Saab Increases Sales Outlook Amid Rising Profits from Surge in Military Expenditure
Quarterly Profit Report: Saab reported a 16% increase in third-quarter operating profit to 1.37 billion crowns, slightly below analyst expectations, driven by an 18% organic sales growth.
Increased Sales Guidance: The company raised its full-year sales growth forecast to 20-24%, reflecting strong demand amid rising military spending in Europe due to geopolitical tensions.
Strategic Partnerships: Sweden signed a long-term cooperation agreement with Ukraine for air defenses, potentially leading to the export of 100 to 150 Gripen E fighter jets, marking a significant aircraft export order for Sweden.
Market Position and Investments: CEO Micael Johansson highlighted strong market activity and demand, stating that Saab is well-positioned for growth and is increasing investments in technology and R&D despite a slight decline in order intake.
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