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A good balance sheet result 1973 Ericsson Group order bookings rose in 1973 by 39.9 percent to US $ 1,559.1 million from 1.1 14.3 million in 1972. Markets outside Sweden accounted for 86.8 percent of the bookings. The order backlog at the year-end was US $ 1,493.4 million (1.071.4 million at year-end 1972.) Group sales increased by 21.4 percent to US $ 1,145.6 million as against 943.8 a year earlier. Sales outside Sweden accounted for US $ 940.2 million (765.2 million) or 82.1 (81.1 percent). Income before special adjustments and taxes was US $ 194.2 million (118.9 million) equal to 17.0 percent of sales (12.6 percent). The reported net income in 1973 was US $ 61.5 million (39.6 million). Consolidated income statement (Mill, of dollars) 1973 1972 Selling, administrative, research and development expenses Depreciation Interest Income before special adjustments and taxes Special adjustments Transfer to reserve for accounts receivable and investments outside Sweden, net Transfer to (from) special inventory reserve Transfer to reserves for future investments Income before taxes Taxes on income Minority interest Net income Adjusted net income Adjusted net income per share US $ Adjusted net income represents net income increased by special adjustments and reduced by the income taxes which would have been paid if the adjustments had not been made. In the adjustment of the net income the minority interest has Production technicians from L M Ericsson factories in various countries gathered in February I March on a six-week course on production mechanization at the head factory in Stockholm. The aim of the course was to give participants a more profound and up-to-date knowledge within the sphere of industrial automation. Classroom instruction alternated with visits of study to most of the Swedish production units of the Ericsson Group. The author of all compendia and head instructor was Oskar More. LM Ericsson (left in the photograph). On his right is seen Joe Young, L M Ericsson Pty, Australia: Michele Bartoletti and Michael Jones from FATME. Italy; Waldir Alves Pereira, Ericsson do Brasil; Blackery Graham, LM Ericsson Pty, Australia; and Hakan Ledin, LME, Stockholm, who is showing the participants a model of L M Ericsson's main plant in Stockholm. 30 been included where relevant. The calculated depreciations accord closely with the booked depreciations. Capital expenditures for property plant and equipment totalled US $ 86 million in 1973 (81.5 million). The number of employees at the yearend was 75,630 (70,650). of whom 28,560 (27,400) in Sweden. Unappropriated earnings of the parent company at December 31, 1973 amounted to US dollars 57.8 million. The Board of Directors propose a dividend of Swedish Kronor 5: 50 per share (5.00 on the capital as increased in 1973). All amounts are expressed in US dollars using the rate of Swedish Kronor 4.55 to 1 US dollar. Consolidated and Parent Company figures are subject to audit. The Annual Meeting of Shareholders to consider the Board's proposal was held in Stockholm on May 28, 1974. CTT converts without interruption of traffic On the Lisbon—Oporto route a conversion has recently taken place of a 960 to a 2,700 channel system without any interruption of traffic in the course of the work. Portugal's two largest cities, Lisbon and Oporto, have for a long time been linked by 6-pair coaxial cable and the traffic has earlier been transmitted by means of two vacuum tube 4 MHz line equipments. To meet the increased traffic requirement between the two cities, the Portuguese telephone administration, CTT, plans to replace the older 4 MHz equipments by 12 MHz equipment on the existing coaxial cable. For the implementation of these plans CTT placed an order with L M Ericsson for the delivery and installation of a 12 MHz system which in the first stage will replace one of the 4 MHz systems. For the 375 km coaxial cable it was necessary to insert some fifty intermediate repeaters and to install new equipment in as many existing station buildings. 500 selector jubilee The first automatic exchange in Stockholm, Norra Vasa, celebrated its 50-year jubilee on January 13. It was on January 13, 1924, that the exchange was opened for public traffic and L M Ericsson's 500 selector system (AGF) thereby made its debut in Sweden. The world premiere for the system had been in Rotterdam in May of the previous year (Ericsson Review 2/73). More than 2 million subscribers in Sweden are connected to 500 selector exchanges constructed by L M Ericsson. Since 1923 the company has delivered 500 selector systems serving more than 5 million subscribers throughout the world.
