Saab Outlines Strategic Priorities and Growth Opportunities at Capital Markets Day

Saab is holding its Capital Markets Day in Karlskoga today, providing an update on the company’s strategic priorities and its work to capitalize on growth opportunities and ensure customer commitments are met. This is being achieved through continued capacity expansion, investments in digital transformation, and a focus on accelerating future capabilities.

– Saab remains steadfast in its commitment to being a leader in an uncertain geopolitical environment. We continue to scale up operations and accelerate the development of future capabilities. We are well-positioned to seize new market opportunities while delivering on our strong order backlog. This is a solid foundation for long-term growth and sustainable value creation, says Micael Johansson, Saab’s President and CEO.

At the Capital Markets Day, Saab presents its key focus areas:

• Capacity Upscaling. Saab ensures deliveries according to its customer commitments by continuing to increase capacity through industrialization and automation, and by building strong supply chains.
• Focused Market Expansion. Saab continues to drive growth with a focus on core areas of its product portfolio with a global growth strategy targeted at key markets. Continued focus on partnerships and M&A will strengthen the company’s strategic position and technology leadership.
• Acceleration of Future Capabilities. Saab leverages its innovation to shorten lead times and time-to-market in a number of identified areas: autonomous solutions in the naval and airborne segments, AI-based management systems, distributed sensors, and advanced weapon systems. Saab’s digital transformation will focus on software-driven, data-centered, and AI-based technology.
• Engaged Employees. Saab is growing rapidly and employing highly skilled employees both internationally and in Sweden, where the company is now the country’s largest employer of engineers. As a result of the rapid growth, Saab is placing increasing emphasis on its culture work. This is to give employees the best conditions to contribute to Saab’s mission to create security for people and societies.

Saab reiterates its medium-term financial targets for the period 2023-2027, last updated in February 2024, and sees good opportunities for continued strong growth:

• Sales Growth: Organic sales growth of approximately 18% (compound annual growth rate, “CAGR”).
• Operating Income (EBIT): Growth in operating income exceeding organic sales growth.
• Operational Cash Flow: Cash flow conversion of at least 60%, cumulatively for the five-year period.

Speakers at the Capital Markets Day are Micael Johansson, President and CEO, Anna Wijkander, CFO, Görgen Johansson, Head of Business Area Dynamics, and Carl-Johan Bergholm, Head of Business Area Surveillance.

Contacts

Merton Kaplan
Head of Investor Relations
+46 (0)734 182 071
merton.kaplan@saabgroup.com

Mattias Rådström
Head of Media Relations
+46 (0)734 180 018
presscentre@saabgroup.com

Saab is a leading defense and security company with a mission to help nations protect their populations and contribute to the safety of people and societies. With 25,000 talented employees, Saab develops technology and solutions for a safer and more sustainable world. Saab develops, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden but has a global presence where Saab is part of many nations’ defense capabilities.

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