Ericsson statistics at a glance
Ericsson’s 2024 numbers show a company balancing scale, profitability, capital intensity, and a large global workforce. The clearest story is not one figure in isolation, but how the operating, financial, and sustainability metrics line up across the year (Ericsson Annual Report 2024; Ericsson Sustainability and Corporate Responsibility Report 2024).
Fast facts
- 2024 net sales were
SEK 247.9 billion(Ericsson Annual Report 2024). - Adjusted gross income reached
SEK 107.3 billion(Ericsson Annual Report 2024). - Adjusted EBITA came in at
SEK 26.0 billionwith a10.5%margin (Ericsson Annual Report 2024). - Operating income was
SEK 21.3 billionand operating margin was8.6%(Ericsson Annual Report 2024). - Net income was
SEK 8.7 billion, and diluted EPS wasSEK 2.55(Ericsson Annual Report 2024). - Ericsson ended 2024 with
94,236employees worldwide (Ericsson Annual Report 2024). - Total energy consumption in own operations was
751,871 MWhin 2024 (Ericsson Sustainability and Corporate Responsibility Report 2024).
Contents
- Revenue and margin picture
- Profitability and cash generation
- Balance sheet and capital structure
- Workforce statistics
- Research, investment, and operating intensity
- Energy and sustainability metrics
- What the 2024 statistics emphasize
Revenue and margin picture
Ericsson’s 2024 sales base was large enough to support a detailed view of scale and efficiency.
The company reported SEK 247.9 billion in 2024 net sales, alongside SEK 263.4 billion in 2023 net sales as stated in the same annual report (Ericsson Annual Report 2024).
That sales level matters because Ericsson also reported meaningful margin data alongside it.
The company’s adjusted gross income was SEK 107.3 billion, while adjusted gross margin was 43.3% and reported gross margin was 42.9% (Ericsson Annual Report 2024).
A practical way to read those figures is that Ericsson preserved a substantial gross profit base even as the company operated in a business where scale and cost discipline both matter. The 2024 statistics suggest a company that can still convert a large share of sales into gross profit before operating costs are layered in (Ericsson Annual Report 2024).
| Metric | 2024 figure | Source label |
|---|---|---|
| Net sales | SEK 247.9 billion | Ericsson Annual Report 2024 |
| 2023 net sales | SEK 263.4 billion | Ericsson Annual Report 2024 |
| Adjusted gross income | SEK 107.3 billion | Ericsson Annual Report 2024 |
| Adjusted gross margin | 43.3% | Ericsson Annual Report 2024 |
| Reported gross margin | 42.9% | Ericsson Annual Report 2024 |
Profitability and cash generation
Once the gross line is established, the more revealing story is how much profit survives after operating costs.
Ericsson reported SEK 26.0 billion in adjusted EBITA and a 10.5% adjusted EBITA margin in 2024 (Ericsson Annual Report 2024).
It also reported SEK 21.3 billion in operating income and an 8.6% operating margin for the year (Ericsson Annual Report 2024).
Those margins are worth reading together rather than separately. Adjusted EBITA highlights underlying operating performance, while operating income captures the more traditional bottom line before tax and financing effects. The spread between the two numbers gives a sense of the additional charges and non-adjusted items that continue to matter in the reported results (Ericsson Annual Report 2024).
Net income landed at SEK 8.7 billion, and diluted EPS was SEK 2.55 (Ericsson Annual Report 2024).
That is a smaller figure than the operating profit line, which is normal for a global company with multiple layers of costs and obligations below operating income.
The relationship between operating income and net income is a useful reminder that headline profitability and shareholder earnings can differ materially in a single year (Ericsson Annual Report 2024).
Cash generation also looked solid on a standalone basis.
Free cash flow before M&A was SEK 19.0 billion in 2024, which is an important anchor because cash flow is often more flexible than accounting profit when judging financial resilience (Ericsson Annual Report 2024).
In other words, the company did not just report profit, it also produced a meaningful cash surplus before acquisitions and related transactions.
Profitability snapshot
- Adjusted EBITA:
SEK 26.0 billion(Ericsson Annual Report 2024). - Adjusted EBITA margin:
10.5%(Ericsson Annual Report 2024). - Operating income:
SEK 21.3 billion(Ericsson Annual Report 2024). - Operating margin:
8.6%(Ericsson Annual Report 2024). - Net income:
SEK 8.7 billion(Ericsson Annual Report 2024). - Diluted EPS:
SEK 2.55(Ericsson Annual Report 2024). - Free cash flow before M&A:
SEK 19.0 billion(Ericsson Annual Report 2024).
