Saab’s financial targets
The geopolitical security landscape remains unusually uncertain, making it difficult to predict the future. Saab is fully focused on delivering on its strong order backlog and expect continued high demand for its product portfolio. We continue to be a company with substantial growth opportunities.
In 2023, Saab introduced medium-term targets for the period 2023-2027 on organic sales growth, operating income and operational cash flow. These were provided on the back of improved growth opportunities and a significant order backlog.
In Q4 2025, Saab had delivered an average yearly organic sales growth of 24% for the past three year. That was significantly above the previous medium-term target of 18% for the period 2023-2027. Based on planned deliveries from the order backlog and continued favorable market outlook, Saab upgraded its target for organic growth to an average of around 22% (CAGR) for the period 2023-2027.
This implies an average growth of around 20% per year for the remaining two years. Saab has decided not to provide an outlook for the specific year 2026. Saab reiterates the target that operating income is expected to grow at a higher rate than sales as well as our cumulative cash conversion target of minimum 60% for 2023-2027.
Medium-term targets 2023-2027
- Organic sales growth of around 22% (CAGR)
- Operating income growth higher than organic sales growth
- Cash flow conversion of minimum 60% (cumulative for the 5-year period)
- The equity/assets ratio will exceed 30 per cent
Note: CAGR base year 2022, and cash conversion defined as operational cash flow divided by operating income.