Ericsson released its first quarter report on April 16th, with net sales of 53.33 billion Swedish kroner in the first quarter, a year-on-year decrease of 15%, and an estimated 54.83 billion Swedish kroner; The EBITA for the first quarter was 4.893 billion Swedish kroner, a year-on-year increase of 27%. Ericsson's operating profit margin after adjusting its network business in the first quarter was 12.6%, compared to 39.8% in the same period last year.