Saab presents the results for January-
"Saab started 2024 by delivering increased order intake, strong sales growth and improved profitability. I am satisfied with the progress we made in the quarter on capacity-related investments and recruitments. Supported by better visibility on deliveries and timing of capacity increases, we now upgrade our outlook for the full year on organic sales growth," says
Key highlights Q1 2024
- Order bookings increased 9% and amounted to
SEK 18,495m (17,018), driven by strong growth in medium-sized orders. -
Sales amounted to
SEK 14,185m (11,485) in the quarter with an organic sales growth of 24%. All business areas andCombitech showed growth, with strong contributions from Aeronautics and Surveillance. -
EBIT increased 28% and amounted to
SEK 1,191m (928). The EBIT margin also improved to 8.4% (8.1), driven by the strong sales development. -
Net income improved to
SEK 784m (735) and the earnings per share increased toSEK 5.71 (5.45). -
Operational cash flow was
SEK -1,998m (3,072) in the quarter due to a high level of investment, increased inventory and lower customer milestone payments. -
Net liquidity position was
SEK 0.8 bn (5.3) at the end of period. - Upgraded sales outlook 2024: organic sales growth between 15-20%, compared to previous outlook of between 12-16%.
-
The AGM decided on a dividend of
SEK 6.40 (5.30) per share for the fiscal year 2023, and a 4:1 split of the Saab shares.
Presentation of Saab's results Q1 2024
Saab's CEO and President
Date: Friday 26 April at
You are welcome to watch the live webcast or dial in to the conference call. It is possible to post questions over the conference call and from the webcast page.
Live webcast: www.saab.com/investors/webcast/q1-2024.
Register for conference call: www.saab.com/investors/conference-call-Q1.
The interim report, presentation material and webcast will be available on www.saab.com/investors.
Contacts
Mattias Rådström
Head of Media Relations
+46 (0)734 180 018
presscentre@saabgroup.com
Head of Investor Relations
+46 (0)734 182 071
merton.kaplan@saabgroup.com
Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 22,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in
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