Saab AB Releases Q3 Results and Raises Forecast
Q3 Financial Performance: Saab AB reported a Q3 GAAP EPS of SEK 1.77 and revenue of SEK 15.87 billion, reflecting a 17.1% year-over-year increase, with strong growth in medium-sized orders and all business areas showing sales growth, particularly in Aeronautics.
Profitability Metrics: The company achieved an EBITDA of SEK 2,173 million with a margin of 13.7%, and EBIT increased by 16% to SEK 1,374 million, corresponding to a margin of 8.7%.
Upgraded Outlook: Saab upgraded its 2025 outlook for organic sales growth to 20-24%, up from the previous 16-20%, while reiterating that EBIT growth will exceed organic sales growth and operational cash flow will be positive for the full year.
Market Context: European defense stocks are rising, influenced by political support for Ukraine, and Saab is set to receive a €1.2 billion Eurofighter upgrade contract from Germany, indicating strong market positioning.
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