Saab AB (publ) Q3 2025 Earnings Recap

Saab reported a strong Q3 2025, highlighted by robust order intake and significant growth across various business segments, bolstered by geopolitical demand, particularly from Ukraine.

Key Takeaways

• Total order intake reached almost SEK 21 billion, with SEK 16 billion secured in October alone, indicating strong future growth potential.
• Organic growth for the first nine months was a remarkable 21%, with Q3 being the strongest quarter in terms of top-line performance and EBIT.
• The company raised its revenue guidance for 2025 to a range of 20% to 24%, up from 16% to 20%, reflecting improved market conditions and demand.
• Aeronautics business achieved a 34% growth compared to the previous year, although profitability remains impacted by ramp-up costs related to a U.S. trainer aircraft program.
• Dynamics division reported a significant 34% growth in the first nine months, driven by medium-sized orders and increased capacity investments.