* Focus on supporting customers in securing functionality of vital
telecommunication services
* Japan is a large supplier to the global market for semiconductors and other
components and it is reasonable to expect an effect on supply - too early
to say to what extent
* The situation in Japan is not expected to have material impact on Ericsson's
Q1 2011 sales
Ericsson (NASDAQ:ERIC) extends its condolences to the Japanese people in this
tragic situation and remains fully committed to supporting all our customers in
any way possible in securing that the vital mobile networks are functioning
satisfactorily.
Ericsson has to date no reports of injured or missing employees. The situation
in Japan is still developing and focus of Japanese authorities is on saving
lives and supporting affected areas.
At the same time, Ericsson is analyzing the broader effects on the
telecommunications industry and Ericsson's business.
Japan is a large supplier to the global market for semiconductors and other
components. The telecommunications industry, as well as many other industries,
source components from Japan. It is reasonable to expect that the events in
Japan will affect supply of components but it is too early to say to what
extent.
Business continuity plans and work to assess the impact on Ericsson and
mitigation activities has been ongoing since Friday March 11. Typically such
activities include supply and sourcing activities such as spot market purchases,
redirecting orders to alternative suppliers and tight collaboration with our
Japanese supplier base.
Although it is too early to get an accurate picture of how Japanese enterprises
are affected, and how this affects Ericsson and the industry, no material impact
on Ericsson's sales are expected for Q1 2011.
We will continue to closely monitor the situation in Japan to take further
action where necessary. It is however too early to draw any further conclusions
before we fully can assess the situation.
Notes to editors:
Ericsson is the world's leading provider of technology and services to telecom
operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and
provides support for networks with over 2 billion subscribers and has the
leading position in managed services. The company's portfolio comprises mobile
and fixed network infrastructure, telecom services, software, broadband and
multimedia solutions for operators, enterprises and the media industry. The Sony
Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich
personal mobile devices.
Ericsson is advancing its vision of being the "prime driver in an all-
communicating world" through innovation, technology, and sustainable business
solutions. Working in 175 countries, more than 90,000 employees generated
revenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876 with
the headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX,
Stockholm and NASDAQ New York
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:media.relations@ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:investor.relations@ericsson.com
Ericsson discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on March 16, 2011 at 07.45 CET.
[HUG#1497234]
