Saab - Results and summary January-June 2009

Saab - Results and summary January-June 2009

 Order bookings amounted to MSEK 8,096 (12,955) and the order backlog to SEK
42.4 billion (48.6 billion)

 Sales increased by 6 percent to MSEK 11,695 (11,025), an increase of 8 percent
adjusted for divestments and exchange rate effects

 Gross income amounted to MSEK 3,037 (3,045), corresponding to a gross margin
of 26.0 percent (27.6)

 Operating income was MSEK 622 (944), corresponding to an operating margin of
5.3 percent (8.6). Adjusted for non-recurring items, the operating margin was
4.9 percent (8.9). A change in the application of accounting principles for
development costs as of January 1, 2009 contributed negatively by approximately
3 percentage points

 Net income for the period was MSEK 265 (569), with earnings per share after
dilution of SEK 2.46 (5.25)

 The Billion+ program is progressing according to plan

 The previous sales outlook for flat sales in 2009 has changed.

Outlook: Saab's future development is dependent on Swedish defence plans and
will continue to be affected by the global economy. Saab is therefore facing
uncertainties in its business environment. For the full year 2009 sales will
increase compared to 2008, however we remain cautious in our outlook for the
full year. The operating margin will be reduced by about 4 percentage points due
to our more conservative accounting for development costs.


CEO statement
“Saab received several important orders in key areas despite the financial
turmoil and changes in the Swedish defence structure. The continued sales growth
demonstrates our ability to meet project milestones and deliver advanced
systems, products and services according to contractual plans. Ongoing
efficiency improvements are progressing according to plan. Our long-term
strategy to grow in markets outside Sweden and broaden the scope of our civil
security operations remains a priority.''
 


CEO Åke Svensson and CFO Lars Granlöf will present Saab's quarterly report for
January-March 2009 at a press and analysts meeting today, Friday July 24 at
10.00.

Following the announcement we are pleased to invite you to participate in an
international teleconference at 16.00 (CET) which will be hosted by Åke
Svensson, President and CEO, Lars Granlöf, CFO and Cecilia Schön Jansson, Head
of Corporate Communications. 


Press and analysts meeting
Friday July 24 at 10.00
World Trade Center, Conference center, floor 4 (Stockholm, Sweden) 
Entrance via Klarabergsviadukten 70 or Kungsbron 1 
Kindly respond to annika.widell@saabgroup.com, or fax +46 (0)8 463 01 52.

Telephone conference
15.50 (CET) 	Call 
+44 (0)207 108 6303 (if calling from Europe)
+1 866 676 5870 (if calling from the US)
+46 (0)8 506 269 30 (if calling from Sweden)

Request to be connected to Saab's teleconference.

16.00 (CET) 	Review of the results, followed by questions and answers
Kindly respond to annika.widell@saabgroup.com, or fax +46 (0)8 463 0152.


You also have the possibility to follow the teleconference live on
www.saabgroup.com. If you are unable to participate you can listen to the
presentation from the teleconference afterwards and look at the slides on
www.saabgroup.com. 

There will also be a replay facility available 48 hours following the
teleconference. The number to dial is:
+44 (0)207 750 9928 (if calling from Europe)
+1 718 354 1112 (if calling from the US)
Access code: 233841#

 
Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has operations
and employees on all continents and constantly develops, adopts and improves new
technology to meet customers' changing needs.

For further information, please contact:
Saab Press Centre, +46 (0)734 180 018

www.saabgroup.com

The information is that which Saab AB is required to declare by the Securities
Business Act and/or the Financial instruments Trading Act. The information was
submitted for publication on July 24 at 07.30.