Saab reports significant profit and sales increase

By Defence Industry Europe

Swedish defence company Saab has announced a remarkable 44% surge in its second-quarter operating profit, attributing the growth to a robust order intake.

Saab reported an operating profit of 1.06 billion crowns ($103.5 million), a significant rise from 738 million crowns in the same period last year.

In light of its strong performance, Saab has revised its organic sales growth guidance for the full year. The company now expects organic sales growth to range between 16% to 20% in 2023, surpassing their earlier projection of 15%.



“Our order bookings and sales continued to have a strong momentum in the second quarter. With an ambitious growth path ahead of us, meeting our customer commitments and deliveries is crucial for Saab’s success. We are currently putting relentless effort into project execution, deliveries and capacity, which in turn is driving sales growth,” says Micael Johansson, President and CEO, Saab.


Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 19,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.



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