Saab AB announced an increase in dividends as quarterly profits and order bookings exceeded estimates.
The Swedish defense company said it had a net profit of 733 million kronor ($ 78.7 million) in the quarter from 598 million kronor a year ago, while sales fell 4.4% to 11. 94 billion crowns.
The convergent estimates spoke of net profits of 718 million kroner and sales of 11.6 billion kronor.
Bookings for orders in the quarter fell to 12.22 billion kroner, with analysts talking about 9.99 billion kroner, while the outstanding balance stood at 105.18 billion kroner, higher than 99.82 billion. Crowns a year ago.
“The risks associated with the global pandemic remain to some extent and there is a continuing risk of resource shortages and supply chain problems,” said CEO Micael Johansson.
“We have greatly mitigated the impact on our operations. We continue to be cautious in our planning and have a close dialogue with our suppliers to mitigate potential future implications,” he said.
Saab expects an increase in organic sales by 5% in 2022 and an improvement in operating profit of 8% -12% compared to 2021.
Operating cash flows are expected to be positive but at a lower level than 2021 /
Saab proposed a dividend for 2021 of 4.90 kroner, higher than 4.70 kroner in 2020.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
