Defence group Saab lands profit beat, raises 2025 outlook
The maker of the Gripen fighter jet in a statement said operating earnings rose to 1.98 billion Swedish crowns ($204 million) from 1.33 billion a year ago, beating a mean forecast of 1.71 billion seen in a LSEG compilation of analyst forecasts.
Saab, which makes military equipment ranging from missiles and advanced electronics to submarines, said it expected like-for-like sales to grow 16-20% this year, raising its outlook from anticipated growth of 12-16%.
It repeated it expected operating profit to rise even faster than sales.
($1 = 9.7292 Swedish crowns)
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