Saab reduces outlook for 2008
Different factors have had and continue to have an adverse impact on Saab, mainly through delays in order intake for major international projects and uncertainties in respect of Swedish defence material spending. Delays in ongoing major commercial aircraft projects have led to a revised, lower production plan in Saab’s aerostructures business. Also, market development for the technology business in South Africa is weaker than anticipated.
The factors above, together with continued high marketing expenses for Gripen due to the strong market interest, have led Saab to reduce its outlook for 2008.
• New outlook for organic sales growth: 3-4 percent growth compared to as earlier stated 5 percent
• New outlook for operating margin: 8-9 percent compared to as earlier stated 10 percent
The outlook excludes non-recurring items.
The world-economy remains unstable and continues to have an impact on the total risk level for Saab.
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
Cecilia Schön Jansson, Group Senior Vice President, Communications and Public Affairs, +46 (0)734 187 180
Ann-Sofi Jönsson, Manager Investor Relations, +46 (0)734 187 214
Saab Press Centre, +46 (0)734 180 018
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 September 4 at 15.00.