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Saab AB

SAABb.ST

Latest Trade

316.40SEK

Change

-1.30(-0.41%)

Volume

163,157

Today's Range

312.80

 - 

317.90

52 Week Range

258.00

 - 

352.60

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Saab Gets Order For Components For The U.S. Marine Corps G/ATOR Radar

Dec 9 (Reuters) - Saab AB <SAABb.ST>::SAAB RECEIVES ORDER FOR COMPONENTS FOR THE U.S. MARINE CORPS G/ATOR RADAR.ORDER FOR COMPONENTS AND SUBSYSTEMS IN SUPPORT OF FULL RATE PRODUCTION FOR U.S. MARINE CORPS GROUND/AIR TASK ORIENTED RADAR.INITIAL ORDER VALUE IS USD 31.9 MILLION.CONTRACT INCLUDES OPTIONS FOR ADDITIONAL SYSTEMS OVER A FIVE-YEAR PERIOD..DELIVERIES ARE ANTICIPATED TO TAKE PLACE BETWEEN 2020 AND 2024..SAAB'S ORDER INCLUDES OPTIONS FOR ADDITIONAL SETS OF ASSEMBLIES AND ASSOCIATED SPARES..

United Arab Emirates Intends To Procure Additional GlobalEye From Saab

Nov 19 (Reuters) - Saab AB <SAABb.ST>::UNITED ARAB EMIRATES ANNOUNCES INTENTION TO PROCURE ADDITIONAL GLOBALEYE FROM SAAB.ACCORDING TO TODAY'S ANNOUNCEMENT, POTENTIAL ORDER VALUE RELATED TO THIS CONTRACT AMENDMENT WOULD BE USD 1.018 BILLION.UNITED ARAB EMIRATES ANNOUNCED TODAY, AT DUBAI AIRSHOW, THAT THEY INTEND TO CONCLUDE A CONTRACT AMENDMENT FOR PURCHASE OF TWO ADDITIONAL GLOBALEYE AIRBORNE EARLY WARNING & CONTROL AIRCRAFT FROM SAAB.POTENTIAL ORDER VALUE RELATED TO THIS CONTRACT AMENDMENT WOULD BE USD 1.018 BILLION.SAAB HAS NOT YET SIGNED CONTRACT AMENDMENT OR RECEIVED AN ORDER RELATING TO TODAY'S ANNOUNCEMENT.

Saab Q3 Operating Income Swings To Profit Of SEK 518 Million

Oct 22 (Reuters) - Saab AB <SAABb.ST>::SAAB'S RESULTS JANUARY-SEPTEMBER 2019.Q3 ORDER BOOKINGS SEK 9,383 MILLION VERSUS SEK 4,519 MILLION YEAR AGO.Q3 OPERATING INCOME SEK 518 MILLION VERSUS LOSS SEK 61 MILLION YEAR AGO.Q3 SALES SEK 7,914 MILLION VERSUS SEK 6,419 MILLION YEAR AGO.EFFORTS TO IMPROVE EFFICIENCY AND INCREASE PRODUCTIVITY ARE CONTINUING AND MEASURES TAKEN ARE REFLECTED IN PERIOD'S STRONGER OPERATING MARGIN COMPARED TO Q3 OF 2018.OUTLOOK STATEMENT FOR 2019: WE ESTIMATE THAT SALES GROWTH IN 2019 WILL BE IN LINE WITH SAAB'S LONG-TERM FINANCIAL GOAL: ANNUAL ORGANIC SALES GROWTH OF 5 PER CENT.NEGATIVE CASH FLOW CAN MAINLY BE ATTRIBUTED TO HIGH LEVEL OF COMPLETION OF SAAB'S MAJOR CONTRACTS, MAINLY IN AERONAUTICS.OUTLOOK STATEMENT FOR 2019: OPERATING MARGIN IN 2019, EXCLUDING MATERIAL NON-RECURRING ITEMS, IS EXPECTED TO IMPROVE COMPARED TO 2018.SAAB MAINTAINS ITS VIEW THAT OPERATIONAL CASH FLOW WILL BE AT A BETTER LEVEL FOR FULL-YEAR 2019 THAN 2018, AS LARGE MILESTONE PAYMENTS ARE SCHEDULED IN Q4.LONG-TERM FINANCIAL GOAL: AN OPERATING MARGIN OF 10 PER CENT PER YEAR OVER A BUSINESS CYCLE.SEVERAL ORDERS CONTRIBUTED POSITIVELY TO QUARTER, PRIMARILY ORDER FROM FINLAND'S MINISTRY OF DEFENCE TO PROVIDE AND INTEGRATE COMBAT SYSTEM FOR FINLAND'S NEW CORVETTES AS PART OF SQUADRON 2020 PROGRAMME.MARKET DEMAND REMAINS STRONG AND GOING FORWARD SAAB SEES GOOD BUSINESS OPPORTUNITIES.

HiQ Broadens Its Collaboration With Saab

Oct 11 (Reuters) - HiQ International AB <HIQ.ST>::HIQ BROADENS ITS COLLABORATION WITH SAAB.HIQ IS EXPANDING ITS COLLABORATION WITH DEFENCE GROUP SAAB.IN ADDITION TO SEVERAL ONGOING RESEARCH AND DEVELOPMENT AGREEMENTS, HIQ HAS NOW ALSO SIGNED A FRAMEWORK AGREEMENT FOR IT SERVICES..COLLABORATION IS NOW BEING INITIATED FOR VARIOUS SERVICES REGARDING DEFENCE GROUP'S IT PLATFORMS.

