Announcement • 10h
Saab Introduces Barracuda Poncho Camouflage Protection for Soldiers Saab has introduced its latest iteration of camouflage solutions, a poncho to protect individual soldiers from being detected by sensors operated by opposing forces across a variety of environments. Barracuda Poncho is Saab's latest addition to complement its existing Barracuda range of advanced camouflage solutions. The purpose of Barracuda Poncho is to hide the user from thermal and, in the arctic version, UV sensors while providing the freedom of movement to act swiftly and quietly. Its light weight of just above 1 kg makes Barracuda Poncho easy to deploy, wear and adjust. Barracuda Poncho provides visual and thermal protection across varied environments, including woodland, stony desert, and arctic conditions. Its reversible design enables a night and day configuration on each side, with enhanced thermal protection for night. The poncho will be on display at Saab's stand G180, Hall 6 at Eurosatory 2026. Announcement • May 10
Saab Launches New Bolide 2 Missile for RBS 70 Air Defence System Saab has launched the new Bolide 2 missile for the RBS 70 short-range air defence missile system. Bolide 2 brings a larger warhead and better terminal flight performance for superior capability, and an improved modular design to allow for future updates. Bolide 2 retains the unjammable guidance method used by RBS 70 with its previous missile generations. Deliveries are starting in 2027 and this new missile will become the standard ammunition for RBS 70 NG. Bolide 2 can be fired from the latest RBS 70 NG or prior generations. A series of successful test firings have already been conducted as part of the missile's development. Announcement • May 09
Saab Launches New Carl-Gustaf Anti-Tank Round Saab has launched its new anti-tank ammunition round for the Carl-Gustaf weapon during a live firing customer demonstration in May at Karlskoga, Sweden. The new round, designated HEAT 758, has been designed to defeat heavy armoured vehicles equipped with Explosive Reactive Armour (ERA). Vehicles protected by ERA are increasingly more common on the battlefield. HEAT 758 features a tandem warhead; the initial charge neutralises the ERA installed on the outside of the armoured vehicle, allowing the main charge to then successfully penetrate the main armour. The main charge can defeat up to 700mm of armour, enough to defeat the heaviest armoured vehicles. An undisclosed Carl-Gustaf customer has ordered HEAT 758 and production is underway. HEAT 758 uses Saab's Firebolt technology, meaning it can communicate with the Carl-Gustaf M4 weapon in which it is loaded and with the Fire Control Device 558 used to aim the M4, thereby simplifying the workload on the gunner while increasing first-round hit probability. Announcement • Apr 01
Saab AB (Publ) Approves Dividend for the Year 2025, Payable on 10 April 2026 and on 9 October 2026 Saab AB (publ) announced the Annual General Meeting held on 1 April 2026 decided on a dividend of SEK 2.40 per share to the shareholders, to be paid out in two equal instalments. At the first instalment, SEK 1.20 per share is paid with the record date 7 April 2026. At the second instalment, SEK 1.20 per share with the record date 6 October 2026. Payment of the dividend is expected to be made from Euroclear Sweden AB on 10 April 2026 and 9 October 2026, respectively. Announcement • Mar 13
Saab AB (Publ) Announces Developing Its Naval Offering and Consolidating Its Naval Operations into One Business Area, Effective from April 1, 2026 Saab AB (publ) announced developing its naval offering and consolidating its naval operations into one business area. In doing so, Saab increases the value it delivers to customers by creating synergies, improving efficiency and strengthening innovation. The new business area will be named Naval. The organisational change takes effect from 1 April 2026. This means that the operations of business area Kockums will be merged with the majority of the Naval Combat Systems unit, which currently forms part of business area Surveillance. The new business area Naval will be led by Mats Wicksell who is currently head of business area Kockums. Saab's naval operations are currently spread across several organisational units. Business area Kockums develops and produces surface vessels, submarines and autonomous underwater vehicles. Business unit Naval Combat Systems develops and produces combat management systems, fire control systems and secure communications solutions, as well as providing integration of these. The new business area Naval now brings these operations together under one organisation. Announcement • Feb 24
Joakim Westh Announces Not Stand for Re-Election to the Board of Saab AB (Publ) Saab AB (publ) announced that Joakim Westh has declined re-election to the board. Announcement • Feb 06
Saab AB (publ) Proposes Dividend for the Year 2025 Saab AB (publ) announced the board proposed a dividend for the year 2025 of SEK 2.40 per share (SEK 2.00 per share). Announcement • Jan 15
