Swedish defense company Saab AB on Friday raised its full-year sales forecast, citing continued strong demand as it invests to increase production capacity.
The company now expects organic sales growth for 2025 to be between 16% and 20%, up from a previous forecast of 12% to 16%, it said in its half-year report.
"We are strengthening our market position and see a continued large interest in our products and solutions," President and CEO Micael Johansson said.
"Saab’s sales growth is high and we continue to invest to build capacity and meet long-term strong demand from the defence sector."
For the second quarter, sales grew 32% to 19.8 billion Swedish kronor from 15.2 billion kronor a year earlier.
Operating profit rose 49% to 1.98 billion Swedish kronor, which the company said included a positive non-recurring contribution of 105 million kronor.
The company's order intake for the quarter was 28.4 billion Swedish kronor, which it said was driven by strong growth in small and medium-sized orders.
Saab reiterated its forecast that operating profit growth would outpace sales growth for the full year and that it expects positive operational cash flow.
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