Saab AB

SAAB B

Equity

ISIN SE0021921269 / Valor 134702955

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 235.15+3.91%

Saab AB
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About company

Saab AB, known by its Valor number 134702955, is a publicly traded company. The stock of the company is available through the stock provider NASDAQ Nordic Exchange Stockholm, Equities. As of 23.12.2024, the current price of the stock is SEK 235.15. The latest price change for this stock is 3.91%, which reflects the market’s response to various factors such as company performance, industry trends, and global economic conditions. The company has been evaluated by users of Umushroom, and has received a rating of 0 stars.

Summarized from source with an LLMView SourceSector: Industrials

Order Bookings Surge

In the third quarter of 2024, Saab AB reported a significant increase in order bookings, which rose by 41% to SEK 21,173 million compared to SEK 14,977 million in the same period last year. This growth was primarily driven by strong performance in the Dynamics segment. Notably, large orders saw a 71% increase, amounting to SEK 12,198 million, highlighting the company's robust demand in the defense sector.

Sales and Revenue Growth

Saab AB's sales for the third quarter of 2024 reached SEK 13,546 million, marking a 17% increase from SEK 11,527 million in the previous year. The company experienced organic growth across all its business areas, contributing to this positive sales performance. The strong sales figures reflect Saab's ability to meet the growing demand for its defense and security solutions.

Operating Income and Profitability

During the third quarter of 2024, Saab AB's operating income increased by 38% to SEK 1,187 million, up from SEK 859 million in the same quarter of the previous year. This improvement in operating income resulted in an EBIT margin of 8.8%, compared to 7.5% in the previous year. The increase in profitability was supported by contributions from the Surveillance and Dynamics segments.

Net Income and Earnings Per Share

Saab AB reported a net income of SEK 972 million for the third quarter of 2024, a significant increase from SEK 656 million in the same period last year. Earnings per share also rose to SEK 1.79, compared to SEK 1.21 in the previous year. This growth in net income and earnings per share underscores the company's strong financial performance during the quarter.

Operational Cash Flow Improvement

In the third quarter of 2024, Saab AB's operational cash flow improved substantially, reaching SEK 3,188 million, compared to a negative cash flow of SEK -2,058 million in the previous year. This improvement was driven by large customer payments, which helped offset increased inventory and investment costs. Saab AB remains confident in achieving positive operational cash flow for the full year 2024.

Summarized from source with an LLMView Source

Key figures

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Performance

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