US EditionSaab posts record first-quarter earnings as European defence demand rises
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Saab posts record first-quarter earnings as European defence demand rises
Swedish defence company Saab (STO: SAAB B) has reported its strongest first quarter on record, buoyed by growing European military spending and strong operational execution across all divisions. In the three months to 31 March 2025, sales rose 11% year-on-year to SEK 15.79bn (from SEK 14.19bn), marking Saab’s highest-ever first-quarter revenue. Organic sales growth was also strong at 11%, supported by high project activity and backlog executio…
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