Saab Launches Second Polish SIGINT Ship On 14 January 2026, the launch of Poland's second SIGINT (Signals Intelligence) ship from Saab, ORP Henryk Zygalski, took place in Gdansk, Poland. ORP Henryk Zygalki is the second and final SIGINT ship built for Poland within the 'DELFIN' programme. The first ship named ORP Jerzy Rozycki, was launched on 1 July 2025. Before entering service, both ships will be equipped with the necessary reconnaissance systems and will undergo sea trials. Ship-based electronic intelligence systems will enable the acquisition of intelligence data across the entire spectrum of maritime electronic intelligence as part of its SIGINT role. The vessels within the 'DELFIN') programme are built by Saab as the prime contractor. Remontowa Shipbuilding S.A. is subcontracted to construct the ships, with Polish company MMC supporting Saab with design work. Saab is fully responsible for supplying and integrating the advanced mission systems. Other entities within the Polish defence industry are also involved in the implementation of the project. Deliveries of the ships, once the next phase of onboard installation work and sea trials are completed, are planned during 2027 and 2028. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €58.36, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 41x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 540% over the past three years. Announcement • Oct 02
Saab AB (publ), Annual General Meeting, Apr 01, 2026 Saab AB (publ), Annual General Meeting, Apr 01, 2026. Location: linkoping Sweden Announcement • Oct 01
Saab AB (Publ) Announces the Appointment of Nomination Committee for Annual General Meeting 2026 The Nomination Committee for Saab AB for the Annual General Meeting 2026 has now been appointed based on the shareholder structure on 29 August 2025. Members of the Saab Nomination Committee are: Marcus Wallenberg, Chairman of the Board of Saab ABDaniel Nodhäll, Investor ABPeter Wallenberg Jr, Wallenberg Investments ABOscar Bergman, Swedbank Robur FundsRoss Bendetson, WCM Investment Management. The Nomination Committee is assigned to prepare proposals regarding Chairman of the Annual General Meeting, Board of Directors, Chairman of the Board of Directors, Auditor as well as Board remuneration and fee to the Auditor. The Annual General Meeting of Saab AB will be held on Wednesday, 1 April 2026 in Linköping, Sweden. Announcement • Aug 19
Saab AB (publ) (OM:SAAB B) acquired Deform Ab. Saab AB (publ) (OM:SAAB B) acquired Deform Ab on August 18, 2025. As part o the acquisition, the name Deform will be retained and operations will continue in Degerfors. Deform Ab currently has 37 employees.
Saab AB (publ) (OM:SAAB B) completed the acquisition of Deform Ab on August 18, 2025. Declared Dividend • Aug 18
First half dividend of kr1.00 announced Shareholders will receive a dividend of kr1.00. Ex-date: 6th October 2025 Payment date: 10th October 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 21%. Announcement • Apr 10
Saab AB (publ) Approves Dividend for 2024, Payable on 17 April 2025 and on 10 October 2025 Respectively Saab AB (publ) at its Annual General Meeting held on 10 April 2025, decided on a dividend of SEK 2 per share to the shareholders, to be paid out in two equal instalments. At the first instalment, SEK 1 per share is paid with the record date 14 April 2025. At the second instalment, SEK 1 per share is paid with the record date 7 October 2025. Payment of the dividend is expected to be made from Euroclear Sweden AB on 17 April 2025 and 10 October 2025, respectively. Announcement • Jan 31
Saab Announces Executive Changes Saab announced a number of changes affecting the Group Management team of the company. Eva Karlsson has been appointed Senior Vice President, Chief Operating Officer (COO) and will be a member of Saab's Group Management team. Eva most recently comes from Dometic as President of Segment Land Vehicles for Europe, Middle East and Africa. She brings experience from previous operations and leadership roles within Dometic as well as from Assa Abloy and ABB. As a consequence, Saab's Group Operational Excellence organisation will sort under the new COO role and Charlotta Björklund, currently Senior Vice President, Operational Excellence, will therefore leave the Group Management team as of 1 March 2025 and subsequently report to the COO. Eva Karlsson will assume the position on 1 August 2025 at the latest. The business areas within Saab are experiencing strong growth and are as a consequence taking increased responsibility for their respective strategic priorities. Hence, the scope of the Group Strategy function is reduced and will become more focused on the common strategic areas of Saab. Therefore, Christian Hedelin, currently Senior Vice President and Chief Strategy Officer, will leave the Group Management team and report to Anders Carp, Deputy CEO. This change will take effect on 1 March 2025. Announcement • Jan 29
Saab AB (publ) Announces Executive changes Saab AB (publ) announced that Jonas Hjelm, currently Senior Vice President and Head of Government Affairs, will leave his position and the Group Management team to become Senior Advisor at Saab. The Government Affairs function will be headed by Per de la Gardie, currently Head of Government Affairs Sweden at Saab, as interim until a permanent replacement has been appointed. The function will report to Anders Carp, Deputy CEO, and this change will take effect on 29 January 2025. Announcement • Jan 17
Saab AB (Publ) Provides Earnings Guidance for the Fourth Quarter and Full Year 2024 Saab AB (publ) provided earnings guidance for the fourth quarter and full year 2024. The company announced that its sales for full year 2024 is expected to be approximately SEK 63.8 billion (51.6), corresponding to an organic sales growth of 23.4%. The company has previously communicated the organic sales growth outlook to be at the upper end of the range of 15-20% for the full year 2024. With the exception of the higher-than-expected sales growth for the full year, the company reiterate the outlook for 2024 of an operating income growth higher than the sales growth and positive operational cash flow.
