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Saab AB (SAABb.ST)

SAABb.ST on Stockholm Stock Exchange

353.60SEK
16 Nov 2018
Change (% chg)

6.30kr (+1.81%)
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Latest Key Developments (Source: Significant Developments)

Saab Q3 adjusted EBIT falls, repeats 2018 outlook
Tuesday, 23 Oct 2018 01:31am EDT 

Oct 23 (Reuters) - Saab AB ::SAYS WE ESTIMATE THAT SALES GROWTH IN 2018 WILL BE IN LINE WITH SAAB'S LONG-TERM FINANCIAL GOAL: ANNUAL ORGANIC SALES GROWTH OF 5 PER CENT.Q3 ORDER BOOKINGS SEK 4,519 MILLION (3,701).SAYS OPERATING MARGIN IN 2018, EXCLUDING MATERIAL NON-RECURRING ITEMS, IS EXPECTED TO IMPROVE COMPARED TO 2017.SAAB Q3 OPERATING INCOME SEK -61 MILLION (369).SAYS TO BOLSTER COMPANY IN LONG-TERM FURTHER, A NUMBER OF MEASURES HAVE BEEN IDENTIFIED TO RAISE PRODUCTIVITY.SAYS MEASURES BETTER ENABLE SAAB TO ACHIEVE ITS LONG-TERM FINANCIAL GOALS AND CONTINUE TO INVEST IN RESEARCH AND DEVELOPMENT.SAYS THEY INCLUDE OPERATING EFFICIENCIES AND A PLAN TO ADAPT PRODUCT PORTFOLIO, IMPROVE MARKETING EFFICIENCY AND INCREASE DIGITISATION OF INTERNAL PROCESSES.SAYS DURING Q3, NON-RECURRING COSTS OF MSEK 298 RELATED TO EFFICIENCY MEASURES HAVE BEEN RECOGNISED.SAAB Q3 ADJUSTED OPERATING INCOME SEK 237 MILLION (369).  Full Article

Saab to provide RAF's Typhoons with smart self-protection system
Wednesday, 25 Jul 2018 04:12am EDT 

July 25 (Reuters) - Saab AB ::SAAB TO PROVIDE RAF’S TYPHOONS WITH NEW SMART SELF-PROTECTION SYSTEM.HAS RECEIVED AN ORDER FROM BAE SYSTEMS FOR DEVELOPMENT OF A NEW PYROTECHNIC SMART SELF-PROTECTION SYSTEM FOR THE EUROFIGHTER TYPHOON AIRCRAFT TO DEFEAT RADAR- AND IR-GUIDED THREATS.SAYS ORDER IS PART OF A FRAMEWORK AGREEMENT WITH BAE SYSTEMS CONSISTING OF DEVELOPMENT, PRODUCTION, SUPPORT AND FUTURE SALES OF THE SMART DISPENSER SYSTEM (SDS).  Full Article

Defence firm Saab Q1 operating profit lags forecast
Thursday, 26 Apr 2018 01:30am EDT 

April 26 (Reuters) - Saab AB ::Q1 OPERATING INCOME AMOUNTED TO MSEK 447 (539) AND OPERATING MARGIN WAS 5.8 PER CENT (7.1).Q1 ADJUSTED FOR TWO LARGE ORDERS RECEIVED IN 2017, ORDER BOOKINGS IN Q1 2018 WERE STRONG AND AMOUNTED TO MSEK 6,135.SAYS OPERATING MARGIN WAS LOWER THAN IN 2017 DUE TO FEWER DELIVERIES DURING PERIOD, A CHANGE IN PROJECT MIX AND A CHANGE OF PROJECT MARGIN IN A FEW SMALLER PROJECTS.SAYS WE ESTIMATE THAT SALES GROWTH IN 2018 WILL BE IN LINE WITH SAAB'S LONG-TERM FINANCIAL GOAL: ANNUAL ORGANIC SALES GROWTH OF 5 PER CENT.SAYS OPERATING MARGIN IN 2018, EXCLUDING MATERIAL NON-RECURRING ITEMS, IS EXPECTED TO IMPROVE COMPARED TO 2017.Q1 SALES AMOUNTED TO MSEK 7,766 WITH ORGANIC GROWTH OF 2 PER CENT.REUTERS POLL: SAAB Q1 OPERATING INCOME SEEN AT SEK 523 MILLION, SALES AT 7,734 MILLION.  Full Article

