On April 1, 1876, Lars Magnus Ericsson and Carl Johan Andersson started the company "L. M. Ericsson & Co Mekanisk Werkstad".

Sales: SEK 5,228.37, of which profits amounted to SEK 298.29.

Number of employees during the year: 5 – Lars Magnus Ericsson himself, co-owner Carl Johan Andersson, Fredrik Brunskog, apprentice Ernst Valfrid Andersson and errand boy Gabriel Bildsten.