Telefonaktiebolaget LM Ericsson GAAP EPS of SEK1.24, revenue of SEK55.03B; initiates Q2 outlook

• Telefonaktiebolaget LM Ericsson press release (NASDAQ:ERIC): Q1 GAAP EPS of SEK 1.24.
• Revenue of SEK 55.03B (+3.2% Y/Y). Organic sales were stable Y/Y.
• Adjusted gross margin was 48.5% (42.7% last year).
• Adjusted EBITA was SEK 6.9B, with a 12.6% margin.
• Free cash flow before M&A