Saab Q1 Sales Surge 21% YoY

Saab AB posted Q1 sales of 19.2 bn Swedish crowns, up 21% YoY, with 23.6% organic growth.
Operating profit rose 32% to 1.92 bn crowns, improving margin to 10.0% from 9.2% a year earlier.
Order intake fell 5% to 18.2 bn crowns, yet the backlog stayed strong at 274 bn crowns, driven by medium orders.
CEO Micael Johansson said global defence spending remains robust and reaffirmed a 22% annual organic sales growth target through 2027.