Key highlights Q2 2022
* Strong order intake of
* Sales in line with same period last year, amounting to
* EBITDA amounted to
* Operating income increased 3% and amounted to
* Net income for the period amounted to
* Operational cash flow was
* Statement by
* Well Positioned to Capture Long-Term Growth
The security landscape has changed dramatically this year due to the tragic war in
We are well positioned to meet demand in our core areas, and currently see strong interest in training, advanced weapon systems and sensors. We are taking initiatives to increase future capacity and we are working closely with our partners to secure resources and supply for a ramp-up in production. With Swedish NATO membership, there are also increased opportunities for Saab to provide state-of-the-art defence capabilities to the alliance and its member countries, as well as gaining access to
In the second quarter, Saab's order intake increased 76%, driven by both large and medium-sized orders. An important order in the quarter was
Our operational performance is progressing well and we have so far no significant negative impact from supply chain issues on our deliveries. However, inflation, availability of certain materials and transportation remain challenging.
During the period, Saab held the keel-laying ceremony for the first Swedish A26 submarine, where its first hull sections were connected. This is an important milestone in the construction of one of the most advanced conventional submarines in the world. Another key milestone in the quarter was the shipment of the last of five fully installed EMD T-7A aft fuselages to our partner
Sales in the quarter was in line with the same quarter last year and amounted to
Operating income increased 3% in the second quarter compared to last year and amounted to
Operational cash flow amounted to
We believe nations' defence capabilities are vital for peace and democracy, which is the foundation of sustainability and the UN Sustainable Development Goals. We continue to execute on our new sustainability strategy. During the quarter, focus has been on strengthening governance and initiating
Our opportunities for growth have improved as governments increase their defence budgets to protect their people and societies. With our strong product portfolio and international presence as a foundation, we are prepared to meet our customers' increased demand.
Financial highlights
MSEK Jan-Jun 2022 Jan-Jun 2021 Change, % Q2 2022 Q2 2021 Change, % Full Year 2021
Order bookings 25,478 15,746 62 17,363 9,875 76 43,569
Order backlog 112,367 96,714 16 105,177
Sales 19,389 19,219 1 10,171 10,131 0 39,154
Gross income 4,156 4,047 3 2,122 2,113 0 8,205
Gross margin, % 21.4 21.1 20.9 20.9 21.0
EBITDA 2,403 2,262 6 1,255 1,196 5 4,826
EBITDA margin, % 12.4 11.8 12.3 11.8 12.3
Operating income (EBIT) 1,392 1,312 6 738 715 3 2,888
Operating margin, % 7.2 6.8 7.3 7.1 7.4
Net income 805 910 -12 433 514 -16 2,025
of which Parent Company's shareholders' interest 775 897 -14 421 505 -17 1,926
Earnings per share after dilution,SEK 5.80 6.73 3.15 3.78 14.45
Return on equity, % -1? 7.8 5.2 9.0
Operational cash flow 352 2,992 531 3,152 3,276
Free cash flow 34 2,763 395 3,028 2,737
Free cash flow per share after dilution,SEK 0.25 20.72 2.95 22.69 20.53
Average number of shares after dilution 133,547,690 133,351,912 133,782,303 133,446,047 133,293,340
-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 Q2 2022 Presentation
Saab's CEO and President
Date: Thursday, 21 July at10.00 a.m. (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/q2-2022.
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:
+46 (0)734 180 018
presscentre@saabgroup.com
+46 (0)734 182 071
merton.kaplan@saabgroup.com
www.saab.com
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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