The increased organic sales growth of 23.4% for the full year 2024 follows a higher-than-expected sales development due to exceptional project execution in the fourth quarter. Sales in the quarter is expected to be approximately SEK 20.9 billion (16.1) with an organic sales growth of 29.3%. The operating income in the fourth quarter is expected to improve to approximately SEK 2.0 billion (1.4). The operating margin in the fourth quarter is expected to be 9.4% (8.8). Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: kr1.81 (vs kr1.23 in 3Q 2023) Third quarter 2024 results: EPS: kr1.81 (up from kr1.23 in 3Q 2023). Revenue: kr13.5b (up 18% from 3Q 2023). Net income: kr966.0m (up 48% from 3Q 2023). Profit margin: 7.1% (up from 5.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 22
Saab AB (publ) to Report Q1, 2025 Results on Apr 25, 2025 Saab AB (publ) announced that they will report Q1, 2025 results on Apr 25, 2025 Upcoming Dividend • Sep 30
Upcoming dividend of kr3.20 per share Eligible shareholders must have bought the stock before 07 October 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.0%). Buy Or Sell Opportunity • Jul 25
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to €21.51. The fair value is estimated to be €17.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: kr1.87 (vs kr1.46 in 2Q 2023) Second quarter 2024 results: EPS: kr1.87 (up from kr1.46 in 2Q 2023). Revenue: kr15.2b (up 22% from 2Q 2023). Net income: kr1.00b (up 29% from 2Q 2023). Profit margin: 6.6% (up from 6.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 18
Anna Wijkander to Become New CFO of Saab, Effective 9 September 2024 Saab announced that Anna Wijkander, currently Deputy CFO and Head of Corporate Control at the company, will become the company's new CFO and a new member of Saab's Group Management. This follows Saab's announcement on 4 April 2024 that the current CFO and deputy CEO, Christian Luiga, has decided to leave the company. Anna has been working at Saab since 2015. Her previous experience includes many years at Ericsson in several managerial finance positions. Anna Wijkander assumes the position as of 9 September 2024. Buy Or Sell Opportunity • May 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €19.88. The fair value is estimated to be €16.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Announcement • Apr 28
Saab AB (Publ) Upgrades Earnings Guidance for the Year 2024 Saab AB (publ) upgraded earnings guidance for the year 2024. For the year, company expects organic sales growth between 15-20%, compared to previous outlook of between 12-16%. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr5.77 (vs kr5.52 in 1Q 2023) First quarter 2024 results: EPS: kr5.77 (up from kr5.52 in 1Q 2023). Revenue: kr14.2b (up 24% from 1Q 2023). Net income: kr770.0m (up 5.2% from 1Q 2023). Profit margin: 5.4% (down from 6.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 12
Saab AB (Publ) Announces Board Changes Saab AB (publ) at its AGM held on 11 April 2024 elected Anders Ynnerman as new Board member. Sara Mazur had declined re-election. Announcement • Apr 11
Saab AB (Publ) Approves Dividend in Two Equal Installment, Payable on 18 April 2024 and 11 October 2024 Saab AB (publ) at its AGM held on 11 April 2024 approved dividend of SEK 6.40 per share to the shareholders, to be paid out in two equal instalments. At the first instalment, SEK 3.20 per share is paid with the record date 15 April 2024. At the second instalment, SEK 0.80 per share (provided implementation of the share split 4:1) with the record date 8 October 2024. Payment of the dividend is expected to be made from Euroclear Sweden AB on 18 April 2024 and 11 October 2024, respectively. Announcement • Apr 10