Joint telecommunications venture in UK Thorn Electrical Industries Ltd and L M Ericsson have established a joint British company in order to uphold the interests of Thorn and L IVI Ericsson on the rapidly growing telecommunications market in the UK. The new company, Thorn-Ericsson Telecommunications Ltd., is capitalized initially at £ 1 million with Thorn holding 51 per cent and L M Ericsson 49 per cent of the equity. Thorn Ericsson Telecommunications Ltd (TEL) owns the shares in Swedish Ericsson Telecommunications Ltd, earlier one of L M Ericsson's subsidiaries in the Mr G. J. Strowger (left), Managing Director of Thorn Electrical Industries Ltd, and Bjorn Lundvall, President of L M Ericsson, sign an agreement for the formation of a joint company, Thorn-Ericsson Telecommunications Ltd. UK, and a production company Thorn- Ericsson Telecommunications (Mfg) Ltd. TEL is responsible for the direction and supervision of the two companies and also for certain common functions such as administration, financing and coordination of sales efforts to the British Post Office Corporation. Swedish Ericsson will continue its successful penetration of the UK private market, while Thorn-Ericsson Telecommunications (Mfg) Ltd will be responsible for product development and manufacture within the scope of the venture. The chairman of the Board of Thorn Ericsson Telecommunications Ltd is Mr G. J. Strowger (Managing Director of Thorn Electrical Industries), and the deputy chairman Fred Sundkvist (Executive Vice President of L M Ericsson). The Board consists of four other members, two from Thorn and two from L M Ericsson. The General Manager is Mr. E. T. Stephens, who remains Managing Director of Swedish Ericsson Telecommunications Ltd and Thorn Ericsson Telecommunications (Mfg) Ltd. President of Mexico opens new LM Ericsson factory Teleindustria Ericsson's factory for telecommunications equipment has been opened by the President of Mexico, Luis Echeverria Alvarez, at Tlalnepantla outside Mexico City. More than US $ 8 mil lion has been invested in the factory hitherto. Present at the opening ceremony were also the Ministers of Industry and Education, the Governors of the three Mexican From the opening ceremony at Teleindustria Ericsson's factory at Tlalnepantla outside Mexico City: The President of Mexico, Luis Echeverria Alvarez (centre) and the Governor of the Federal State of Mexico, Prof. Carlos Hank Gonzales (right) are shown round the factory by the President of Teleindustria, Nils Kjellander. Saudi Arabia orders worth $ 15 m. L M Ericsson have received three orders totalling over $ 15 million from Saudi Arabia. One of the orders signed with the Saudi Arabian Ministry of Communications covers switching equipment, telephone instruments and line equipment valued at about $ 6.5 million. This equipment is to be delivered within the next two years. It will be used for extensions of existing installations and for new installations in nine cities in the country. Another order from the Ministry of Communications is an extension, worth around $4 million, of the $ 17 million order received by L M Ericsson from Saudi Arabia a year ago. At the same time L M Ericsson in partnership with the British cable manufacturer BICC has been awarded a substantial order for telephone cable from Saudi Arabia. Ericsson's share of this order is approximately $ 4.5 million. The cable ordered is to be delivered within the next 18 months. Federal States, the Mayor of Tlalnepantla, and a large number of prominent Mexicans. Sweden was represented by, among others, Dr Marcus Wallenberg and the President of the Group. Bjorn Lundvall. In conjunction with the opening ceremony L M Ericsson made a donatiton of 1 million pesos (c. US $ 80,000) for educational purposes. Dr Wallenberg, in his opening address, spoke of the great significance which the transfer of technical and production know-how through a company such as Teleindustria has for the development of a country like Mexico. This transfer of know-how, stated Dr Wallenberg, has a great significance not only for the company's customers and employees but also for its native subcontractors. L M Ericsson have been active in Mexico for nearly 70 years. The new plant, which employs 1,700 persons, accommodates not only factory buildings, but also office, laboratories and a training centre for Latin American telecommunications technicians. The total floor area is around 35,000 m-. As a result of the rapid expansion of the company the new premises are already too small and an extension ot 14,000 m- has been started upon. This involves an investment of around US $ 2.5 million and is expected to be completed by the end of this year. 31
Page 1: ERICSSON REVIEW 1 1974 ELECTRONIC T
Page 5 and 6: ERICSSON REVIEW NUMBER 1 1974 • V
Page 7 and 8: Fig. 1 LC oscillator, circuit diagr
Page 9 and 10: Fig. 4 RC oscillator, circuit diagr
Page 11 and 12: Fig. 7 Decadic electronic pushbutto
Page 13 and 14: Fig. 11 Electronic speech circuit,
Page 15 and 16: Fig. 15 (left) Frequency response,
Page 17 and 18: Coaxial Cable Systems: Operational
Page 19 and 20: Fig. 2 Pilot regulation. 12435 kHz
Page 21 and 22: Fiftieth Anniversary of Ericsson Re
Page 23 and 24: Fire-Alarm Installation in the Sama
Page 25 and 26: Fig. 5 Noise as a function of the l
Page 27 and 28: Fig. 7 Relative route construction
Page 29 and 30: Automatic Transmission Measuring Eq
Page 31 and 32: Fig. 3 ATME 2, block schematic. Dir
Page 33 and 34: 600 ohms and the absolute value of
Page 35 and 36: uring signal received from the circ
Page 37: WORLDWIDE NEWS Worldwide expansion
Page 41 and 42: The Ericsson Group With associated

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