Better than expected for Saab

The defense group Saab is flagging an unexpectedly strong sales development in 2024. The Saab share initially rose sharply, by 3 percent, but quickly fell back to minus.

» Published: January 17 2025

Better than expected for Saab
Photo: Gregor Fischer AP/TT

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Saab's organic sales growth is estimated to reach 23.4 percent for the full year 2024. The previous forecast was 15-20 percent growth, the company writes in a press release.

For the fourth quarter, sales revenues are expected to be approximately 20.9 billion kronor, up from 16.1 billion.

The fourth quarter's operating result is also expected to increase, to 2.0 billion kronor, up from 1.4 billion. And the operating margin for the fourth quarter has been preliminarily estimated at 9.4 percent, compared to 8.8 percent previously.

The figures are not revised. Saab will publish a comprehensive year-end report on February 7.

Correction: In an earlier version, the wrong time period was stated for the sales revenues.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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