Saab Appoints Mikael Adelsberg as Chief Digital Officer and Head of Group Digitalisation, Effective 1 October 2024 Mikael Adelsberg, who joins Saab from Scania and Traton Group, is appointed as Head of Group Digitalisation and will become a member of Saab's Group Management. Mikael's title will be Chief Digital Officer. Mikael most recently held the position as Traton Group's (previously Volkswagen Truck and Bus) Head of Group R&D Electrics and Electronics/Software/Autonomous. Prior to that, Mikael held the position as Senior Vice President, Connected, Autonomous and Embedded systems at Scania. He has also been a board member of Scanitel. The new group function is created in order to meet the increase in demand for Saab's products due to the current geopolitical situation the world, as well as the fast pace of technological development taking place right now. The focus of the new role will initially be on software and digitalisation within the production, innovation and development areas. The change will take effect on 1 October 2024 at the latest. Upcoming Dividend • Apr 05
Upcoming dividend of kr3.20 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 18 April 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.0%). Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: kr25.44 (vs kr16.61 in FY 2022) Full year 2023 results: EPS: kr25.44 (up from kr16.61 in FY 2022). Revenue: kr51.6b (up 23% from FY 2022). Net income: kr3.38b (up 54% from FY 2022). Profit margin: 6.6% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 16
Dividend of kr3.20 announced Shareholders will receive a dividend of kr3.20. Ex-date: 12th April 2024 Payment date: 18th April 2024 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: kr25.44 (vs kr16.61 in FY 2022) Full year 2023 results: EPS: kr25.44 (up from kr16.61 in FY 2022). Revenue: kr51.6b (up 23% from FY 2022). Net income: kr3.38b (up 54% from FY 2022). Profit margin: 6.6% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 10
Saab AB (publ) to Report Nine Months, 2024 Results on Oct 22, 2024 Saab AB (publ) announced that they will report nine months, 2024 results on Oct 22, 2024 Announcement • Jan 17
Saab Appoints Heléne Bittmann as Its UAE Managing Director Heléne Bittmann Saab has appointed Heléne Bittmann as Managing Director for Saab in the UAE, taking over fromAnna-Karin Rosén, who has played a pivotal role in strengthening Saab UAE's position and operations since her appointment in 2018. Previously, Bittmann was the Head of Saab AB's wholly-owned production and development facility based in Abu Dhabi's Tawazun Industrial Park (TIP), where she was responsible for overseeing the company's operations, setting its strategic direction, as well as growing its market position and product portfolio. Vast experience Holding the rank of Major, Bittmann served in the Swedish Armed Forces, where she has had a distinguished career with a vast experience across different positions spanning tactical, operational and strategic levels. Announcement • Oct 27
Saab AB (publ) to Report Q1, 2024 Results on Apr 26, 2024 Saab AB (publ) announced that they will report Q1, 2024 results at 7:30 AM, Central European Standard Time on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr11.5b (up 32% from 3Q 2022). Net income: kr652.0m (up 114% from 3Q 2022). Profit margin: 5.7% (up from 3.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Aerospace & Defense industry in Germany. Announcement • Sep 15
Saab AB (publ) (OM:SAAB B) acquired 5% stake in Helsing GmbH for €75 million. Saab AB (publ) (OM:SAAB B) acquired 5% stake in Helsing GmbH for €75 million on September 14, 2023.Saab AB (publ) (OM:SAAB B) completed the acquisition of 5% stake in Helsing GmbH on September 14, 2023. Announcement • Sep 08
Saab AB (publ) (OM:SAAB B) acquired CrowdAI, Inc. Saab AB (publ) (OM:SAAB B) acquired CrowdAI, Inc. on September 7, 2023. Devaki will join Saab, Inc.’s newly established strategy office, based in San Diego, as the Chief Digital and AI Officer (CDAO).Saab AB (publ) (OM:SAAB B) completed the acquisition of CrowdAI, Inc. on September 7, 2023. Announcement • Sep 01
Saab AB (publ) (OM:SAAB B) acquired Blue Bear Systems Group Limited. Saab AB (publ) (OM:SAAB B) acquired Blue Bear Systems Group Limited on August 31, 2023. John Abrahamson and Carl Montalvo of SEB Corporate Finance acted as sole financial advisor to Saab.
