Investing.com -- Saab AB reported third quarter revenue of SEK 20.55 billion, representing organic growth of 30.6% compared to SEK 15.87 billion in the same period last year. The Swedish defense contractor's EBIT rose 42% to SEK 1.95 billion, yielding a margin of 9.5%, up from 8.7% in the prior year quarter.
The company's EBITDA reached SEK 2.83 billion, corresponding to a margin of 13.8%, compared to SEK 2.17 billion and a 13.7% margin in the third quarter of 2025. Net income increased to SEK 1.43 billion from SEK 975 million, with earnings per share of SEK 2.57 versus SEK 1.77 in the year-ago period.
Order bookings surged to SEK 65.83 billion from SEK 20.86 billion in the prior year quarter, driven by major contracts including a SEK 24.6 billion order for Gripen E fighter jets to Ukraine, a SEK 10.1 billion GlobalEye order to an undisclosed customer, and a SEK 8.7 billion order for systems for German frigates.
"We delivered a quarter marked by high organic sales growth, significantly increased cash flow and strong order bookings," said Micael Johansson, President and CEO. "The growing customer demand is reflected in major contract awards, including Gripen for Ukraine, GlobalEye and an order related to Germany's new frigates."
Operational cash flow improved substantially to SEK 6.79 billion from SEK 142 million in the third quarter of 2025. Net liquidity stood at SEK 8.68 billion at quarter-end, compared to SEK 3.99 billion at the end of 2025.
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