In a statement on Monday it said: "The claim that Ericsson has incorrectly recognized revenue in its accounts is false." "I think it's going to be a very bad report," predicted Esbjörn Lundevall, head of analysis at Swedish banking giant SEB. The newspaper, citing anonymous sources within the company, alleged that Ericsson may have presented inflated revenue figures by adding sales to its books before invoicing some clients. Ericsson is set to present its second-quarter report on Tuesday. Photo: Janerik Henriksson/TTThe Local · 18 Jul 2016, 12:30Published: 18 Jul 2016 12:30 GMT+02:00Swedish telecom giant Ericsson saw its shares plummet on Monday, after reports in a Swedish newspaper that it had exaggerated its revenue figures.

Source: The Local July 18, 2016 10:41 UTC