Saab Raises Sales Outlook For 2024

Saab AB SAAB_B:

• STARTED 2024 BY DELIVERING INCREASED ORDER INTAKE, STRONG SALES GROWTH AND IMPROVED PROFITABILITY

• WE NOW UPGRADE OUR OUTLOOK FOR FULL YEAR ON ORGANIC SALES GROWTH

• UPGRADED SALES OUTLOOK 2024: ORGANIC SALES GROWTH BETWEEN 15-20%, COMPARED TO PREVIOUS OUTLOOK OF BETWEEN 12-16%

• WE CONTINUE TO PUT INTENSE FOCUS ON CUSTOMER DELIVERIES AND CAPACITY GROWTH AS WELL AS INVESTING IN FUTURE CAPABILITIES

• OPERATIONAL CASH FLOW IN THE QUARTER WAS SEK -2.0 BILLION (3.1), DRIVEN BY THE HIGHER LEVEL OF INVESTMENT, INCREASED INVENTORY AND FEWER LARGE CUSTOMER MILESTONE PAYMENTS

• AS WE CONTINUE TO INCREASE OUR BUSINESS VOLUMES, WE REMAIN CAUTIOUS ABOUT THE SUPPLY CHAIN AS A POTENTIAL LIMITING FACTOR ON GROWTH