Saab Q3 2024 results: Strong sales growth and cash flow

STOCKHOLM, Oct. 22, 2024 /PRNewswire/ -- Saab presents the results 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

Order bookings increased 41% and amounted to SEK 21,173m (14,977), driven by strong growth in Dynamics.

Organic growth was 17% and sales amounted to SEK 13,546m (11,527), with growth from all business areas.

Operating income increased 38% and amounted to SEK 1,187m (859), corresponding to an EBIT margin of 8.8% (7.5). 

Net income increased to SEK 972m (656) and earnings per share amounted to SEK 1.79 (1.21).

Operational cash flow improved in the quarter and amounted to SEK 3,188m (-2,058), driven by large customer payments.

Net ...