Saab delivers strong Q2 2025 results with high growth and strengthened market position

Order intake for the quarter was SEK 28,403 million, supported by a significant rise in small and medium-sized orders. All business segments contributed to the growth, with the Dynamics business area showing particularly strong performance, reporting a 73% increase in sales.

EBITDA rose to SEK 2,831 million from SEK 1,961 million, reflecting a margin improvement to 14.3% compared with 12.9% a year earlier. EBIT also increased by 49%, reaching SEK 1,977 million, with a 10.0% margin, boosted by a SEK 105 million non-recurring contribution from the minority portfolio.

Net income climbed to SEK 1,536 million, compared to SEK 1,012 million in Q2 2024, while earnings per share rose to SEK 2.83 from SEK 1.85, marking a 53% increase. Operational cash flow remained negative at SEK -1,136 million, largely due to continued investment in capacity expansion.

Saab’s net liquidity improved significantly to SEK 690 million, up from a negative SEK -2,354 million at the end of the corresponding period last year. The company maintains a confident outlook, now forecasting organic sales growth between 16–20% for 2025, an increase from its previous estimate of 12–16%.

“We are strengthening our market position and see a continued large interest in our products and solutions,” said Micael Johansson, President and CEO of Saab. “Saab’s sales growth is high and we continue to invest to build capacity and meet long-term strong demand from the defence sector. At the same time, we continue to deliver strong profitability.”