“Growing customer demand is reflected in several significant contracts, including Gripen for Ukraine, GlobalEye and an order linked to Germany's new frigates,” CEO Micael Johansson says in a comment in the interim report.
“At the same time, we continue to invest in future capabilities and expand our production capacity,” he adds.
Saab made an operating profit of SEK 1.9 billion in the third quarter, in line with expectations. In the corresponding quarter last year, the company made an operating profit of SEK 1.4 billion.
Revenue rose slightly more than expected to SEK 20.6 billion, from SEK 15.9 billion in the corresponding quarter last year.
Order intake more than tripled to SEK 65.8 billion, up from SEK 20.9 billion. The order backlog now stands at SEK 364.2 billion, up 80 percent compared with last year.
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