Ericsson (ERIC) Q4 FY25 earnings call

A resilient-Ericsson story finally landing in the P&L: a ninth straight quarter of YoY EBITA-margin expansion met a return to organic growth, with new bets — mission-critical, 5G core, enterprise/APIs — offsetting a flattish RAN market. Management frames physical-AI 'hyper-connectivity' as the next demand wave and pairs technology-leadership R&D with stepped-up capital return and continued cost and headcount discipline. All figures reported in SEK.