SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

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: 17 January 2025, 12:36

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

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.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

USA's Supreme Court to announce Tiktok decision today
1 MIN READ

USA's Supreme Court to announce Tiktok decision today

Star Chef Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

The stock market rally gains momentum again – factory shares lead the way
2 MIN READ

The stock market rally gains momentum again – factory shares lead the way

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street

Billion Fines for American Express
1 MIN READ

Billion Fines for American Express

Adviser: Trump wants to save Tiktok
3 MIN READ

Adviser: Trump wants to save Tiktok

Employers want to stop Israel blockade
1 MIN READ

Employers want to stop Israel blockade

Crisis for Vapiano – Applies for Reconstruction
1 MIN READ

Crisis for Vapiano – Applies for Reconstruction

Lagerhaus Applies for Reconstruction
1 MIN READ

Lagerhaus Applies for Reconstruction