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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 RTTNews Staff Writer

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