Ericsson net sales worldwide 2011-2023

In 2023, Ericsson's net sales worldwide amounted to just over 26 billion U.S. dollars, representing a rise of nearly one billion U.S. dollars compared to the previous year.

Ericsson overview

Ericsson is a multinational company offering telecommunications services and manufactures and sells telecommunications infrastructure and equipment. The company began as a telegraph repair shop in 1876 founded by Lars Magnus Ericsson before starting to produce its own telephone equipment. Today, the company is headquartered in Stockholm, Sweden, and has grown to become one of the world’s leading network service providers and top-ranking telecom infrastructure companies.

Ericsson’s business segments

Ericsson operates across a variety of segments: ‘Networks’, ‘Digital Services’, ‘Managed Services’, and ‘Emerging Business and Other’. The company’s Networks segment looks to develop, deliver, and manage telecommunication networks by providing a range of hardware, software, and services. Ericsson’s Digital Services segment is a software-led business that seeks to support customers as they move to a cloud-native environment and transition to 5G.

Ericsson's net sales worldwide from 2011 to 2023 (in billion U.S. dollars)

Characteristic	Net sales in billion U.S. dollars
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Release date

March 2024

More information

Region

Worldwide

Survey time period

2011 to 2023

Supplementary notes

Ericsson's fiscal years end on December 31.

Values have been converted from SEK to USD. As of December 31, 2023, the exchange rate was 1 SEK = 0.0991 USD. Previous figures to 2023 were taken from previous reports and converted to USD based on the exchange rate at the end of the respective fiscal year.

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