Saab’s interim results demonstrated strong progression towards its full-year targets although earnings were slightly below market expectations. The company continues to invest heavily in its major platforms for future growth and while order intake levels in the first half were more back to normal, future backlog development is expected. The overall positive momentum for global defence and security spending should support this ambition. Backlog execution with improved mix and modest efficiency improvements should support the targets of 5% organic growth and a move towards a 10% margin in the coming years.
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Flying high
Saab’s interim results demonstrated strong progression towards its full-year targets although earnings were slightly below market expectations. The company continues to invest heavily in its major platforms for future growth and while order intake levels in the first half were more back to normal, future backlog development is expected. The overall positive momentum for global defence and security spending should support this ambition. Backlog execution with improved mix and modest efficiency improvements should support the targets of 5% organic growth and a move towards a 10% margin in the coming years.