Latest news with #KARLSKOGA
Yahoo
27-05-2025
- Business
- Yahoo
Defence group Saab reiterates financial targets for 2023-2027
KARLSKOGA, Sweden (Reuters) -Swedish defence material maker Saab reiterated on Tuesday its 2023-2027 targets for organic sales growth of around 18% with operating income growth higher than organic sales growth. The defence company is riding the biggest demand boom since the end of the Cold War as Europe scrambles to re-arm in the wake of Russia's invasion of Ukraine and signs U.S. priorities may be shifting away from the region. "Saab remains committed to leading the way in an uncertain geopolitical security landscape," it said in a statement ahead of presentations to investors. "Going forward, we will continue to scale up our operations and will accelerate the development of future capabilities." Saab, which makes a wide range of military gear including fighter jets, surveillance systems, missiles and submarines, last updated the financial targets in February. Order intake last year set a new record while its shares have doubled since the turn of the year to record highs as Europe, home to roughly two thirds of Saab's sales, ramps up spending on long-neglected militaries. In many ways a product of Sweden's decades of armed neutrality, where self-sufficiency was a paramount concern, Saab is now embracing a new reality as the country embeds in NATO, opening up new business opportunities. Saab, which competes with giants such as U.S. Lockheed Martin, France's Dassault Aviation and Britain's BAE Systems, said it was focused on the ramping up of capacity, and on market expansion. "Further partnerships and M&A will strengthen the company's strategic position and technological leadership," Saab said. Sign in to access your portfolio
Reuters
27-05-2025
- Business
- Reuters
Defence group Saab reiterates financial targets for 2023-2027
KARLSKOGA, Sweden, May 27 (Reuters) - Swedish defence material maker Saab ( opens new tab reiterated on Tuesday its 2023-2027 targets for organic sales growth of around 18% with operating income growth higher than organic sales growth. The defence company is riding the biggest demand boom since the end of the Cold War as Europe scrambles to re-arm in the wake of Russia's invasion of Ukraine and signs U.S. priorities may be shifting away from the region. "Saab remains committed to leading the way in an uncertain geopolitical security landscape," it said in a statement ahead of presentations to investors. "Going forward, we will continue to scale up our operations and will accelerate the development of future capabilities." Saab, which makes a wide range of military gear including fighter jets, surveillance systems, missiles and submarines, last updated the financial targets in February. Order intake last year set a new record while its shares have doubled since the turn of the year to record highs as Europe, home to roughly two thirds of Saab's sales, ramps up spending on long-neglected militaries. In many ways a product of Sweden's decades of armed neutrality, where self-sufficiency was a paramount concern, Saab is now embracing a new reality as the country embeds in NATO, opening up new business opportunities. Saab, which competes with giants such as U.S. Lockheed Martin (LMT.N), opens new tab, France's Dassault Aviation ( opens new tab and Britain's BAE Systems (BAES.L), opens new tab, said it was focused on the ramping up of capacity, and on market expansion. "Further partnerships and M&A will strengthen the company's strategic position and technological leadership," Saab said.
Yahoo
27-05-2025
- Business
- Yahoo
Defence group Saab reiterates financial targets for 2023-2027
KARLSKOGA, Sweden (Reuters) -Swedish defence material maker Saab reiterated on Tuesday its 2023-2027 targets for organic sales growth of around 18% with operating income growth higher than organic sales growth. The defence company is riding the biggest demand boom since the end of the Cold War as Europe scrambles to re-arm in the wake of Russia's invasion of Ukraine and signs U.S. priorities may be shifting away from the region. "Saab remains committed to leading the way in an uncertain geopolitical security landscape," it said in a statement ahead of presentations to investors. "Going forward, we will continue to scale up our operations and will accelerate the development of future capabilities." Saab, which makes a wide range of military gear including fighter jets, surveillance systems, missiles and submarines, last updated the financial targets in February. Order intake last year set a new record while its shares have doubled since the turn of the year to record highs as Europe, home to roughly two thirds of Saab's sales, ramps up spending on long-neglected militaries. In many ways a product of Sweden's decades of armed neutrality, where self-sufficiency was a paramount concern, Saab is now embracing a new reality as the country embeds in NATO, opening up new business opportunities. Saab, which competes with giants such as U.S. Lockheed Martin, France's Dassault Aviation and Britain's BAE Systems, said it was focused on the ramping up of capacity, and on market expansion. "Further partnerships and M&A will strengthen the company's strategic position and technological leadership," Saab said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
19-05-2025
- Business
- Associated Press
Cell Impact delivers flow plates and test tools to a major player in Asia
KARLSKOGA, Sweden, May 19, 2025 /CNW/ -- Cell Impact AB (publ) has signed an agreement to deliver test tools to a leading industrial player in Asia. The deal confirms Cell Impact's attractive offering and its unique forming technology. The agreement is a follow-up order from a customer with whom Cell Impact has previously conducted development projects. 'The tests of our forming technology conducted by this customer have been successful, which has laid the foundation for today's agreement. This is a process we have seen before. Successful tests of Cell Impact Forming™ lead to new business, which in turn is a prerequisite for future volume production,' says Mr. Daniel Vallin, CEO of Cell Impact. The order includes both flow plates and a test tool that will be used to manufacture customized flow plates. Delivery will take place during the second quarter, and the order value amounts to MSEK 0.6. Photo: For more information, please contact: Daniel Vallin CEO and IR contact, Cell Impact AB (publ) +46730686620 or [email protected] About Cell Impact Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell and electrolyzer manufacturers. The company has developed and patented a unique method for high velocity forming, Cell Impact Forming™ which is significantly more scalable and cost-efficient compared to conventional forming methods. Cell Impact Forming is an environmentally friendly forming technology that consumes no water and very little electrical power. The Cell Impact share is listed on Nasdaq First North Growth Market and FNCA Sweden AB is the company's Certified Advisor (CA). View original content to download multimedia: SOURCE Cell Impact
Yahoo
19-05-2025
- Business
- Yahoo
Cell Impact delivers flow plates and test tools to a major player in Asia
KARLSKOGA, Sweden, May 19, 2025 /CNW/ -- Cell Impact AB (publ) has signed an agreement to deliver test tools to a leading industrial player in Asia. The deal confirms Cell Impact's attractive offering and its unique forming technology. The agreement is a follow-up order from a customer with whom Cell Impact has previously conducted development projects. "The tests of our forming technology conducted by this customer have been successful, which has laid the foundation for today's agreement. This is a process we have seen before. Successful tests of Cell Impact Forming™ lead to new business, which in turn is a prerequisite for future volume production," says Mr. Daniel Vallin, CEO of Cell Impact. The order includes both flow plates and a test tool that will be used to manufacture customized flow plates. Delivery will take place during the second quarter, and the order value amounts to MSEK 0.6. Photo: For more information, please contact: Daniel Vallin CEO and IR contact, Cell Impact AB (publ) +46730686620 or About Cell Impact Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell and electrolyzer manufacturers. The company has developed and patented a unique method for high velocity forming, Cell Impact Forming™ which is significantly more scalable and cost-efficient compared to conventional forming methods. Cell Impact Forming is an environmentally friendly forming technology that consumes no water and very little electrical power. The Cell Impact share is listed on Nasdaq First North Growth Market and FNCA Sweden AB is the company's Certified Advisor (CA). View original content to download multimedia: SOURCE Cell Impact View original content to download multimedia:
