Saab Raises Forecast for 2024: Convincing Revenue Increase Expected

The Swedish defense company Saab has raised its forecast for organic sales growth in 2024 to an impressive 23.4%. This figure surpasses the previous outlook, which was at the upper end of the 15% to 20% range. For the fourth quarter, Saab expects an operating profit of 2 billion Swedish kronor, which represents a significant increase compared to the 1.4 billion kronor in the same quarter of the previous year. Additionally, the company anticipates revenue of 20.9 billion kronor for the same period, leading to total annual sales of 63.8 billion kronor. This is a significant increase from the previous year's 51.6 billion kronor. The final business figures for 2024 will be announced on February 7.