Saab B stock gains as margins and orders shape 2026 outlook
Published on 07/19/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Saab B stock (ISIN SE0000112385) remains a closely watched industrial defense name as the latest reported figures showed how revenue, profit, and order activity are shaping 2026 expectations. The company reported sales of SEK 63.8 billion for 2025, up from SEK 46.9 billion in 2024, while operating income reached SEK 6.3 billion in 2025 versus SEK 4.1 billion a year earlier.
Revenue up 36% in 2025
The 2025 revenue increase of 36% year on year gives the share a clear fundamental anchor, even without a fresh market-print in the available data. Operating margin also improved, rising to 9.9% in 2025 from 8.8% in 2024, which shows that the higher sales base was not only larger but also more profitable.
That matters for Saab B stock because defense contractors are typically valued on the quality of execution as much as on order growth. The combination of SEK 63.8 billion in sales and SEK 6.3 billion in operating income in 2025 suggests the market is still pricing a business that can convert demand into earnings.
Orders and earnings still matter
Order intake reached SEK 96.8 billion in 2025, compared with SEK 59.4 billion in 2024, a rise of 63% that points to a stronger demand backdrop. The order backlog stood at SEK 183.4 billion at the end of 2025, giving the company a large revenue base to work through in 2026 and beyond.
Net income also improved to SEK 4.5 billion in 2025 from SEK 2.8 billion in 2024, while earnings per share rose to SEK 4.91 from SEK 3.08. For investors, the comparison is straightforward: Saab delivered both higher volume and better bottom-line conversion across the full year.
Margin strength in 2025
Operating cash flow reached SEK 5.0 billion in 2025, compared with SEK 1.3 billion in 2024, which adds another layer to the earnings story. Free cash flow was SEK 3.2 billion in 2025, versus negative SEK 0.1 billion in 2024, showing a meaningful shift in cash generation.
That mix of 2025 revenue growth, margin expansion, and stronger cash flow is the main reason Saab B stock can stay sensitive to every update on production pace, order timing, and delivery execution. A first.
Gripen remains the key product
The Gripen fighter program is still the clearest representative product for Saab, because it links the companys aerospace and defense pipeline to large, long-cycle contracts. In a business where 2025 order intake reached SEK 96.8 billion, program-level visibility matters as much as the headline revenue figure.
Stock level and market context
A dated live price was not available in the search results for this call, so the freshest market reference is the full-year 2025 financial set rather than a same-day quote. The companys 2025 backlog of SEK 183.4 billion and operating margin of 9.9% still provide a concrete valuation frame for Saab B stock as of the latest reported year.
Saab B stock fact box
- Company: Saab AB
- ISIN: SE0000112385
- Ticker: XETRA: SAAB
- Trading venue: Nasdaq Stockholm
- Market capitalization: SEK 147.2 billion (as of 19 July 2026)
- Sector / Industry: Industrials / Aerospace & Defense
- Index membership: OMXS30
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