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Keystone-SDA
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The Swedish defense group SAAB announced on Friday best results than expected for its second quarter. Similarly, highlighted the growth potential which could result from the decision of NATO countries to increase their defense expenses. Moreover, – Saab takes advantage increase defense
(Keystone-ATS) SAAB recorded a turnover of 19.8 billion crowns (1.8 billion euros) in the second quarter, up 30% compared to 15.2 billion crowns (1.4 billion euros) last year, according to its quarterly report.
This figure is higher than the consensus of Factst saab takes advantage increase saab takes advantage increase defense new defense and Bloomberg analysts, which is 18.1 billion crowns (1.6 billion euros).
The second quarter net profit increased by 50% to 1.5 billion crowns (133 million euros). However, against 1 billion crowns for the same period last year, and greater than the consensus of analysts of 1.3 billion crowns.
The scholarship greeted these results, the title SAAB taking 10% at 531.70 Swedish crowns shortly after 11:00 am (9:00 am GMT).
“We are sailing in a world where geopolitical tensions have accentuated. especially because of conflicts to the Middle East. the war in Ukraine,” said Micael Johansson, Managing Director of Saab, in the quarterly report.
Johansson also recalled that following the NATO summit in June. the members of the Transatlantic Alliance committed to increasing their defense expenses to 5% of GDP by 2035.
“Although this will allow significant growth for our sector. Additionally, the transition from planning. political decision to the procurement will take time,” warns saab takes advantage increase defense new saab takes advantage increase defense the manager of SAAB.
Mr. Johansson added that the group “continues to invest in increasing capacity. […] Works proactively in close collaboration with our suppliers in order to guarantee future deliveries. »»
saab takes advantage increase defense — Saab takes advantage increase defense: Keystone-SDA The Swedish defense group SAAB. announced on Friday best results than expected for its second quar.
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Saab takes advantage increase defense new
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