Swedish mobile phone giant Ericsson has said it made a net profit in 2006 of €2.9 billion, up 8.2% on the previous year, thanks to acquisitions and strong sales. Turnover rose 17% in the year.
'We have concluded another successful year and see continued opportunities to outpace the market,' chief executive Henric Svanberg said in the statement.
Svanberg said the company was 'well positioned for 2007', noting that costs had risen more slowly than sales.
Ericsson said it expected growth of 4% to 6% in its main market of third generation mobile phone networks. Previously it had forecast only 'moderate' growth in this market.
