Turnover of Ericsson Latvia down 43.5% in 2021

• Published date: 17 May 2022
• Publication title: LETA

Ericsson Latvia technologies company last year generated EUR 1.637 million in turnover, down 43.5 percent from a year ago, while the company's profit dropped 6.9 percent to EUR 36,780, according to Firmas.lv

The company's management said in its report, that turnover declined in all business sectors - revenue from digital services dropped by EUR 935,000, revenue from network services declined by EUR 258,000, and revenue from other services dropped by 51,000.

The company's biggest clients in Latvia in 2021 were Latvijas Mobilais Telefons and Tele2 mobile operators.

The company said...