Q2 2026 Saab AB Earnings Call Transcript
Key Points
- Saab AB (SAABF) reported a strong second quarter with significant contract wins, including major submarine contracts with Poland and Gripen fighter contracts with Ukraine.
- The company achieved a record order backlog of SEK318 billion, indicating strong future growth prospects.
- Saab AB (SAABF) has successfully ramped up production capacity, hiring approximately 3,000 new employees annually to meet increased demand.
- The company has increased its R&D investment by SEK700 million compared to the previous year, focusing on future capabilities and innovation.
- Saab AB (SAABF) reported a significant improvement in cash flow, with a positive cash flow of SEK1 billion for the first half of the year, compared to a negative cash flow in the previous year.
- The Naval business area experienced a write-down of approximately SEK200 million due to not being selected for the Swedish frigate program.
- There are ongoing challenges with under absorption in the production of T-7 aircraft, which is expected to take a few more quarters to resolve.
- The company's cash conversion rate, although improved, is still below the medium-term target of 60%.
- Component inflation and supply chain issues pose potential risks, although Saab AB (SAABF) has not yet faced significant limitations.
- The profitability of the Naval business area was negatively impacted by the write-down related to the Swedish frigate program.
Good morning, everyone, and welcome to the presentation of Saab's report for the second-quarter 2026. My name is Johan Andersson, responsible for Investor Relations, and I will be the moderator here today.
With me here in Stockholm, we have our CEO, Micael Johansson; and our CFO, Anna Wijkander. Micael and Anna will present the report, and thereafter, we will start with the Q&A session. And remember that you can both ask your questions over the telephone or you can post the questions in the web interface, and I will read them out here in Stockholm.
So with that, a warm welcome, and I will hand over to you, Micael.
Thank you, Johan. And also from my side, welcome to the second-quarter report. Let's just dive into the highlights immediately. As you've seen, this was another strong quarter with lots of momentum on the business side. And what's been defining the quarter was, of course, the major contracts that we
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