Swedish Airforce Saab 340 with Erieye radar. Credit: Petkr.

Swedish aerospace and defence company Saab has reported strong results in the second quarter of 2021 driven by high project activity and defence deliveries.

In the second quarter of the year, the company registered total sales of $1.17bn (Skr10.13bn). The figure represents a 15% jump compared to $1.02bn (Skr8.84bn) recorded in the same period a year ago.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company received new orders worth $1.14bn (Skr9.88bn) in Q2 2021, an increase of 7% compared to the prior year’s quarter.

Saab’s gross income also recorded a 15% quarterly increase to $240m (Skr2.11bn) on a year-on-year basis.

However, the company net income dropped by 1% from $59.7m (Skr518m) in Q2 2020 to $59.2 (Skr514m) in Q2 2021.

EBITDA increased by 19% in the second quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In the first half of this year, the order backlog grew by 7% to $11.4bn (Skr96.7bn). Company sales also jumped by 14% in the first six months of 2021 compared to the same period a year before.

Saab president and CEO Micael Johansson said: “The activity in the defence market continued to be favourable in the second quarter and demand in our main markets remained good.

“This benefits Saab’s growth both internationally and in Sweden, supporting our multi-domestic strategy.”

Johansson further added that five out of six business areas showed improved volumes, while the civil aviation business reported a decline in sales.

As of 1 July, Saab implemented a new structure that reorganised its six businesses into four to improve operational efficiencies.

Headquartered in Stockholm, Sweden, Saab has operations and employees on all continents.

Recently, the company secured a nearly $75m order from the US Army to deliver Carl-Gustaf shoulder-fired ammunition.