Ericsson’s CEO, Börje Ekholm, may be on the verge of stepping down, according to EFN. However, the focus is not on his potential departure but rather on the company’s financial performance. Analysts are expecting an adjusted EBITA result of 4,947 million SEK, slightly lower than the previous year’s 5,098 million SEK. Revenue is projected to increase to 55,502 million SEK in Q1, compared to 53,325 million SEK a year ago. Analysts also anticipate an increase in adjusted gross profit to 25,453 million SEK from 22,780 million SEK in the same period last year.
On Tuesday at 07:00, the answers will be revealed, followed by a conference call at 09:00.
First Major Bank
Nordea, one of the largest banks, is the first to report on Wednesday. The net interest income is expected to be significantly lower for the first quarter compared to a year ago: 1,739 million EUR versus 1,954 million EUR. On the other hand, analysts anticipate a slight increase in fee income: 814 million EUR compared to 763 million EUR.
Analysts have adjusted their expectations for credit losses, forecasting 55 million EUR versus 33 million EUR a year ago. The bank is currently engaged in a share buyback program, so updates on that front will be of interest.
Industrial Bellwether
Sandvik serves as the bellwether for industrial companies. Analysts expect an EBITA of 5,975 million SEK, up from 5,281 million SEK a year ago. Sales and order intake are also expected to rise. Sales are projected to increase from 29,002 million SEK to 30,574 million SEK in the first quarter, while orders are expected to reach 33,689 million SEK, up from 31,981 million SEK a year ago. Organic growth was negative in Q1 2024, but analysts now anticipate a 3.84% increase. The impact of American tariffs remains a potential concern.
At lunchtime on Wednesday, automotive safety company Autoliv will report, with analysts predicting a negative organic growth of 1.45% in the first quarter. Last week, Pareto lowered its estimates for the company for the next two years by 1-6%, citing potential supply chain issues triggered by tariffs.
Sales are expected to come in at 2,504 million USD, down from 2,615 million USD a year ago.
Thursday’s Reporter
On Thursday, as the Stockholm Stock Exchange closes early for the holiday, ABB, a power and automation company, will release its report before the market goes on Easter break.
The company is expected to report slightly lower sales in the first quarter compared to the same quarter last year. Revenues are projected to be 6,802 million CHF, down from 7,178 million CHF in Q1 2024. EBITA is expected to decrease slightly to 1,206 million CHF from 1,292 million CHF in the previous year’s first quarter.
The expected order intake is 7,549 million CHF, a decrease from 8,185 million CHF in the same quarter the previous year. However, if analysts’ predictions hold true, this would represent a positive organic order growth of 2.8%, compared to a -4.0% decline in Q1 2024.
In conclusion, the upcoming earnings reports from these major companies will provide valuable insights into the current state of the economy and the impact of various factors such as tariffs and supply chain disruptions. Investors and analysts alike will be closely watching the results and guidance provided by these industry leaders.