Sony Ericsson reports first quarter 2011 results - Seite 2

of Euro 3 million year-on-year and a decrease of Euro 20 million sequentially,
with the impact of lower sales offset by higher gross margin percentage and
lower operating expenses.

Net income for the quarter was Euro 11 million, a decrease of Euro 10 million
compared to the same period previous year which included a tax benefit. Net
income increased Euro 3 million sequentially, despite a decline in income before
taxes of Euro 20 million, reflective of a lower effective tax rate.

Cash flow from operating activities during the quarter was negative Euro 353
million, mainly due to inventory investments, non cash items in the income
statement and seasonality. New external borrowings of Euro 375 million were made
during the quarter to enhance liquidity and growth, resulting in total
borrowings of Euro 604 million at the end of the quarter. Total cash balances at
March 31, 2011 amounted to Euro 599 million.

Sony Ericsson estimates that its market share for smartphones during the quarter
was approximately 5% in units and approximately 3% in value.

Sony Ericsson forecasts modest growth in total units in the global handset
market for 2011.

The liquid identity is a registered trademark of Sony Ericsson Mobile
Communications AB. Xperia(TM) is a trademark of Sony Ericsson Mobile
Communications AB. Sony is a registered trademark of Sony Corporation. Ericsson
is a registered trademark of Telefonaktiebolaget LM Ericsson. Any rights not
expressly granted herein are reserved and subject to change without prior
notice.

EDITOR´S NOTES:

Financial statements:
Consolidated income statement
Consolidated income statement - isolated quarters
Consolidated balance sheet
Consolidated statement of cash flows
Consolidated statement of cash flows - isolated quarters
Net sales by market area by quarter

About Sony Ericsson
Sony Ericsson celebrates its 10th year as a joint venture between Sony
Corporation and Ericsson in October, 2011. Over the years Sony Ericsson has
brought together the best communication technologies with superior entertainment
user experiences to create its Xperia(TM) line of the ´most entertaining
smartphones´ in the mobile handset industry. With its global corporate functions
in London, Sony Ericsson has sales and marketing operations in all major regions
of the world, as well as manufacturing in China, and product development sites
in China, Japan, Sweden and Silicon Valley, California. For more information,
please visit:www.sonyericsson.com/press.

- ENDS -

CONTACTS:

Ericsson investor relations
Susanne Andersson (Stockholm) [phone]