Ericsson announces non-cash impairment charge related to Vonage
Ericsson announces a non-cash impairment charge of SEK 11.4 billion in Q2 2024, reflecting lower market growth rates in Vonage's portfolio.
Ericsson (NASDAQ:ERIC) announces that, in accordance with IFRS accounting requirements, it will record a non-cash impairment charge of SEK 11.4 billion in the second quarter of 2024, primarily reflecting lower anticipated market growth rates in Vonage's current portfolio. The Net income impact after tax will be SEK 11.4 billion and reported in segment Enterprise. Source: Press Release
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