Ericsson, the Swedish telecoms equipment firm which is facing bribery investigations, reported a rise in second-quarter core earnings on Thursday but missed expectations as margins were hit by increased component and logistics costs.
Rising inflation, a chip shortage and Russia's invasion of Ukraine drove up costs and pushed down the firm's gross margin to 42.1% from 43.4%. It was also hit by patent disputes, including one with Apple, that cut its high-margin royalty revenue by 0.9 billion Swedish crowns ($85 million), Reuters reported.
