Ericsson Nikola Tesla Group reports 23.3% revenue growth

Ericsson Nikola Tesla Group reported a 23.3% increase in sales revenue during the first nine months of 2026, reaching €204.2 million. Operating profit rose by 11.6% to €17.9 million, while contracted business grew from €196.4 million to €231.5 million in the same period last year.

Growth was observed across all three market segments, with software engineering and services remaining the largest individual contributors. In the Telecom Solutions segment, the company continued projects for major operators in Croatia and the region, including a multi-year contract with A1 Hrvatska and network modernization for Hrvatski Telekom, as well as work for operators in Bosnia and Herzegovina, Montenegro, and Kosovo.

The Digital Society segment focused on developing and modernizing national information systems, particularly in healthcare and land administration. Additionally, the company is integrating artificial intelligence into its software development lifecycle to increase productivity and quality, while its research and development center is strengthening capabilities for 5G and future 6G networks.