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Saab AB (SAABb.ST)

SAABb.ST on Stockholm Stock Exchange

410.40SEK
20 Oct 2017
Change (% chg)

3.10kr (+0.76%)
Prev Close
407.30kr
Open
408.00kr
Day's High
413.10kr
Day's Low
407.70kr
Volume
202,604
Avg. Vol
264,404
52-wk High
455.40kr
52-wk Low
300.00kr

Latest Key Developments (Source: Significant Developments)

Saab Q2 EBIT misses forecasts
Thursday, 20 Jul 2017 01:30am EDT 

July 20 (Reuters) - Saab AB :Q2 order bookings 10,853 million SEK versus mean forecast 10,827 million SEK in Reuters poll.Q2 EBIT 393 million SEK versus mean forecast 448 million SEK in Reuters poll.Says we estimate that sales growth in 2017 will be higher than Saab's long-term financial goal: annual organic sales growth of 5 percent.Says we expect operating margin, excluding material non-recurring items, to improve compared to 2016 and thus the company will take a step towards its financial goal: an operating margin of 10 per cent.  Full Article

Saab wins order worth about SEK 100 mln from U.S. Army
Monday, 10 Jul 2017 08:06am EDT 

July 10 (Reuters) - Saab AB :Saab says wins order worth about SEK 100 million from U.S. Army.Says Saab in cooperation with Lockheed Martin are awarded a contract for training system .Says order value for Saab's part of the contract is approximately MSEK 100 with deliveries taking place between 2017 and 2018.  Full Article

Hanza gets a SEK 16 million order from Saab
Friday, 5 May 2017 02:37am EDT 

May 5 (Reuters) - HANZA AB :HANZA EXPANDS ITS COOPERATION WITH SAAB.RECEIVED ORDER ON COMMUNICATIONS EQUIPMENT FROM SAAB WITH DELIVERY 2017.AGREEMENT COVERS PRODUCTION OF COMPUTER PRODUCTS TO THE INTERNATIONAL MARKET AND HAS A TOTAL ORDER VALUE OF ABOUT SEK 16 MILLION.  Full Article

Saab Q1 operating profit and orders top forecast
Wednesday, 26 Apr 2017 01:30am EDT 

April 26 (Reuters) - Saab AB :Says we estimate that sales growth in 2017 will be higher than Saab's long-term financial goal: annual organic sales growth of 5 per cent..Says we expect operating margin, excluding material non-recurring items, to improve compared to 2016 and thus company will take a step towards its financial goal: an operating margin of 10 per cent.Q1 order bookings 9,701 million SEK versus mean forecast 8,475 million in Reuters poll.Q1 EBIT 492 million SEK versus mean forecast 397 million in Reuters poll.  Full Article

Saab says head of Aeronautics unit steps down
Monday, 6 Mar 2017 02:35am EST 

Saab AB : Says Ulf Nilsson will leave his position as head of business area Aeronautics and thus group management . Says Lennart Sindahl becomes acting head of business area aeronautics and an adjunct member of group management. .Says recruitment of a new head of the business area has begun.  Full Article

Saab acquires Phaeros Group
Wednesday, 31 Aug 2016 06:38am EDT 

Saab acquires Phaeros Group: Says Phaeros employs 27 people in Antwerp, Belgium and Chennai, India . Says company will be integrated into business area surveillance, product area maritime traffic management Further company coverage: [SAABb.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

Saab Ab receives ammunition order from U.S. Department of Defense
Thursday, 28 Jul 2016 08:21am EDT 

Saab Ab :Received ammunition order from U.S. Department of Defense for Carl-Gustaf man-portable weapon system.  Full Article

Saab Q2 operating profit just below forecast, outlook unchanged
Thursday, 21 Jul 2016 01:30am EDT 

Saab : Saab Q2 EBIT 317 million SEK versus mean forecast 380 million in Reuters poll [nL8N1A11NX] . Says operating margin 2016, excluding material non-recurring items, is expected to be in line with 2015 . Saab Q2 order bookings 6,848 million SEK . Says in 2016, we estimate sales to be in line with Saab's long-term financial goal: annual organic sales growth of 5 percent .Says as a consequence of constrained budgets, Saab is seeing an increase in short-term demand for defence capabilities with cost efficient products and solutions.  Full Article

Saab AB says wins support and maintenance order from FMV
Monday, 2 May 2016 03:20am EDT 

Saab AB:Says receives order from FMV regarding support and maintenance for Helicopter 15.Says order valid for the years 2018 and 2019.Says order includes support and maintenance of all 20 helicopters including materiel and technical personnel, base staff in the form of management, planning and administration, logistics and materiel provision as well as on-call services in the form of additional technical personnel and services.  Full Article

Saab AB wins SEK 150 mln Gripen maintenance order in Sweden
Thursday, 10 Mar 2016 07:00am EST 

Saab AB:Receives order for Gripen maintenance support.Says ‍total order value is 150 million​ Swedish crowns.  Full Article

UPDATE 1-Thailand's Amata signs deal to collaborate with Sweden's Saab on aerospace precinct

* Saab and Amata will work to define projects (Recasts, updates with Saab statement)