Saab AB (publ) (SAABF) Q1 2025 Earnings Call Transcript

2025-04-25 11:14:59 ET

Saab AB (publ) (SAABF)

Q1 2025 Earnings Conference Call

April 25, 2025, 04:00 AM ET

Company Participants

Merton Kaplan - Head of Investor Relations

Micael Johansson - President, and Chief Executive Officer

Anna Wijkander - Chief Financial Officer

Conference Call Participants

Henric Hintze - ABG Sundal Collier

Bjorn Enarson - Danske Bank

Erik Golrang - SEB

Tom Guinchard - Pareto Securities

Aymeric Poulain - Kepler Cheuvreux

Carlos Peris - Bank of America

Presentation

Merton Kaplan

Hi, and welcome to Saab's Q1 Earnings Presentation. I'm Merton Kaplan, Head of Investor Relations. And with me here in the studio, I have our CEO, Micael Johansson; and CFO, Anna Wijkander. We will, as usual, go through some slides. For the -- on the business and some financials, and then we will open up a Q&A session in about roughly 30 minutes.

So without further ado, I'll pass over to you, Micael.

Micael Johansson

Thank you, Merton, and good morning, and thank you for joining us this morning for the first quarter results. And to sort of introduce this, I think it's been a solid quarter with good momentum in the market, and we have a good order intake many small and medium-sized orders and also a couple of bigger ones from Latvia and Germany.

All business areas are growing, which is good and we continue to increase our profitability. So that's sort of a super summary of what's happened this quarter, but let's look at some highlights. So as I said, strong customer activity in the market. We have a little bit of a trend that since Europe is now realizing that it has to take a bigger responsibility for its own defense and security and we need more sovereign capabilities in this continent.

We see a trend that the customers want to sort of look at what can we get quickly and what do we need also to invest in going forward to great sovereign capabilities. So there two types of market activities, I would say, what capacity do we have to deliver something quickly and also sort of what are the long-term capabilities that will lack in the European perspective.

So there is a lot of focus on the European industrial defense base and how we sort of grow that capability. We have a good base of industries in Europe, I must say. But of course, the dependency on the U.S. is quite strong today, and the tendency is, of course, from the commission side in Brussels to start saying, buy more European, invest in more European capabilities....

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