Overview
- The company will repurchase up to SEK 15 billion ($1.7 billion) of shares in its first buyback program.
- Adjusted Q4 EBIT reached SEK 12.26 billion versus SEK 10.09 billion expected, with net sales of SEK 69.3 billion topping forecasts.
- The annual dividend rises to SEK 3 per share from SEK 2.85.
- Shares jumped more than 11% in early Stockholm trading, leading gains on the STOXX 600.
- Management cited stronger cash generation from cost reductions and the Iconectiv divestment as the enabler.