Business results of Ericsson Nikola Tesla Group in Q1 2017Gordana Kovačević, President of Ericsson Nikola Tesla, comments: “In Q1 2017, sales revenue of Ericsson Nikola Tesla Groups increased by 9% year-over-year due to continuous revenue growth in services for Ericsson and a significant growth in revenue in the domestic market. This neutralized the decline in revenue in CIS markets and the markets of South East Europe. We have kept the position of the largest Croatian ICT exporter and the largest exporter of knowledge. In line with our expectations, Ericsson market records a positive trend, primarily due to expanding responsibilities as well as competences of our experts in new technological areas.”
Pursuant to the Company Law, Art. 277, sections 2 and 3, the Managing Director of the joint stock company Ericsson Nikola Tesla, Zagreb, Krapinska 45, on April 24, 2017 passed the decision on convocation of the Annual General Meeting, to be held at the registered office of the Company in Zagreb, Krapinska 45, on June 6, 2017 at 4 p.m.
Categories: Business Results
Comments from Börje Ekholm, President and CEO of Ericsson: „Our performance in the first quarter continued to be unsatisfactory. Segment Networks delivered a solid result despite lower sales, while losses in segments IT & Cloud and Media increased significantly. In the quarter a more focused business strategy and a new Executive Team were announced. The immediate priority is to improve profitability while also taking action to revitalize technology and market leadership.“
Mirsad Zaimović, general director at BH Telecom, and Gordana Kovačević, president of Ericsson Nikola Tesla, have signed new contracts. The subject of the contracts is the modernization of a part of the core network related to fixed telephony, as well as of radio access network. The contracts are worth MHRK 11.
Ericsson Nikola Tesla is the first company in Croatia to be awarded the European “cycle-friendly” certificate, whereby it joined the new initiative by socially responsible companies in Europe, sharing a common goal of reducing greenhouse gas emissions, along with a positive impact on the health of their employees.