Balance sheet and capital structure
Ericsson ended 2024 with SEK 38.5 billion in cash and cash equivalents (Ericsson Annual Report 2024).
That cash position matters because it is one of the quickest ways to measure operating flexibility at year-end.
The balance sheet itself was sizable.
Total assets were SEK 306.1 billion, equity was SEK 57.1 billion, and total liabilities were SEK 249.0 billion at year-end 2024 (Ericsson Annual Report 2024).
Those figures show a business with a substantial asset base and a much larger liability stack than equity, which is common in capital-intensive international operations but still worth tracking closely (Ericsson Annual Report 2024).
A simple comparison table makes the structure easier to scan.
| Balance sheet item | 2024 figure | Source label |
|---|---|---|
| Cash and cash equivalents | SEK 38.5 billion | Ericsson Annual Report 2024 |
| Total assets | SEK 306.1 billion | Ericsson Annual Report 2024 |
| Equity | SEK 57.1 billion | Ericsson Annual Report 2024 |
| Total liabilities | SEK 249.0 billion | Ericsson Annual Report 2024 |
The combination of SEK 38.5 billion in cash and SEK 19.0 billion in free cash flow before M&A gives a useful lens on short-term liquidity and annual cash creation together (Ericsson Annual Report 2024).
The balance sheet statistics do not stand alone; they work best when read alongside profit and cash flow because each reveals a different layer of financial strength (Ericsson Annual Report 2024).
Workforce statistics
Ericsson’s workforce numbers are large enough to matter on their own and even more meaningful when broken down by geography and employment type.
The company had 94,236 employees at year-end 2024, including 93,897 permanent employees, 339 temporary employees, 93,369 full-time employees, and 867 part-time employees (Ericsson Annual Report 2024).
That workforce profile shows a labor base that is overwhelmingly permanent and full-time. The scale of permanent staffing also helps explain why remuneration and organizational structure are such major parts of the annual report (Ericsson Annual Report 2024).
Workforce breakdown
| Category | 2024 figure | Source label |
|---|---|---|
| Total employees | 94,236 | Ericsson Annual Report 2024 |
| Permanent employees | 93,897 | Ericsson Annual Report 2024 |
| Temporary employees | 339 | Ericsson Annual Report 2024 |
| Full-time employees | 93,369 | Ericsson Annual Report 2024 |
| Part-time employees | 867 | Ericsson Annual Report 2024 |
Geographically, the company’s staffing footprint was also broad.
Ericsson employed 22,279 people in India, 13,420 in Sweden, 8,136 in China, and 50,401 in other countries in 2024 (Ericsson Annual Report 2024).
That mix shows how globally distributed the organization is and how much of its workforce sits outside the largest named hubs in the statistics provided (Ericsson Annual Report 2024).
The company also reported 68,965 male permanent employees and 24,825 female permanent employees in 2024 (Ericsson Annual Report 2024).
That is a useful breakdown when reading the organization’s workforce composition, though the statistic set itself should be read as a reported headcount distribution rather than an interpretation of roles or seniority (Ericsson Annual Report 2024).
Mobility and leadership
Employee movement was significant in 2024.
Ericsson said 11,919 employees left the company, and its overall turnover rate was 12% (Ericsson Annual Report 2024).
It also hired 6,203 employees, with a hiring rate of 6% (Ericsson Annual Report 2024).
The ratios show that hiring and turnover are both material operating realities for a business of this size. A company with more than 94,000 employees needs continuous replenishment, internal movement, and management depth to keep execution stable (Ericsson Annual Report 2024).
Ericsson also reported 175 people in top management and 7,367 line managers in 2024 (Ericsson Annual Report 2024).
Those numbers matter because they show how much coordination is required to operate a global workforce at scale.
The internal mobility statistic is another useful signal.
Ericsson filled 44% of positions with internal candidates in 2024 (Ericsson Annual Report 2024).
That suggests a meaningful amount of role progression or redeployment within the organization, which can help preserve institutional knowledge while filling vacancies.
Hiring and turnover snapshot
- Employees who left the company:
11,919(Ericsson Annual Report 2024). - Overall turnover rate:
12%(Ericsson Annual Report 2024). - Employees hired:
6,203(Ericsson Annual Report 2024). - Hiring rate:
6%(Ericsson Annual Report 2024). - Internal fill rate:
44%(Ericsson Annual Report 2024). - Top management:
175people (Ericsson Annual Report 2024). - Line managers:
7,367people (Ericsson Annual Report 2024).
Research, investment, and operating intensity
Ericsson’s 2024 R&D spending was SEK 45.4 billion, and R&D spend represented 18.3% of annual sales (Ericsson Annual Report 2024).