Saab AB (publ) (OM:SAAB B) completed the acquisition of Blue Bear Systems Group Limited on August 31, 2023. Announcement • Jul 22
Saab AB (Publ) Revises Sales Guidance for the Year 2023 Saab AB (publ) revised sales guidance for the year 2023. Upgraded outlook for organic sales growth 2023: organic sales growth to be between 16-20%, compared to previous outlook of around 15%. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: kr5.83 (vs kr3.19 in 2Q 2022) Second quarter 2023 results: EPS: kr5.83 (up from kr3.19 in 2Q 2022). Revenue: kr12.5b (up 23% from 2Q 2022). Net income: kr774.0m (up 84% from 2Q 2022). Profit margin: 6.2% (up from 4.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year. Announcement • Jun 29
Honeywell International Inc. (NasdaqGS:HON) agreed to acquire Heads-up-display assets of Saab AB. Honeywell International Inc. (NasdaqGS:HON) agreed to acquire Heads-up-display assets of Saab AB on June 28, 2023. As part of the acquisition agreement, Saab will partner with Honeywell to develop and strengthen its HUD product line. The completion of the transaction is subject to certain closing conditions including the accomplishment of certain development milestones. Recent Insider Transactions • May 25
President recently sold €142k worth of stock On the 19th of May, Micael Johansson sold around 3k shares on-market at roughly €52.75 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Micael has been a net seller over the last 12 months, reducing personal holdings by €105k. Recent Insider Transactions • May 10
Employee Representative Director recently sold €53k worth of stock On the 4th of May, Stefan Andersson sold around 1k shares on-market at roughly €52.68 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €115k. Insiders have been net sellers, collectively disposing of €485k more than they bought in the last 12 months. Upcoming Dividend • Mar 30
Upcoming dividend of kr5.30 per share at 0.8% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.4%). Recent Insider Transactions • Mar 17
Insider recently sold €56k worth of stock On the 14th of March, Christian Hedelin sold around 1k shares on-market at roughly €55.51 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €115k. Insiders have been net sellers, collectively disposing of €458k more than they bought in the last 12 months. Reported Earnings • Mar 13
Full year 2022 earnings released: EPS: kr16.61 (vs kr14.57 in FY 2021) Full year 2022 results: EPS: kr16.61 (up from kr14.57 in FY 2021). Revenue: kr42.0b (up 7.3% from FY 2021). Net income: kr2.20b (up 14% from FY 2021). Profit margin: 5.2% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Feb 28
Insider recently sold €115k worth of stock On the 23rd of February, Anders Carp sold around 2k shares on-market at roughly €51.62 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €737k more than they bought in the last 12 months. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: kr16.61 (vs kr14.57 in FY 2021) Full year 2022 results: EPS: kr16.61 (up from kr14.57 in FY 2021). Revenue: kr42.0b (up 7.3% from FY 2021). Net income: kr2.20b (up 14% from FY 2021). Profit margin: 5.2% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 01
Agilitas Private Equity Services Limited entered into an agreement Maritime Traffic Management operations of Saab AB. Agilitas Private Equity Services Limited entered into an agreement Maritime Traffic Management operations of Saab AB on November 30, 2022.The enterprise value is approximately €40 million. Upon closing, Saab will divest the MTM operation to funds advised by Agilitas, and Saab will remain a minority shareholder, holding between 21 and 28 percent of preference shares, which will be determined at closing of the transaction. Completion of the divestment is subject to certain conditions that need to be fulfilled before closing, expected to close by March 2023. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr8.75b (up 9.5% from 3Q 2021). Net income: kr305.0m (up 3.0% from 3Q 2021). Profit margin: 3.5% (down from 3.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Announcement • Aug 25
Saab AB (publ) to Report Q1, 2023 Results on Apr 26, 2023 Saab AB (publ) announced that they will report Q1, 2023 results on Apr 26, 2023 Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: kr3.19 (vs kr3.81 in 2Q 2021) Second quarter 2022 results: EPS: kr3.19 (down from kr3.81 in 2Q 2021). Revenue: kr10.2b (flat on 2Q 2021). Net income: kr421.0m (down 17% from 2Q 2021). Profit margin: 4.1% (down from 5.0% in 2Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jul 21
Saab AB (publ) Reiterates Earnings Guidance for the Year 2022 Saab AB (publ) reiterated earnings guidance for the year 2022. The company reiterated its outlook of an organic sales growth around 5% for the full year. For the full year, the company estimates the operating income improvement to be at the upper end of its outlook range of 8-12%. Announcement • Jun 01
Lumibird SA (ENXTPA:LBIRD) completed the acquisition of Defense Laser Rangefinder Business of Saab AB (OM:SAAB B). Lumibird SA (ENXTPA:LBIRD) signed an agreement to acquire defense laser rangefinder business of Saab AB (publ) (OM:SAAB B) on March 3, 2021. Defense laser rangefinder business reported revenues of over €10 based on the year ended December 31, 2020. This transaction is subject to various conditions precedent, in particular approvals from the regulatory authorities. The transaction is expected to be finalized for the first half of 2022.
