications Position

Ranking Metric Position
Global Network Equipment Market Top 3 Vendor
5G Infrastructure Deployments Leading Vendor
Patent Portfolio Over 59,000 granted patents



Mission Statement of Telefonaktiebolaget LM Ericsson (publ) (ERIC)

Mission Statement of Telefonaktiebolaget LM Ericsson (publ) (ERIC)

Ericsson's mission statement focuses on enabling a fully connected world through innovative telecommunications technology and network solutions.

Core Components of Mission Statement

Technological Innovation

Ericsson committed to 319.4 billion SEK in R&D investments for 2022, representing 17.4% of total company revenues.

R&D Investment Percentage of Revenue Focus Areas
319.4 billion SEK 17.4% 5G, AI, Cloud Technologies

Global Connectivity Strategy

  • Operational presence in 180 countries
  • Network coverage supporting 6.3 billion mobile subscriptions globally
  • Market share of 39% in global mobile network infrastructure

Sustainability Commitment

Ericsson targets:

  • Net-zero emissions by 2040
  • 50% reduction in carbon emissions by 2030
  • 100% renewable energy in all operations by 2025

Market Performance Indicators

Metric 2022 Value
Total Revenue 834.9 billion SEK
Net Income 48.2 billion SEK



Vision Statement of Telefonaktiebolaget LM Ericsson (publ) (ERIC)

Vision Statement Overview

Ericsson's vision statement for 2024 focuses on "Enabling an Intelligent, Sustainable, and Connected World".

Technological Leadership Dimension

Key Technology Vision Components:
  • 5G and 6G network leadership
  • Cloud and edge computing integration
  • AI-driven telecommunications infrastructure
Technology Investment 2024 Allocation
R&D Expenditure $4.62 billion
5G/6G Research $1.87 billion
AI/Machine Learning $612 million

Sustainability Vision

Commitment to reducing carbon emissions and promoting green technology solutions.

Sustainability Metric 2024 Target
Carbon Neutrality Goal 2040
Renewable Energy Usage 67%
E-waste Reduction 35% reduction

Global Connectivity Objectives

Connectivity Vision Targets:
  • Expand network coverage in emerging markets
  • Provide affordable telecommunications infrastructure
  • Support digital inclusion initiatives
Global Connectivity Metrics 2024 Performance
Countries with Ericsson Presence 180
Network Contracts 344
5G Commercial Agreements 166



Core Values of Telefonaktiebolaget LM Ericsson (publ) (ERIC)

Sustainability and Ethics

Ericsson's core value of sustainability and ethics drives its corporate responsibility approach in 2024.

Sustainability Metric 2024 Value
Carbon Emissions Reduction Target 50% by 2030
Renewable Energy Usage 67% of total energy consumption
Circular Economy Investment SEK 500 million

Innovation and Technology Leadership

Ericsson's commitment to technological advancement remains critical in 2024.

  • R&D Investment: SEK 45.2 billion
  • 5G Patents: 23,000+ global patents
  • AI and Machine Learning Research Teams: 1,200+ engineers

Customer Success

Customer-centric approach defines Ericsson's operational strategy.

Customer Engagement Metric 2024 Performance
Net Promoter Score 72/100
Customer Retention Rate 88.5%
Global Service Contracts 237 active contracts

Diversity and Inclusion

Ericsson prioritizes workforce diversity in 2024.

  • Women in Leadership Positions: 36%
  • Nationalities Represented: 141
  • Inclusion Index Score: 83/100

DCF model

Telefonaktiebolaget LM Ericsson (publ) (ERIC) DCF Excel Template

    5-Year Financial Model

    40+ Charts & Metrics

    DCF & Multiple Valuation

    Free Email Support


Disclaimer

All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.

We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.

All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.