Saab stock falls 2.61 percent as space ties expand
Published on 09/24/2026 at 23:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Saab stock fell 2.61 percent to SEK 615.50 on Nasdaq Stockholm on September 24, 2026, leaving the shares 17.8 percent below their 52-week high of SEK 748.80. The move came as Saab expanded its space strategy through new cooperation agreements with SSC Space, OHB Sweden and Ericsson.
Space strategy gains substance
According to Reuters on September 24, 2026, the agreements cover satellite systems, launch infrastructure, ground services, mission support and communications technologies.
The companies disclosed no financial terms for the cooperation. That makes the announcement strategically relevant rather than an immediate earnings event, while the share price still provides a clear market test at SEK 615.50 and a market capitalization of SEK 326.39 billion on September 24, 2026.
Q2 results set a high bar
Saab reported second-quarter sales of SEK 25.5 billion, up from SEK 19.8 billion in the same quarter of 2025, according to Nordic Defence Review on September 22, 2026. Organic sales growth was 29.8 percent, while EBIT rose 41 percent to SEK 2.79 billion and the operating margin increased from 10.0 percent to 11.0 percent.
Order bookings reached SEK 68.4 billion in Q2 2026, compared with SEK 28.4 billion a year earlier. The order backlog stood at SEK 317.7 billion, giving the space initiative a much larger industrial base than a single contract announcement.
Analyst target moves higher
Barclays raised its Saab price target to SEK 755 from SEK 740 and reiterated an Overweight rating on September 21, 2026, as reported by MarketScreener. The new target is 22.7 percent above the September 24 price, but the daily decline shows that the market is weighing valuation against Saab's operating growth.
Stock stays below yearly high
Saab stock stood at SEK 615.50 on Nasdaq Stockholm on September 24, 2026, down SEK 16.50 from the previous session. The combination of 29.8 percent organic sales growth, a SEK 317.7 billion backlog and a 17.8 percent gap to the yearly high leaves execution and order conversion as the next measurable tests.
Saab stock facts
- Company: Saab AB (publ)
- Ticker: SAAB-B
- Trading venue: Nasdaq Stockholm
- Price as of September 24, 2026: SEK 615.50
- Market capitalization: SEK 326.39 billion as of September 24, 2026
- 52-week range: SEK 445.10-748.80 as of September 24, 2026
- Sector / Industry: Industrials / Aerospace and Defense
- Index membership: OMX Stockholm 30
