STOCKHOLM, Sweden—Ericsson AB posted a fourth-quarter net loss of $332.3 million compared with a net profit of $210 million in the same period last year.
“Our strength in the market and our positive cash flow demonstrate the commitment by our employees to win new business and increase operational efficiency. We achieved our cost reduction targets in the efficiency program and will continue to improve profitability,” said Kurt Hellstrom, president and chief executive officer of the company.
