Ericsson is taking action to accelerate profitability in Cloud Software and Services
Ericsson is continuing to execute on its revised strategy in segment Cloud Software and Services. As outlined at the recent Capital Markets Day, key priorities include limiting subscale software development, accelerating automation to lower deployment and maintenance efforts and changing focus from market share gains to profitable business.
With the revised Cloud Software and Services strategy, Ericsson is laying the foundation to turn the segment around. The target is to reach break-even in full-year 2023 on EBIT/EBITA level with gradual improvements towards long-term attractive profitability.
Following a portfolio and customer contract review, the Company has decided to exit certain subscale agreements and product offerings, with a one-off negative impact on EBIT of SEK -0.8 b. in Q4 2022, of which SEK -0.7 b. is expected to impact cash flow, mainly in 2023.
Ericsson’s Q4 and full-year 2022 results will be published January 20 at approximately 7:00 am CET.
Related News.
OL Shipping Group in Tokyo: Capt. Eberhard Koch calls for realistic solutions to Maritime Decarbonisation
An intensive and engaging couple of days in Tokyo brought together leading figures from the international maritime community, providing a valuable…
Regatta for Peace one of the largest ever in Cyprus
Cyprus will host the first European stop on a global sailing journey leading up to the 2027 America’s Cup in Naples. More than 120 sailors…
The propulsion technology powering the marine energy transition
The marine industry is under increasing pressure to future-proof fleets, balancing the need to reduce emissions and improve efficiency. Propulsion…
Signal Ocean acquires Lgmar
Signal Ocean announced the acquisition of Lgmar, the Athens-based company behind Telix, a maritime email and communication platform in daily use…
Canada clean power push challenged by interprovincial grid limits, says GlobalData
Canada is entering a pivotal phase of power-sector expansion as federal tax credits, the phase-out of coal-fired generation, and accelerating…
Maritime safety depends on human factors and leadership, not procedures alone
Interim survey findings point to a gap between seafarers’ perceptions of risk and injury data Seafarers may misjudge when and where they are most at…
New BIMCO contracts tackle ship recycling and energy-saving retrofits
BIMCO adopted two new contractual solutions designed to help you manage important operational and regulatory challenges: the revised…
Stena Line to acquire vessel and make changes to its network
Stena Line has reached an agreement to acquire the RoRo vessel Somerset from CLdN. Subject to closure and transfer, the vessel would begin operating…
DORIC WEEKLY INSIGHT 16 OCTOBER 2026
Please find below the DORIC Market Insight for the week ending 16th October 2026. Weekly Report 16.10.2026
Important information for port clients and freight carriers effective November 1, a new traffic overpass and port checkpoint will open for traffic to the Port of Riga on Kundziņsala
Starting November 1 of this year, a new traffic overpass connecting Tvaika Street to Kundziņsala will open to facilitate traffic to and from the Port…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
