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Story summary
- Ericsson reported third-quarter operating profit of 10.1 billion crowns.
- Profit fell from 15.8 billion crowns a year earlier but beat the 7.87 billion crown forecast.
- Adjusted EBITA margin narrowed to 17% from 28.1% yet exceeded the 14.2% consensus estimate.
- Organic sales rose 7% to 59.5 billion crowns, surpassing the 55.4 billion crown forecast.
- CEO Per Narvinger warned rising component costs will pressure margins.