Ericsson keeps vacuuming up its own shares

Buybacks, but make it Swedish

Ericsson spent the first week of May buying back its own Class B shares, scooping up 2.65 million shares for about SEK 292 million. The prices ranged from roughly SEK 108 to SEK 111 a share, which is a very corporate way of saying: the company was back in the market, shopping for itself.

Why you should care

Share repurchases can be a nice little tailwind for shareholders because they can reduce the number of shares outstanding. Fewer shares in the pie can mean each remaining slice gets a bit bigger — especially if management eventually cancels the repurchased stock, which Ericsson says the board plans to propose at the 2027 annual meeting.

This is part of a much bigger buyback machine

This wasn’t a random one-off. Ericsson said the repurchases are part of a buyback program worth up to SEK 15 billion that runs from April 23, 2026 through March 31st, 2027 at the latest.

Big picture: buybacks don’t fix everything, but they do tell you management thinks the stock is worth backing up the truck for — or at least backing up a fairly expensive Swedish sedan.