- Saab has increased its forecast for FY organic revenue to between 15% and 20%. Previously, this was anticipated to be between 12% and 16%.
- For the first quarter, the company reported sales of SEK14.19 billion, reflecting a year-on-year increase of 24%. This surpassed the estimated sales of SEK13.05 billion.
- The operating profit for this quarter is SEK1.19 billion, up by 28% from last year. The forecasted profit was SEK1.08 billion.
- The organic revenue has also seen a year-on-year growth of 24%.
- Saab’s orders stand at SEK18.50 billion, marking 8.7% growth from the previous year.
- The company expects the FY operating income growth to exceed organic sales growth and it predicts the operational cash flow for FY to be positive.
- Saab’s targets for 2023-2027 remain the same.
- In his comments, the CEO emphasized on the existing high geopolitical pressures worldwide. He stressed on the need for rapid delivery of systems and solutions.
- The CEO also added that Saab continues to prioritize customer deliveries and capacity growth. They are also investing in future capabilities.
- Due to increased visibility on deliveries and capacity expansion throughout the year, Saab has upgraded its organic sales growth forecast for the full year.
- Current market sentiment towards Saab’s stocks include 3 buys, 5 holds, and 1 sell.
A look at Saab AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Saab AB shows a positive long-term outlook. With a strong emphasis on growth and momentum, Saab AB is positioned favorably for future expansion and market performance. The company’s high scores in growth and momentum indicate a promising trajectory, supported by its focus on developing and delivering advanced products for the defense market.
Additionally, Saab AB demonstrates resilience in the face of challenges and has a solid value proposition within its industry. While the dividend score may be slightly lower, the overall strength in key areas such as growth, resilience, and momentum bodes well for Saab AB‘s continued success in the defense technology sector and its international market presence.
### Summary of description: ### Saab AB is a high technology company specializing in defense technology, command and control systems, military and commercial aircraft, technical services, missiles, space equipment, and aviation services. Known for its international presence and advanced product offerings, Saab AB is poised for growth and success in the defense market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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