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ERIC Telefonaktiebolaget LM Ericsson News Story

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Ericsson shares soar after Q4 adjusted profit beat, buyback programme

** Shares in Sweden's Ericsson ERICb.ST rise around 11%, to the top of STOXX 600 .STOXX, after the telecoms gear maker posted a Q4 print above market expectations, and said it plans to return 15 billion Swedish crowns ($1.66 billion) to investors through share repurchases

** It reported adjusted EBIT of 12.26 billion Swedish crowns for Q4, above the 10.09 billion Swedish crowns average forecast in an Infront poll of analysts

** Ericsson also lifted its annual dividend payout to 3 crowns per share from 2.85 crowns last year

** Peer Nokia is up about 3% in early trade, also among top performers on the pan-european STOXX 600 index

($1 = 9.0109 Swedish crowns)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thosmonreuter.com))

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