Saab Borrows 1,250 Million Sek In The Bond Market
Wednesday, 21 Mar 2018 12:17pm EDT 

March 21 (Reuters) - Saab AB ::SAYS BORROWS 1,250 MILLION SEK IN THE BOND MARKET.  Full Article

Saab Q4 earnings lag forecast, proposes dividend below expectations ​
Friday, 16 Feb 2018 01:30am EST 

Feb 16 (Reuters) - Reuters Poll: Saab ::SAYS ‍SALES GROWTH IN 2018 IS EXPECTED TO BE IN LINE WITH SAAB'S LONG-TERM GOAL: ANNUAL ORGANIC GROWTH OF 5 PER CENT.​.SAYS ‍OPERATING MARGIN IN 2018, EXCLUDING MATERIAL NON-RECURRING ITEMS, IS EXPECTED TO IMPROVE COMPARED TO 2017​.SAYS ‍IN 2018, FOCUS ON EFFICIENCY IMPROVEMENTS WILL CONTINUE​.Q4 SALES ‍9,819​ MILLION SEK VERSUS MEAN FORECAST 10,130 MILLION IN REUTERS POLL.Q4 EBIT ‍882​ MILLION SEK VERSUS MEAN FORECAST 1,105 MILLION IN REUTERS POLL.SAYS BOARD OF DIRECTORS DECIDED TO PROPOSE TO THE ANNUAL GENERAL MEETING THAT THE PARENT COMPANY’S SHAREHOLDERS RECEIVE A DIVIDEND OF SEK 5.50 PER SHARE‍​.DIVIDEND WAS SEEN AT 6.15 SEK/SHARE.  Full Article

CS Communication & Systemes Selected With Saab By DSNA For Modernization Of Paris Airports
Monday, 18 Dec 2017 09:11am EST 

Dec 18 (Reuters) - CS COMMUNICATION & SYSTEMES SA ::SELECTED WITH SAAB BY DSNA.CONSORTIUM OF SAAB AND CS GROUP TO MODERNIZE DSNA AIR TRAFFIC MANAGEMENT SYSTEM AT PARIS-CDG, PARIS-LE BOURGET AND PARIS- ORLY.  Full Article

RAYTHEON AND SAAB PARTNER TO DEVELOP NEW WEAPONS FOR INFANTRY FORCES
Thursday, 9 Nov 2017 10:45am EST 

Nov 9 (Reuters) - Raytheon Co ::RAYTHEON, SAAB TEAM TO DEVELOP NEW INFANTRY WEAPONS.RAYTHEON - ‍ INITIALLY, CO, SAAB WILL UPGRADE THE CARL-GUSTAF RELOADABLE SHOULDER-LAUNCHED WEAPON SYSTEM ​.RAYTHEON - ‍INITIALLY, CO, SAAB WILL ALSO EXPLORE OPPORTUNITIES TO "ENHANCE" SAAB'S AT4 DISPOSABLE WEAPON SYSTEM ​.  Full Article

Saab Q3 operating profit beats forecast, repeats outlook
Tuesday, 24 Oct 2017 01:30am EDT 

Oct 24 (Reuters) - Saab :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​.Q3 order bookings ‍3,701​ million SEK versus mean forecast 3,143 million in Reuters poll.Says ‍we expect operating margin, excluding material non-recurring items, to improve compared to 2016​.Q3 EBIT ‍388​ million SEK versus mean forecast 326 million in Reuters poll.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 percent​.  Full Article

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

Factbox: European fighter jet competitions and recent contract wins

BERLIN Following is a list of European fighter jet competitions and which companies are bidding for the work or have won contracts in recent weeks: