Latest news with #SaabAB
Time of India
5 days ago
- Business
- Time of India
Swedish Investments To Catapult Vidarbha On Defence, Industry Map
1 2 3 Nagpur: Vidarbha is on the cusp of an industrial transformation with Swedish defence and aerospace companies, heavy industry and tetra-packaging firms expressing interest in setting up manufacturing units in the region. Consul General of Sweden, Sven Ostberg, and his trade and investment team's visit to Nagpur on Tuesday signalled a cutting-edge business push that could establish Vidarbha as a burgeoning defence and industrial hub, capitalizing on its strategic central location in India. Also, there's a move to leverage Swedish expertise to restore the city's Nag river through advanced technology. This could be on the agenda of Ostberg's crucial meeting with the municipal commissioner, Abhijeet Chaudhuri, on Wednesday. Leading Swedish defence and aerospace company Saab AB, known for its advanced military systems, is likely to make a foray into the Nagpur region. Talking exclusively to TOI, Sven Ostberg said, "Saab AB operates a manufacturing plant in Jhajjar, Haryana, and the company is likely to expand its operations in Vidarbha, considering its business potential and geographical advantage." Saab AB's potential entry into the region could catapult Nagpur on to India's defence manufacturing map. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Her body cannot endure this level of pain; please help her. Donate For Health Learn More Undo Alfa Laval, a global leader in heavy industry solutions, is also considering Vidarbha as its next manufacturing unit, building on its existing facility in Pimpri Chinchwad near Pune. The company's expertise in heat transfer, separation, and fluid handling could drive industrial growth in the region, complementing the defence focus with heavy industry development, said a member of the investment team. The Association for Industrial Development (AID) made a compelling case for Swedish investments during a high-profile session with Ostberg on Tuesday at CP Club, attended by Saloni Zaveri, senior advisor, trade and investment promotion with Consulate General of Sweden, IVL country manager, business development and marketing, Rupali Deshmukh, industry leader Ajay Sancheti, correspondent diplomat of Malta, Afzal Mitha, serial entrepreneur Shashikant Chaudhary, IIM director Bhimaraya Metri and Neeri director S Venkata Mohan among others. AID president Ashish Kale emphasized the region's potential to support Swedish investments and Vidarbha's strengths, including its emerging industrial hub of Mihan, to foster bilateral trade, export-import collaborations, and technology exchanges with Sweden. Additionally, IVL, a Swedish Environmental Research Institute, is conducting a pre-feasibility study for a Sweden-India Centre of Excellence (CoE) for Sustainable City/Society in Nagpur. IVL's Rupali Deshmukh noted that CoE could leverage Swedish expertise in water, waste, and energy management, potentially aiding projects like the Nag River restoration through advanced technologies and sustainable practices. "By leveraging Swedish expertise, innovative technologies, and close collaboration with our Indian counterparts, we aim to co-create scalable solutions in water, waste, and energy management that can serve as a model for cities across India. Nagpur's proactive approach and openness to partnership make it an ideal collaborator in this transformative journey," Deshmukh said. She added that the proposed Sweden-India Centre of Excellence has potential to support Nag River restoration by bringing advanced Swedish technology and best practices in wastewater treatment, pollution control, and ecological river restoration. "It will facilitate pilot projects, capacity building, and real-time monitoring while promoting collaboration between Indian authorities and Swedish experts. The CoE will also support integrated river basin management and help develop sustainable solutions aligned with India's river rejuvenation goals," she said.
Yahoo
28-04-2025
- Business
- Yahoo
Saab AB (SAABF) Q1 2025 Earnings Call Highlights: Record Revenue and Strategic Global Expansion
Revenue: SEK 15.8 billion, marking the best first quarter ever. Order Backlog: SEK 189 billion, a 19% increase year-over-year. Sales Growth: 11.3% overall growth, with 10.9% organic growth. EBIT Margin: Improved from 8.4% to 9.2% year-over-year. Net Income: EPS improved by 64% to SEK 2.35 from SEK 1.43. Cash Flow: Improved from minus SEK 2 billion to minus SEK 14 million. Net Liquidity Position: Maintained a positive net position with SEK 12.7 billion in liquid investments. Dividend: Increased to SEK 2 per share, totaling SEK 1 billion. Employee Growth: Net increase of 800 employees. International Sales: 74% of order backlog from international customers. Business Area Performance: Dynamics and Surveillance represent 72% of total order backlog. Environmental Impact: 31% reduction in greenhouse emissions since 2020. Release Date: April 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Saab AB (SAABF) reported a strong order intake with significant orders from Latvia and Germany, contributing to a growing order backlog. All business areas experienced growth, with Dynamics and Surveillance showing particularly high order intake, representing 72% of the total order backlog. The company achieved its highest first-quarter sales ever, with a 4% increase compared to the previous year, driven by organic growth. Profitability improved across all business areas, with a notable EBIT margin increase from 8.4% to 9.2%. Saab AB (SAABF) is expanding its production capacity globally, including new facilities in the US, India, UK, and Finland, to meet increasing demand. The order backlog for Saab Kockums decreased by 21%, raising concerns about sustaining sales growth in this segment. The civilian side of the Surveillance business impacted sales and profitability negatively, indicating challenges in this area. Cash flow, while improved, remains variable across business areas, with some areas not benefiting from favorable customer payment timings. The geopolitical situation and potential trade wars pose uncertainties that could impact future business operations. The process of converting political defense spending commitments into actual contracts is slow, potentially delaying revenue realization. Q: How does Saab view its ability to maintain its share of the Swedish defense budget given the focus on strengthening ground capabilities? A: Micael Johansson, President and CEO, stated that Saab is well-positioned to continue being a significant part of the Swedish defense spending, historically averaging around 40% of the procurement budget. Saab offers a wide range of capabilities in the land domain, including sensor capabilities, command and control, missiles, and support weapons, which should support its position. Q: What drove the strength in Kockums this quarter, and what is the outlook for orders given the shrinking order backlog? A: Micael Johansson explained that the growth in Saab Kockums is due to a good mix of Swedish and international contracts, particularly on the surface side and unmanned underwater vehicles. The focus is on maintaining a balance of support business, development, and production, which has been successful recently. Q: Is it possible to certify Gripen for nuclear weapons, and what is the outlook for order backlog growth? A: Micael Johansson stated there are no current intentions or initiatives to certify Gripen for nuclear weapons, and it remains a speculative and political question. Anna Wijkander, CFO, reiterated the company's growth target of 18% from 2023 to 2027, emphasizing a strong backlog to support this growth. Q: Can you provide an update on the potential timing for signing Gripen deals with Thailand and Colombia? A: Micael Johansson mentioned that negotiations with Thailand are further along, with an aim to finalize contracts this year. The process with Colombia is also underway, with the objective to complete it within the year. He clarified that financing schemes allow Colombia to defer payments, but Saab will be paid upon delivery. Q: How quickly will the increase in Swedish defense spending translate into higher sales, and what is Saab's approach to capacity expansion? A: Micael Johansson noted that the recent announcement of increased defense spending has not yet impacted Q1 results. The effects will become clearer mid-year when budget discussions for 2026 occur. Saab remains forward-leaning in capacity expansion, particularly in Dynamics, to meet high demand. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Business Insider
27-04-2025
- Business
- Business Insider
Kepler Capital Sticks to Their Sell Rating for Saab AB (0GWL)
In a report released on April 25, Aymeric Poulain from Kepler Capital maintained a Sell rating on Saab AB (0GWL – Research Report), with a price target of SEK300.00. The company's shares closed last Friday at SEK408.50. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Poulain covers the Industrials sector, focusing on stocks such as Airbus Group SE, BAE Systems, and Rolls-Royce Holdings. According to TipRanks, Poulain has an average return of 14.1% and a 64.63% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for Saab AB with a SEK344.00 average price target. The company has a one-year high of SEK449.80 and a one-year low of SEK203.60. Currently, Saab AB has an average volume of 545K. Based on the recent corporate insider activity of 204 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0GWL in relation to earlier this year.
Bloomberg
25-04-2025
- Business
- Bloomberg
Stock Movers: Michelin, Saab, Accor
On this episode of Stock Movers: - Michelin shares rise as much as 4% after the French tiremaker's price/mix was seen as a key positive in its first quarter update. Overall guidance was reiterated, but meeting it will require a stronger performance through the remainder of the year, analysts said. - Swedish defense manufacturer Saab AB sees customers increasingly focused on cutting down delivery times as many countries race to rearm in the face of deepening geopolitical tensions. - Accor shares rise as much as 5.6% to the highest level this month. Analysts say the French hotel operator's results are favorable, noting positive demand commentary and expectations for net unit growth throughout the year. While net unit growth was a slight miss in the first quarter, revenue per available room, or RevPAR, beat expectations.
Bloomberg
25-04-2025
- Business
- Bloomberg
Saab CEO Sees Lead Times Shortening for Defense Order Deliveries
Swedish defense manufacturer Saab AB sees customers increasingly focused on cutting down delivery times as many countries race to rearm in the face of deepening geopolitical tensions. 'The urge to speed up the upgrade of Europe's defense, to shorten lead times, is definitely a trend,' Saab Chief Executive Officer Micael Johansson said by phone after the company published quarterly earnings.
