Saab presents the results for January-
Key highlights Q3 2022
- Order intake amounted to
SEK 7,772m (15,605) with growth in small and medium-sized orders. -
Sales grew 9.5%, of which 6.9% organic, and amounted to
SEK 8,751m (7,992), mainly driven by high delivery volumes in Dynamics in the quarter. -
EBITDA increased and was
SEK 1,115m (977). EBITDA margin was 12.7% (12.2) with improvements in several business areas. -
Operating income increased 13.6% and amounted to
SEK 568m (500), corresponding to an operating margin of 6.5% (6.3). -
Net income for the period amounted to
SEK 324m (324). -
Operational cash flow improved and was
SEK 559m (-1,238) in the quarter.
Statement by
Ready to support increased defence capability needs
We continued to see strong interest for Saab's portfolio in the quarter. The increased defence spending in many countries, in combination with
In the third quarter, we took the decision to set up a manufacturing facility for the Carl-Gustaf M4 shoulder-launched weapon system in
Order bookings in the quarter amounted to
Sales growth was 9.5% in the third quarter, of which organic growth was 6.9%. All business areas contributed positively to the growth. Sales for the first nine months grew 3.4%, whereof organic growth was 1.3%. We maintain our sales growth outlook for the full year, for which we have guided an organic growth of around 5%.
Operating income increased 13.6% in the quarter and amounted to
Our operational performance remains stable across the business, although inflation, supply of certain materials and transportation continue to be a challenge. We are working hard to mitigate these together with our partners and customers. We reconfirm our full year estimate of the operating income to improve at the upper end of our outlook range of 8-12%.
Operational cash flow in the quarter amounted to
Launching new innovative products is key for Saab. One recent example of this was the successful launch and testing of Saab's mobile short-range air defence system MSHORAD, which was demonstrated to 15 countries during the quarter. The system is based on a combination of our Giraffe 1X radar and the next generation RBS 70 mobile firing unit, connected with Saab's ground-based command and control solution. Now operational, the system will further strengthen Saab's missile offering.
An equally important focus area for Saab is to drive sustainable development, and we aim to do so through partnerships and collaboration. In the quarter, we became a minority shareholder in the Swedish electric aircraft company
Our long-term strategic priorities are intact and we are preparing our company to capture the improved growth opportunities. I am confident that Saab will continue to create sustainable value for our shareholders and all stakeholders.
Financial highlights
MSEK | Jan- | Jan- | Change, % | Q3 2022 | Q3 2021 | Change, % | Full Year 2021 |
Order bookings | 33,250 | 31,351 | 6 | 7,772 | 15,605 | -50 | 43,569 |
Order backlog | 112,025 | 104,570 | 7 | 105,177 | |||
Sales | 28,140 | 27,211 | 3 | 8,751 | 7,992 | 9 | 39,154 |
Gross income | 6,037 | 5,793 | 4 | 1,881 | 1,746 | 8 | 8,205 |
Gross margin, % | 21.5 | 21.3 | 21.5 | 21.8 | 21.0 | ||
EBITDA | 3,518 | 3,239 | 9 | 1,115 | 977 | 14 | 4,826 |
EBITDA margin, % | 12.5 | 11.9 | 12.7 | 12.2 | 12.3 | ||
Operating income (EBIT) | 1,960 | 1,812 | 8 | 568 | 500 | 14 | 2,888 |
Operating margin, % | 7.0 | 6.7 | 6.5 | 6.3 | 7.4 | ||
Net income | 1,129 | 1,234 | -9 | 324 | 324 | - | 2,025 |
of which Parent Company's shareholders' interest | 1,080 | 1,193 | -9 | 305 | 296 | 3 | 1,926 |
Earnings per share after dilution, SEK | 8.08 | 8.95 | 2.27 | 2.22 | 14.45 | ||
Return on equity, % ¹⁾ | 7.6 | 8.5 | 9.0 | ||||
Operational cash flow | 911 | 1,754 | 559 | -1,238 | 3,276 | ||
Free cash flow | 432 | 1,360 | 398 | -1,403 | 2,737 | ||
Free cash flow per share after dilution, SEK | 3.23 | 10.20 | 2.97 | -10.53 | 20.53 | ||
Average number of shares after dilution | 133,608,085 | 133,361,072 | 133,842,175 | 133,198,087 | 133,293,340 | ||
¹⁾ Return on equity is measured over a rolling 12-month period. |
For more information and explanations regarding the usage of these key ratios, please see http://saab.com/investors/financial-data/key-ratios/
Saab's Interim Report Q3 2022 Presentation
Saab's CEO and President
Date: Friday 28 October at
The report is published at
You are welcome to watch the live webcast or dial in to the conference call. It is possible to post questions over the conference call and the web.
Live webcast: https://www.saab.com/investors/webcast/q3-2022.
Conference call:
Please dial in using one of the numbers below.
The interim report, the presentation material and the webcast will be available on http://www.saab.com/investors.
For further information, please contact:
Mattias Rådström, Head of Media Relations
+46 (0)734 180 018
presscentre@saabgroup.com
+46 (0)734 182 071
merton.kaplan@saabgroup.com
www.saab.com
Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 18,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in
The information is such that
https://news.cision.com/saab/r/saab-results-january-september-2022--ready-to-support-increased-defence-capability-needs,c3657063
https://mb.cision.com/Main/183/3657063/1645234.pdf
https://mb.cision.com/Public/183/3657063/80cff08bd7381be4.pdf
https://news.cision.com/saab/i/micael-johansson,c3107524
(c) 2022 Cision. All rights reserved., source