Saab: Q2 earnings up 27%
(CercleFinance.com) - Sales rose by 22% to 15,170m SEK in Q2 2024 (vs.
12,475m SEK), driven by growth in all business segments and Combitech.
Orders amounted to 39,574m SEK (vs. 14,315m SEK), with several major contracts signed and booked during the quarter.
EBIT increased by 25% to 1,331m SEK (vs. 1,065m SEK). Its EBIT margin rose to 8.8% (from 8.5%), thanks to improved profitability in the business segments and at Combitech.
Net income rose by 27% to 1,012m SEK (from 798m SEK). EPS improved to 1.85 SEK (vs. 1.44 SEK).
The group reiterates its full-year outlook for 2024 in both organic sales growth, EBIT growth and positive operating cash flow.
During the quarter, Saab recorded a strong order intake of 40bn SEK, the second-highest quarter in the company's history. Our portfolio is particularly well positioned, and we are strengthening our market presence. We are also continuing to increase our investments to boost capacity, and are fully focused on securing skills and increasing our workforce, management said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
12,475m SEK), driven by growth in all business segments and Combitech.
Orders amounted to 39,574m SEK (vs. 14,315m SEK), with several major contracts signed and booked during the quarter.
EBIT increased by 25% to 1,331m SEK (vs. 1,065m SEK). Its EBIT margin rose to 8.8% (from 8.5%), thanks to improved profitability in the business segments and at Combitech.
Net income rose by 27% to 1,012m SEK (from 798m SEK). EPS improved to 1.85 SEK (vs. 1.44 SEK).
The group reiterates its full-year outlook for 2024 in both organic sales growth, EBIT growth and positive operating cash flow.
During the quarter, Saab recorded a strong order intake of 40bn SEK, the second-highest quarter in the company's history. Our portfolio is particularly well positioned, and we are strengthening our market presence. We are also continuing to increase our investments to boost capacity, and are fully focused on securing skills and increasing our workforce, management said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.