Saab has recorded Skr100.11bn ($11.07bn) in order bookings for the fourth quarter of 2025 (Q4 2025), a year-on-year increase of 470% fuelled by several major contracts.
The value of large orders amounted to Skr82.55bn, while medium-sized orders totalled Skr13.94bn for the reported quarter.
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Saab’s quarterly sales reached Skr27.69bn in Q4 2025, increasing by 32.8% from Skr20.85bn in the same period a year ago.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) came in at Skr4.20bn for the quarter, up from Skr2.73bn a year earlier.
Net income for the quarter climbed to Skr2.57bn, which translates to earnings per share of Skr4.73.
For the full year, Saab’s order bookings totalled Skr.168.52bn, representing a 74% increase over the previous year’s Skr96.79bn. Large orders expanded by 117% to reach Skr106.57bn.
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By GlobalDataThe company’s order backlog at year-end stood at Skr274.53bn, up from the previous year’s Skr187.22bn. Approximately 72% of this backlog is attributable to international markets.
Over the full year, sales amounted to Skr79.15bn, representing a 24.1% growth from Skr63.75bn in FY24.
Gross income increased by 26% to stand at Skr17.17bn from last year’s Skr13.66bn as a result of higher sales volumes and improved margins in Aeronautics and Surveillance.
Saab president and CEO Micael Johansson said: “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.”
Following the strong results, Saab revised its medium-term targets for 2023 to 2027.
The company now projects compound annual organic sales growth of approximately 22%, up from the previous target of 18%.
Earnings before interest and taxes (EBIT) growth is expected to outpace organic sales growth, while the cumulative cash conversion target remains above 60%.
“Based on our strong market momentum and order backlog we are upgrading our medium-term target for organic sales growth,” Micael Johansson added.
In November last year, Poland chose Sweden’s proposal featuring Saab’s A26 Blekinge-class submarines for its Orka submarine programme. The programme has an estimated value of 10bn zlotys ($2.73bn).
Saab also secured a contract, valued at approximately Skr12.3bn ($1.33bn), with France’s General Directorate of Armaments (DGA) to supply two GlobalEye Airborne Early Warning and Control (AEW&C) aircraft in December last year.
