Saab AB (SAABY), a Swedish aerospace and defence company, Friday reported income before taxes of SEK 1.621 billion for the first quarter, higher than SEK 1.009 billion in the same quarter a year ago, primarily helped by growth in sales.
Operating income increased to SEK 1.454 billion from SEK 1.191 billion in the prior year.
EBITDA, or earnings before interest, taxes, depreciation, and amortization rose to SEK 2.140 billion from SEK 1.819 billion last year.
Net income increased to SEK 1.277 billion or SEK 2.35 per share from SEK 784 million or SEK 1.43 per share a year ago.
Sales for the quarter grew to SEK 15.792 billion from $14.185 billion in the previous year.
Order intake for the first quarter was SEK 19.144 billion, up from SEK 18.495 billion last year.
For fiscal 2025, the company continues to expect organic sales growth in the range of 12%-16%. It sees Operating income growth higher than organic sales growth for the year.
Looking ahead, Micael Johansson President and CEO said, "Ongoing geopolitical tensions and uncertainty surrounding tariffs presents challenges and make it difficult to predict the future. Despite these uncertainties, we remain confident in our company's future and reiterate our outlook for 2025."
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