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Sturdy gross sales expansion and money stream


STOCKHOLM, Oct. 22, 2024 /PRNewswire/ — Saab gifts the effects for January-September 2024.

“We continue to see increasing demand as European nations need to replenish their defence stocks, which will require long-term efforts. This is reflected in our strong order intake in the third quarter. We are growing to meet this increasing demand, for example by investing in capacity, automating our production and building new plants. At the same time, we are delivering strong growth and improving our profitability,” says Micael Johansson, President and CEO, Saab.

Key highlights Q3 2024

  • Form bookings larger 41% and amounted to SEK 21,173m (14,977), pushed via robust expansion in Dynamics.
  • Natural expansion was once 17% and gross sales amounted to SEK 13,546m (11,527), with expansion from all trade subjects.
  • Working source of revenue larger 38% and amounted to SEK 1,187m (859), akin to an EBIT margin of 8.8% (7.5). 
  • Internet source of revenue larger to SEK 972m (656) and income in step with proportion amounted to SEK 1.79 (1.21).
  • Operational money stream stepped forward within the quarter and amounted to SEK 3,188m (-2,058), pushed via immense buyer bills.
  • Internet debt place was once SEK 0.5bn (-1.4) on the finish of the length.
  • The overall month 2024 outlook on natural gross sales expansion, EBIT expansion and sure operational money stream is reiterated.

Presentation of Saab’s Q3 effects 2024 

Saab’s CEO and President Micael Johansson and CFO Anna Wijkander will provide Saab’s meantime document for Q3 2024.

Time:  Tuesday 22 October at 10.00 a.m. (CET). 

You’re welcome to observe the reside webcast or dial in to the convention name. It’s conceivable to publish questions over the convention name and from the webcast web page.

Are living webcast: www.saab.com/investors/webcast/q3-2024

Registration for convention name: www.saab.com/investors/conference-call-q3

The meantime document, presentation subject material and the webcast might be to be had on www.saab.com/investors.

Contacts

Mattias Rådström
Head of Media Members of the family 
+46 (0)734 180 018
[email protected]

Merton Kaplan
Head of Investor Members of the family
+46 (0)734 182 071
[email protected]

Saab is a prominent defence and safety corporate with a long lasting venture, to support international locations stock their family and community safeguard. Empowered via its 22,000 proficient family, Saab repeatedly pushes the bounds of generation to assemble a more secure and extra sustainable international. Saab designs, manufactures and maintains complicated methods in aeronautics, guns, command and keep watch over, sensors and underwater methods. Saab is headquartered in Sweden. It has main operations everywhere the arena and is a part of the home defence capacity of a number of international locations. 

The guidelines is such that Saab AB is obliged to create nation pursuant to the EU Marketplace Abuse Legislation. The guidelines was once submitted for e-newsletter, throughout the company of the touch individuals put forth above, on 22 October 2024 at 07.30 (CET).

This data was once dropped at you via Cision http://news.cision.com

https://news.cision.com/saab/r/saab-q3-2024-results-strong-sales-growth-and-cash-flow,c4053834

Refer to information are to be had for obtain:

SOURCE Saab

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