This is one of the most revealing statistics in the dataset because it shows how much of the sales base is being reinvested into product and technology development rather than flowing directly through the income statement (Ericsson Annual Report 2024).
R&D at that scale is not a side note.
It is a structural commitment, and the 18.3% ratio indicates that innovation intensity remains a core part of the company’s operating model (Ericsson Annual Report 2024).
When that figure is read alongside SEK 247.9 billion in net sales, it shows how heavily Ericsson leans on technical development to sustain its commercial position (Ericsson Annual Report 2024).
The company also reported SEK 93.4 billion in employee remuneration expense, SEK 10.0 billion in depreciation and amortization expense, and SEK 4.0 billion in impairment, obsolescence allowances and revaluation expense in 2024 (Ericsson Annual Report 2024).
Those are not just accounting lines.
Together, they reveal how labor, asset usage, and valuation-related charges contribute to the cost structure of the business (Ericsson Annual Report 2024).
Ericsson also reported about 17,000 active direct suppliers in 2024 (Ericsson Annual Report 2024).
That supplier base highlights how much the company depends on an extensive external network to support a globally distributed operating footprint.
Operating intensity signals
- R&D expenses:
SEK 45.4 billion(Ericsson Annual Report 2024). - R&D as a share of annual sales:
18.3%(Ericsson Annual Report 2024). - Employee remuneration expense:
SEK 93.4 billion(Ericsson Annual Report 2024). - Depreciation and amortization expense:
SEK 10.0 billion(Ericsson Annual Report 2024). - Impairment, obsolescence allowances and revaluation expense:
SEK 4.0 billion(Ericsson Annual Report 2024). - Active direct suppliers: about
17,000(Ericsson Annual Report 2024).
Energy and sustainability metrics
The sustainability report adds a second operating lens: how much energy Ericsson used to run its own operations in 2024.
Total energy consumption in own operations was 751,871 MWh (Ericsson Sustainability and Corporate Responsibility Report 2024).
Of that, renewable energy consumption was 465,650 MWh, fossil energy consumption was 272,811 MWh, and nuclear energy consumption was 13,410 MWh (Ericsson Sustainability and Corporate Responsibility Report 2024).
These figures are most useful when viewed together rather than separately. They show a diversified energy mix with a substantial renewable component, while still leaving room for fossil and nuclear inputs in the total (Ericsson Sustainability and Corporate Responsibility Report 2024).
| Energy category | 2024 figure | Source label |
|---|---|---|
| Total energy consumption in own operations | 751,871 MWh | Ericsson Sustainability and Corporate Responsibility Report 2024 |
| Renewable energy consumption | 465,650 MWh | Ericsson Sustainability and Corporate Responsibility Report 2024 |
| Fossil energy consumption | 272,811 MWh | Ericsson Sustainability and Corporate Responsibility Report 2024 |
| Nuclear energy consumption | 13,410 MWh | Ericsson Sustainability and Corporate Responsibility Report 2024 |
A simple way to interpret the energy data is that Ericsson is reporting on a large operational footprint with material energy demand, and that demand is not met by a single source type (Ericsson Sustainability and Corporate Responsibility Report 2024). That makes the energy figures useful context for anyone comparing operating scale, supply-chain complexity, and sustainability reporting depth.
What the 2024 statistics emphasize
The strongest pattern in Ericsson’s 2024 statistics is the balance between scale and discipline.
The company had SEK 247.9 billion in sales, SEK 26.0 billion in adjusted EBITA, SEK 8.7 billion in net income, and SEK 19.0 billion in free cash flow before M&A, all while carrying a large workforce, heavy R&D spend, and a substantial balance sheet (Ericsson Annual Report 2024).
A few numbers stand out together:
18.3%of sales went to R&D, which is a strong signal of technical intensity (Ericsson Annual Report 2024).94,236employees shows the scale of the operating base (Ericsson Annual Report 2024).44%internal fill rate suggests meaningful internal mobility and talent reuse (Ericsson Annual Report 2024).751,871 MWhin total energy use underlines how large the operational footprint remains (Ericsson Sustainability and Corporate Responsibility Report 2024).
For readers scanning Ericsson statistics for a quick but meaningful overview, the main takeaway is straightforward. This is a company with enormous operational reach, significant reinvestment in engineering, and a reported 2024 financial profile that includes positive operating profit, positive net income, and strong cash generation before M&A (Ericsson Annual Report 2024). The statistics do not point to a simple one-line story; they point to a business that must constantly balance product development, labor scale, cost control, and operational efficiency across many markets.