Saab reports a record year for 2025 with fourth quarter increased to SEK 100,111m (17,556). Sales amounted to SEK 27,697m (20,850) which corresponded to an organic sales growth of 34.5% (29.3). All business areas and Combitech reported sales growth, with particularly strong development in Surveillance and Dynamics.
“I am pleased to end the year with strong results for order bookings, sales, operating income and operational cash flow in the quarter. 2025 was a record year for Saab where we secured several important orders and continued to see high demand. At the same time, we continue to invest in capacity expansion and new capabilities to build for future growth. Based on our strong market momentum and order backlog we are upgrading our medium-term target for organic sales growth,” says Micael Johansson, President and CEO, Saab.
Key highlights Q4 2025
- EBITDA amounted to SEK 4,203m (2,734) and corresponded to an EBITDA margin of 15.2% (13.1).
- EBIT increased 67% and amounted to SEK 3,261m (1,953), corresponding to a margin of 11.8% (9.4). Adjusted for the divestment of Saab TransponderTech AB, that generated a capital gain of SEK 336m, EBIT increased 50% to SEK 2,925m (1,953), corresponding to a margin of 10.6% (9.4).
- Net income increased to SEK 2,568m (1,442) and earnings per share amounted to SEK 4.73 (2.66).
- Operational cash flow increased to SEK 6,281m (3,558).
- Net liquidity amounted to SEK 3,989m (2,211).
- The Board proposes a dividend for 2025 of SEK 2.40 (2.00) per share.
- Upgraded medium-term targets for 2023-2027: organic sales growth of around 22% (CAGR) (changed from 18%). EBIT growth to be higher than the organic sales growth and a cumulative cash conversion of >60% (unchanged).
