Telefon AB LM Ericsson 1Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Telefon AB LM Ericsson (ERIC) first-quarter results, based on a poll of seven analysts conducted by Dow Jones Newswires (figures in million kronor, EPS, dividend and target price in kronor, margin in percent, according to IFRS). Earnings figures are scheduled to be released April 23.

=== 
                                                  Net 
                   Net    Gross   Operating   attrib.   EPS 
1st Quarter      Sales   margin       income   income   dil. 
 
AVERAGE         50,797     34.2        3,419    2,381   0.73 
Prev. Year      52,032     32.0        2,106    1,205   0.37 
+/- in %          -2.4     +6.8          +62      +98    +98 
 
MEDIAN          50,824     34.2        3,470    2,228   0.74 
Maximum         51,910     35.0        3,858    3,198   0.98 
Minimum         49,774     33.0        2,997    1,811   0.55 
Amount (a)           7        6            6        6      7 
 
Danske Bank     51,910       --        3,858    1,811   0.55 
Deutsche Bank   50,399     34.8           --    2,823   0.87 
J.P. Morgan     49,774     35.0        2,997    1,998   0.61 
Morgan Stanley  50,240     34.0        3,053    2,056   0.64 
Natixis         50,824     33.0        3,609    2,400   0.74 
Redeye AB       50,937     34.3        3,665       --   0.75 
 
 
             Target price  Rating 
 
AVERAGE             92.00  positive 4 
Prev. Quarter       65.67  neutral  0 
+/- in %              +40  negative 1 
 
MEDIAN              91.00 
Maximum             95.00 
Minimum             90.00 
Amount               3 
 
Danske Bank            --  Sell 
Deutsche Bank       91.00  Buy 
J.P. Morgan         90.00  Overweight 
Morgan Stanley         --  Overweight 
Natixis             95.00  Buy 
=== 

Year-earlier figures are as reported by the company.

(a) Including anonymous estimates from one more analyst.

DJG/voi 

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