Ericsson's President and CEO, Borje Ekholm, said on Tuesday that the company "expects the macroeconomic uncertainty to persist into 2024."
Moreover, according to the CEO, "the mobile networks market has been flattish for two decades, but with cyclicality," adding that the firm expects a continuation of that situation. "While near-term dynamics are uncertain, we are convinced that the recovery will come," he concluded.
Ekholm's remarks come as the company presents its financial report for the third fiscal quarter of 2023, with net sales down by 5% to SEK 64.5 billion.
