logo
Share SHARE
FONT-SIZE Plus   Neg

Saab Q1 Net Profit Down 4% - Quick Facts

Saab AB (SAABF.PK) posted 4% lower first-quarter net income of SEK 265 million compared with year-ago quarter's SEK 277 million, while earnings per share after dilution remained flat at SEK 2.56.

Sales increased 2% to SEK 5.57 billion from SEK 5.45 billion in the comparable period last year, reflecting a positive impact from acquisitions of 4 percent.

The company's outlook for 2012 remains unchanged, estimating sales to increase slightly compared with 2011, and operating margin before material net capital gains to be in line with 2011 operating margin, excluding material net capital gains, of 7.5 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
Follow RTT