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Saab 9M sales increased 6 percent

Staff writer |
Saab presented the results for January-September 2015. During the year’s first nine months, sales amounted to MSEK 17,116 (16,102), an increase of 6 percent compared to last year.

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The business area Aeronautics increased sales considerably as a result of part deliveries of Gripen for Sweden and Brazil.

The operating income amounted to MSEK 553 (901) during the period, and the operating margin was 3.2 percent (5.6).

The operating income was impacted by continued investments in the cooperation with Boeing in order to participate in the U.S. Air Force’s upcoming procurement regarding trainer aircraft, the so called T-X program, and an operating loss in business area Dynamics following low order bookings previous years.

The cash flow was strengthened during the third quarter, mainly due to milestone payments within Saab Kockums and the Gripen programmes.

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