Saab AB (Stockholm: series B: SAABb)President and CEO Micael Johansson says “The geopolitical tensions are impacting our industry and driving the largest increase in defence investments in the last 30 years, particularly in Europe. In the third quarter, high demand for Saab’s broad defence portfolio continued to result in significant order intake, strong sales growth and improved profitability.”
Key highlights Q3 2023
- Order intake amounted to SEK 14,977m (7,772) with strong growth in all order sizes in the quarter.
- Sales increased to SEK 11,527m (8,751) with an organic growth of 31%, driven by growth in all business areas.
- EBITDA increased 28% and amounted to SEK 1,424m (1,115), corresponding to an EBITDA margin of 12.4% (12.7).
- Operating income (EBIT) increased 51% and amounted to SEK 859m (568). The EBIT margin was 7.5% (6.5) with improvements in several business areas in the quarter.
- Net income for the period increased to SEK 656m (324) and earnings per share amounted to SEK 4.84 (2.28).
- Operational cash flow in the quarter was SEK -2,058m (559) mainly due to timing of customer payments combined with higher investments.
- Net liquidity position in the quarter was SEK 1.4 bn (0.4).
- Upgraded outlook for organic sales growth 2023: organic sales growth to be between 19-23%, compared to previous outlook of 16-20%.
For more information and explanations of the above key ratios, please see www.saab.com/investors/financials/financial-data.
