Ericsson expects flat growth in the mobile networks market for the foreseeable future, and told its recent Capital Markets Day that it will aim for the lower end of its range in terms of targeted EBITDA margins by 2024. Even that goal will require further cost-cutting moves, to reduce cost by about $1bn next year. CFO Carl Mellander said: “Our expected continued strong business performance, in combination with measures to offset external headwind, puts Ericsson on track to reach the lower end of our long-term EBITA margin target range by 2024.” This will disappoint some investors, which have penalized Ericsson for disappointing margins in some of its recent quarters. The Swedish firm has established clear leadership in its core RAN…