Saab reports strong organic sales growth and exceptional Q4 performance

By Defence Industry Europe

Swedish defence company Saab has announced that its full-year 2024 sales are expected to reach approximately SEK 63.8 billion, reflecting an organic growth of 23.4%. This marks a significant increase from the company’s previous forecast, which anticipated growth at the upper end of 15–20%.

 

The improved outlook stems from higher-than-expected sales in the fourth quarter, driven by exceptional project execution. Saab estimates Q4 sales at SEK 20.9 billion, representing a 29.3% organic growth compared to SEK 16.1 billion in the same period last year.

Operating income for the fourth quarter is forecast to rise to SEK 2.0 billion, up from SEK 1.4 billion in Q4 2023. The operating margin is also expected to improve, reaching 9.4%, compared to 8.8% previously.

 

 

Despite robust sales performance, operational cash flow for Q4 is projected to remain steady at SEK 3.6 billion, slightly below the SEK 3.7 billion recorded in the prior year. Saab confirmed its full-year outlook for 2024, expecting operating income growth to outpace sales growth alongside positive operational cash flow.

All figures in this update are preliminary and unaudited. The company plans to release its complete Q4 2024 report on 7 February 2025 at 07:30 CET.

 

Tags:

Related news & articles

Latest news

Featured