Inderes: Strong order intake expected for Saab in Q1 - reiterates reduce
Inderes reiterates the recommendation reduce and the target price of SEK 615 for the defense company Saab. This is stated in an analysis ahead of the company's report.
ANNONS
Inderes expects Saab to report order intake of SEK 25 billion in the first quarter, up sequentially, as well as revenue growth of 18 percent to SEK 18.6 billion.
Operating margin is expected to fall to 8.4 percent from 9.2 percent, pressured by capacity investments. The analysts point to continued strong demand driven by European rearmament, where the focus ahead of the report is on order momentum, delivery capacity, and the development of the new business area Naval.
