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Ericsson announces impairment charge of SEK 32 billion and provides update on Q3 earnings

PR Newswire - Wed Oct 11, 2023

STOCKHOLM, Oct. 11, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that, in accordance with IFRS accounting requirements, it will record a non-cash impairment charge of SEK 32 billion in the third quarter of 2023. The impairment charge represents 50% of the total amount of goodwill and other intangible assets attributed to Vonage. The impairment will be reported in segment Enterprise as an item affecting comparability.

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