Saab Anticipates Double-Digit Organic Sales Growth in 2025
Stockholm, Sweden – Saab AB, a Swedish defense and security company, announced revised financial targets for the 2023-2027 period. The company now projects organic sales growth of between 12% and 16% in 2025, exceeding its previous forecast.
Saab also raised its medium-term organic sales growth target to approximately 18% annually (CAGR) for the 2023-2027 period, up from the previously estimated 15% CAGR.
These projections reflect the robust demand for Saab's products and services, driven by heightened global tensions and increased armament spending. The company emphasizes ongoing investments in capacity expansion to meet this growing demand.
"We anticipate sustained high demand for our portfolio and aim to accelerate Saab's growth by strategically allocating investments to enhance our production capabilities," said Micael Johansson, President and CEO of Saab.
Saab's financial results for the fourth quarter of 2022 (October-December) were in line with earlier pre-announced estimates. The company's solid performance is attributed to the industry-wide demand surge for defense equipment.