Saab presents the results for January-
Key highlights Q1 2022
- Order intake of
SEK 8,115m (5,871), corresponding to a growth of 38%, with increases in most business areas driven by medium-sized orders. -
Sales amounted to
SEK 9,218m (9,088), with a growth of 1.4%. -
EBITDA increased and amounted to
SEK 1,148m (1,066), with a margin of 12.5% (11.7). -
Operating income improved 10% and amounted to
SEK 654m (597). The margin was 7.1% (6.6), driven by improved project execution and a favourable product mix. -
Operational cash flow in the quarter was
SEK -179m (-160). - Sustainability efforts continued with submittal of proposed targets to the Science-Based Targets initiative.
-
The AGM decided on a dividend of
SEK 4.90 per share to the shareholders.
Statement by the President and CEO
A solid start to the year in a changing landscape
We entered the year with hopes of a return to normal after the pandemic, but we are now witnessing a humanitarian tragedy as a result of the war in
Early implications of the crisis have changed the security landscape in
Due to the pandemic, we have worked intensively over the past years to manage our supply chain. With the growing geopolitical instability in the world, we see further supply chain challenges in our industry, as in many other businesses. We are working closely with our suppliers to mitigate future effects on shortages and ensure delivery of components. To meet a further demand, we will also steadily increase capacity.
In the first quarter of the year, we continued to see strong interest in Saab's portfolio, particularly in Dynamics and Surveillance. Order intake increased by 38%, driven by medium-sized orders across most business areas. Order intake in our international markets increased by 78%. Dynamics received orders for training systems to the
At the end of the quarter, the first two serially produced Gripen E fighters arrived in
Sales increased compared to the first quarter last year and amounted to
Operating income improved 10% and amounted to
Operational cash flow in the quarter was in line with our milestone payments plan and amounted to
During the quarter, we continued our extensive work on sustainability and strengthened our governance further. Consequently, we submitted proposed targets to the Science-Based Targets initiative connected to the Race to Zero commitment we announced last year.
As we leave a solid first quarter behind us, we will continue our journey with a focus on sustainable growth, strengthened profitability and cash flow.
Financial highlights
MSEK | Jan- | Jan- | Change, % | Full Year 2021 |
Order bookings | 8,115 | 5,871 | 38 | 43,569 |
Order backlog | 104,537 | 97,211 | 8 | 105,177 |
Sales | 9,218 | 9,088 | 1 | 39,154 |
Gross income | 2,034 | 1,934 | 5 | 8,205 |
Gross margin, % | 22.1 | 21.3 | 21.0 | |
EBITDA | 1,148 | 1,066 | 8 | 4,826 |
EBITDA margin, % | 12.5 | 11.7 | 12.3 | |
Operating income (EBIT) | 654 | 597 | 10 | 2,888 |
Operating margin, % | 7.1 | 6.6 | 7.4 | |
Net income | 372 | 396 | -6 | 2,025 |
of which Parent Company's shareholders' interest | 354 | 392 | -10 | 1,926 |
Earnings per share after dilution, SEK | 2.66 | 2.94 | 14.45 | |
Return on equity, % ¹⁾ | 8.4 | 5.2 | 9.0 | |
Operational cash flow | -179 | -160 | 3,276 | |
Free cash flow | -361 | -265 | 2,737 | |
Free cash flow per share after dilution, SEK | -2.71 | -1.99 | 20.53 | |
Average number of shares after dilution | 133,267,371 | 133,213,468 | 133,293,340 | |
¹⁾ Return on equity is measured over a rolling 12-month period. |
For more information and explanations regarding the usage of these key ratios, please see http://saab.com/investors/financial-data/key-ratios/
Saab's Interim Report January-
Saab's CEO and President
Date: Friday, 22 April at 10:00 (CET).
The report is published at
You are welcome to watch the live webcast or dial in to the conference call. It is possible to post questions over the conference call and the web.
Live webcast: https://www.saab.com/investors/webcast/q1-2022
Conference call:
Please, dial in using one of the numbers below.
The interim report, the presentation material and the webcast will be available on http://www.saab.com/investors.
For further information, please contact:
Mattias Rådström, Press Officer
+46 (0)734 180 018
presscentre@saabgroup.com
+46 (0)734 182 071
merton.kaplan@saabgroup.com
www.saab.com
Follow us on twitter: @saab
Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 18,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in
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