Sweden's Saab misses Q1 sales estimates

Saab AB

23/04/2026 06:39

Overview

Swedish defence firm's Q1 sales grew 24% organically but missed analyst expectations

Q1 operating income beat analyst estimates, driven by higher margins across business areas

Company saw strong growth in Surveillance but fewer large orders this quarter

Outlook

Company did not provide specific guidance or outlook for future quarters or the full year

Result Drivers

SURVEILLANCE GROWTH - Co said Surveillance segment saw particularly strong sales growth in Q1

FEWER LARGE ORDERS - Order bookings declined due to fewer large orders received in the quarter

DEFENCE PRIORITIES ALIGNMENT - Co attributed results to product offering being well aligned with global defence priorities, per CEO Micael Johansson

Company press release: ID:nWkr1vkW6F

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 19.16 bln
SEK 19.82 bln (6 Analysts)
Q1 EPS
SEK 2.65
Q1 Net Income
SEK 1.47 bln
Q1 Operating Income
Beat
SEK 1.92 bln
SEK 1.71 bln (6 Analysts)
Q1 EBITDA
SEK 2.73 bln
Q1 EBITDA Margin
14.30%
Q1 Operating Margin
10.00%
Q1 Orders
SEK 18.24 bln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 8 "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy."

Wall Street's median 12-month price target for Saab AB is SEK570.00, about 0.9% above its April 22 closing price of SEK564.80

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 40 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)