Ericsson is summed up in 2011 and fourth quarter

The company's sales in the fourth quarter of 2011 were stable compared to the same period last year and rose 15% in comparison with the results of the third quarter, which, in general, demonstrates the gap between the dynamics of the traditional for the fourth quarter. High rates of growth from quarter to quarter due to higher sales in the business direction of the "Global Services" at 32%, while sales in the segment "Web" have grown by only 2%. Sales growth in the business direction, "Network" was observed in North America and Russia, by operators who are investing in increasing the capacity of their networks. At the same time, Ericsson said that the capital cost of the operators are gradually declining. In 2011, the company's sales growth was stable and reached 12%, while sales at constant currencies (including currency fluctuations and hedging) increased by 19%. Despite the weak performance of joint ventures, net profit rose Ericsson 1.3 billion kronor to 12.6 billion kronor due to higher sales and restructuring. The Board of Directors has established the amount of dividends for 2011 at 2.50 billion kronor (2.25 vs. previous year), an increase of 11%. The fourth quarter proved to be quite difficult for joint ventures, as a result, both companies have announced significant losses. Last year it was announced by Sony purchase 50% stake in the joint venture Sony Ericsson. Sony Ericsson losses in the fourth quarter due to stiff competition, falling prices and restructuring costs. ST-Ericsson losses in the fourth quarter to close the third quarter.