SAAB (SAAB) Q4 2024 earnings summary

Executive summary

• Achieved strong full-year and Q4 results, with organic sales growth of 23.4%–24% and EBIT growth of 32.5%–33%, supported by high order intake and robust operational execution across all business areas.

• Order intake increased 24% year-over-year to SEK 96.8 billion, with backlog up 22% to SEK 187–187.2 billion and over 72% attributable to international markets.

• Delivered on 2024 ambitions, driven by strong global defense demand and major investments in capacity, R&D, and new technologies.

• Board proposes a dividend of SEK 2.00 per share, up from SEK 1.60, to be paid in two instalments.

• Sustainability efforts advanced, with Scope 1 and 2 emissions reduced by 6.4% for the year and supplier engagement for Net Zero by 2050.

Financial highlights

• Full-year sales reached SEK 63.8 billion, up 24%, with Q4 sales up 29% to SEK 20.9 billion; organic growth was 23.4%.

• EBIT increased 33% to SEK 5.7 billion, with EBIT margin at 8.9% for the year and 9.4% in Q4.

• Net income rose 22% to SEK 4.2 billion; EPS up 23% to SEK 7.74.

• Operational cash flow for the year was SEK 2.5 billion, with Q4 cash flow at SEK 3.6 billion.

• Net liquidity at year-end was SEK 2.2 billion; cash and liquid investments at SEK 13.4 billion.

Outlook and guidance

• 2025 guidance: organic sales growth of 12–16%, EBIT growth above sales growth, and continued positive operational cash flow.

• Medium-term (2023–2027): organic sales CAGR target raised to ~18%, EBIT growth to outpace sales, and cash conversion target to exceed 60%.

• Focus on scaling capacity, maintaining profitability, and supporting growth through investments.