Saab reduces outlook for 2008
Source: Saab
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.