Sweden · Delayed Price · Currency is SEK Saab AB Earnings Call Transcripts
Fiscal Year 2026
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Record order backlog and strong organic growth driven by major contracts in Poland, Ukraine, Canada, and NATO. Profitability and margins improved, with significant investments in capacity, R&D, and sustainability. Supply chain resilience remains a key focus.
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Strong organic growth of 23.6% and robust profitability marked the quarter, with all business areas delivering double-digit sales increases and a record order backlog. Investments in capacity and sustainability continue, supporting a positive outlook and medium-term targets.
Fiscal Year 2025
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Achieved record sales, EBIT, and order intake in 2025, with 25% organic growth and a SEK 275 billion backlog. Upgraded medium-term growth targets to 22% annually, supported by major contract wins and ongoing capacity expansion.
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Record Q3 sales and EBIT, with order backlog at SEK 202 billion and strong growth across all segments. 2025 guidance raised to 20%-24% organic sales growth, supported by robust demand, major capacity investments, and a solid financial position.
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Q2 saw record sales and order intake, with all segments contributing to 30%+ growth and a raised full-year guidance to 16%-20%. Strong demand, especially in Dynamics and Surveillance, and robust backlog support a positive outlook, despite ongoing investment and cash flow volatility.
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European defense spending is accelerating, driving strong long-term growth, capacity expansion, and innovation in advanced systems and automation. Investments in R&D, digital transformation, and supply chain resilience support a robust order backlog and margin expansion, with a focus on sustainability and evolving customer needs.
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Q1 saw record sales, strong order intake, and growth across all business areas, with profitability and cash flow improving year-over-year. The order backlog reached SEK 189 billion, and the outlook for 2024 is reaffirmed with 12%-16% organic sales growth expected.
Fiscal Year 2024
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Full-year results showed 23.4% organic sales growth, 33% EBIT growth, and a 24% increase in order intake, with a strong international backlog and robust cash flow. 2025 guidance targets 12%-16% sales growth and higher EBIT growth, supported by ongoing investments and new technologies.
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Order intake surged over 40% year-over-year, with record backlog and strong international demand, especially in Dynamics and Surveillance. EBIT and EPS grew sharply, cash flow was robust, and capacity expansion continues to support future growth.
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Order intake reached near-record highs, with strong international demand and a record SEK 183 billion backlog. Sales and EBIT grew over 20% year-over-year, driven by Dynamics and Kockums, while cash flow is set to turn positive in H2. Margin improvement and capacity expansion remain key priorities.