STOCKHOLM (Reuters) -Swedish defence materials maker Saab on Tuesday reported a barely bigger-than-expected rise in third-quarter working earnings and affirmed its outlook for surging gross sales and income this yr as nations scramble to re-arm.
The corporate reported quarterly working earnings of 1.19 billion Swedish crowns ($112.8 million) versus a year-ago 859 million and analyst expectations of 1.14 billion, in line with a LSEG imply forecast primarily based on three estimates.
The maker of navy {hardware} resembling missiles, superior electronics, submarines and the Gripen fighter jet repeated its forecast for gross sales to develop organically by 15-20% in 2024 whereas working earnings have been seen rising much more.
Nevertheless, it added that it anticipated natural gross sales progress to come back in on the higher finish of the vary.
($1 = 10.5483 Swedish crowns)