Lumibird SA (ENXTPA:LBIRD) completed the acquisition of Defense Laser Rangefinder Business of Saab AB (OM:SAAB B) on May 31, 2022. The transaction had received the required regulatory approvals. Recent Insider Transactions • May 24
President recently sold €52k worth of stock On the 18th of May, Micael Johansson sold around 1k shares on-market at roughly €39.61 per share. In the last 3 months, there was an even bigger sale from another insider worth €234k. Micael has been a seller over the last 12 months, reducing personal holdings by €30k. Announcement • May 13
Saab AB (Publ) Appoints Viktor Wallström as Senior Vice President and Head of Group Communication Saab has appointed Viktor Wallström as new Senior Vice President and Head of Group Communication. Viktor Wallström will start in the position no later than 1 October 2022 and will become a part of Saab's Group Management. Viktor Wallström is currently Executive Vice President, Communication & Sustainability at Tele2, a position he has held since 2013. During his time at Tele2, Viktor's roles have included heading the communication of one of Sweden's largest corporate mergers to date and he has taken Tele2's sustainability work to an industry leading position. Prior to Tele2, Viktor was press secretary at the Swedish National Grid and he has also worked as a consultant in Belgium and Sweden, mainly within the fields of public relations, internal communication and public affairs. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: kr2.68 (vs kr2.96 in 1Q 2021) First quarter 2022 results: EPS: kr2.68 (down from kr2.96 in 1Q 2021). Revenue: kr9.22b (up 1.4% from 1Q 2021). Net income: kr354.0m (down 9.7% from 1Q 2021). Profit margin: 3.8% (down from 4.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.3%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Apr 24
First quarter 2022 earnings released: EPS: kr2.68 (vs kr2.96 in 1Q 2021) First quarter 2022 results: EPS: kr2.68 (down from kr2.96 in 1Q 2021). Revenue: kr9.22b (up 1.4% from 1Q 2021). Net income: kr354.0m (down 9.7% from 1Q 2021). Profit margin: 3.8% (down from 4.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.7%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Apr 16
Saab AB (publ) to Report Fiscal Year 2022 Results on Feb 10, 2023 Saab AB (publ) announced that they will report fiscal year 2022 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 18% share price gain to €38.69, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €71.74 per share. Upcoming Dividend • Mar 31
Upcoming dividend of kr4.90 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 13 April 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.7%). In line with average of industry peers (1.3%). Recent Insider Transactions • Mar 12
Senior VP recently sold €234k worth of stock On the 10th of March, Annika Bäremo sold around 7k shares on-market at roughly €31.50 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €513k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 35% share price gain to €26.79, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Aerospace & Defense industry in Germany. Total loss to shareholders of 6.4% over the past three years. Recent Insider Transactions • Feb 25
CFO & Deputy CEO recently bought €61k worth of stock On the 22nd of February, Christian Luiga bought around 3k shares on-market at roughly €20.36 per share. This was the largest purchase by an insider in the last 3 months. Christian has been a buyer over the last 12 months, purchasing a net total of €103k worth in shares. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr14.57 (up from kr8.07 in FY 2020). Revenue: kr39.2b (up 11% from FY 2020). Net income: kr1.93b (up 80% from FY 2020). Profit margin: 4.9% (up from 3.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 4.5%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 10% per year. Announcement • Feb 11
Saab AB (Publ) Proposes Dividend for 2021 Saab AB (publ) proposes increase of the dividend to SEK 4.90 per share against 4.70 per share for 2021. 
