Saab: 4Q Order Bookings Reach SEK20.1B

Saab Reports Strong Fourth-Quarter Earnings Amid Global Defense Spending Surge

Saab, the Swedish defense company, has defied expectations with its latest earnings report, announcing a net profit of 1.22 billion kronor ($116.5 million) in the fourth quarter. This represents a notable increase from the previous year’s profit of SEK1.12 billion. Additionally, Saab’s sales rose by 16% to SEK16.12 billion during the same period, surpassing analysts’ expectations. The positive results can largely be attributed to the ongoing surge in global defense spending.