Saab shares surge on Q2 beat, guidance upgrade
By Benjamin Chiou
Date: Friday 18 Jul 2025
(Sharecast News) - Shares in Saab surged in Stockholm on Friday after the Swedish aerospace and defence giant reported huge jump in profits in the second quarter and raised its sales guidance, as the business continues to benefit from a rise in geopolitical conflict and defence spending across Europe.
The company, which makes everything from fighter jets and missiles to other defence systems, reported sales of SEK19.79bn for the second quarter, up 30% over last year and comfortably ahead of the SEK18.11bn consensus forecast.
Order bookings were down 28% at SEK28.40bn but above the SEK28.07bn predicted by analysts, while net income rocketed 52% to SEK1.54bn, beating the SEK1.29bn estimate.
All business areas reported sales growth compared with last year, with particularly strong growth reported in the Dynamics division (advanced weapon systems like sensors, missiles and torpedoes), which grew by 73%.
Looking ahead, Saab said it now expects organic sales to increase by 16-20% this year, compared with a previous target of 12-16%, as it reiterated its target for EBIT growth above organic sales growth.
"We are strengthening our market position and see a continued large interest in our products and solutions," said chief executive and president Micael Johansson.
"Saab's sales growth is high and we continue to invest to build capacity and meet long-term strong demand from the defence sector. At the same time, we continue to deliver strong profitability."
The stock was up 16.3% at SEK558.70 by 1411 in Stockholm.
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