Saab Selected As Combat System Provider For Squadron 2020 Programme

Sept 19 (Reuters) - Saab AB <SAABb.ST>::SAAB SELECTED AS COMBAT SYSTEM PROVIDER FOR FINNISH SQUADRON 2020 PROGRAMME.SAAB HAS NOT YET SIGNED A CONTRACT OR RECEIVED AN ORDER RELATING TO SQUADRON 2020.FINLAND'S MINISTRY OF DEFENCE HAS STATED THAT CONTRACT IS SCHEDULED TO BE SIGNED ON 26 SEPTEMBER 2019 AND THAT ORDER VALUE WILL BE 412 MILLION EURO.CONTRACT PERIOD WILL BE 2019-2027 AND SCOPE WILL INCLUDE A RANGE OF SOLUTIONS, INCLUDING SAAB'S 9LV COMBAT MANAGEMENT SYSTEM, RELATED SENSORS AND OTHER SYSTEMS.

Saab Appoints Micael Johansson New President And CEO

Sept 4 (Reuters) - Saab AB <SAABb.ST>::MICAEL JOHANSSON NEW PRESIDENT AND CEO OF SAAB.MICAEL JOHANSSON WILL TAKE UP HIS POSITION ON OCTOBER 23, REPLACING HÅKAN BUSKHE.FROM OCTOBER 23, HÅKAN BUSKHE WILL ACT AS AN ADVISOR TO SAAB.HÅKAN BUSKHE WILL CONTINUE HIS EMPLOYMENT IN ACCORDANCE WITH HIS EMPLOYMENT CONTRACT UNTIL FEBRUARY 11, 2020.

Saab Appoints Chief Marketing Officer

Aug 28 (Reuters) - Saab AB <SAABb.ST>::SAAB APPOINTS CHIEF MARKETING OFFICER.SAAB HAS APPOINTED DEAN ROSENFIELD AS CHIEF MARKETING OFFICER, RESPONSIBLE FOR MARKETING AND SALES.DEAN ROSENFIELD ALSO BECOMES A MEMBER OF GROUP MANAGEMENT.DEAN ROSENFIELD IS TODAY HEAD OF MARKET AREA ASIA PACIFIC AND WILL TAKE UP HIS NEW POSITION FROM 1 JANUARY 2020.

President And CEO Håkan Buskhe Leaves Saab

Aug 11 (Reuters) - Saab AB <SAABb.ST>::PRESIDENT AND CEO HÅKAN BUSKHE LEAVES SAAB 2020.HÅKAN BUSKHE HAS INFORMED SAAB'S BOARD OF DIRECTORS THAT HE IS LEAVING POSITION OF PRESIDENT AND CEO.BOARD WILL NOW BEGIN RECRUITMENT OF A SUCCESSOR FOR THE POSITION OF CEO.HÅKAN BUSKHE WILL LEAVE SAAB BY FEBRUARY 2020.

Saab Comments On MoU Between Sweden and UK Concenrning FCAS

July 19 (Reuters) - Saab AB <SAABb.ST>::ON 18 JULY 2019, GOVERNMENTS OF SWEDEN AND UNITED KINGDOM SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) REGARDING CO-OPERATION ON FUTURE COMBAT AIR SYSTEMS.SAAB HAS NOT YET RECEIVED AN ORDER IN RELATION TO FCAS MOU.SAYS SAAB VIEWS AGREEMENT AS A STARTING POINT FOR EXPLORING OPPORTUNITY FOR JOINT DEVELOPMENT OF A FUTURE COMBAT AIR SYSTEM, WHICH WILL ALSO READ ACROSS INTO CONTINUED LONG-TERM DEVELOPMENT OF EXISTING PLATFORMS INCLUDING GRIPEN.

SAAB AB Q2 Operating Income Rises To SEK 630 Million

July 19 (Reuters) - Saab AB <SAABb.ST>::SAAB'S RESULTS JANUARY-JUNE 2019.Q2 ORDER BOOKINGS SEK 5,228 MILLION VERSUS SEK 6,529 MILLION YEAR AGO.Q2 OPERATING INCOME SEK 630 MILLION VERSUS SEK 458 MILLION YEAR AGO.Q2 SALES SEK 8,445 MILLION VERSUS SEK 7,953 MILLION YEAR AGO.WE ESTIMATE THAT SALES GROWTH IN 2019 WILL BE IN LINE WITH SAAB'S LONG-TERM FINANCIAL GOAL: ANNUAL ORGANIC SALES GROWTH OF 5 PER CENT.OPERATING MARGIN IN 2019, EXCLUDING MATERIAL NON-RECURRING ITEMS, IS EXPECTED TO IMPROVE COMPARED TO 2018.LONG-TERM FINANCIAL GOAL: AN OPERATING MARGIN OF 10 PER CENT PER YEAR OVER A BUSINESS CYCLE.EXPECTS OPERATIONAL CASH FLOW TO BE NEGATIVE FOR FULL-YEAR 2019, BUT AT A BETTER LEVEL THAN 2018.OPERATIONAL CASH FLOW WILL CONTINUE TO BE AFFECTED DURING YEAR BY TIMING DIFFERENCES IN PAYMENTS FOR MAJOR PROJECTS WITH A HIGH ACTIVITY LEVEL.INCREASE IN SALES IS PRIMARILY RELATED TO HIGHER LEVEL OF DELIVERIES WITHIN BUSINESS AREA DYNAMICS AND A HIGHER ACTIVITY LEVEL WITHIN BUSINESS AREA INDUSTRIAL PRODUCTS AND SERVICES.EFFORTS TO ADAPT PRODUCT PORTFOLIO, INCREASE MARKETING EFFICIENCY AND ACCELERATE PACE OF AUTOMATION AND DIGITISATION IN OPERATIONS CONTINUES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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