Here are Renato’s quick comments on Saab’s Q2 results. ![]()
Saab’s Q2 result exceeded both our and the consensus expectations regarding revenue, operating profitability, and earnings per share. Particularly notable was the 29.8% organic revenue growth, which, combined with operating leverage, pushed the adjusted operating margin to 11.0%. Order intake fell short of our high expectations, but maintaining high delivery volumes while improving margins reinforces our view of Saab’s execution and will likely raise our near-term forecasts.