Defence group Saab's Q3 profit jumps, raises sales outlook

Source from nasdaq.com Updated on Fri, 15 Dec 2023 Any question please contact DayDayFinance.COM.

Adds profit details in paragraph 2, outlook in paragraph 3

STOCKHOLM, Oct 26 (Reuters) - Swedish defence equipment maker Saab SAABb.ST reported on Thursday a jump in third-quarter operating profit helped by high demand and raised its full-year sales growth outlook.

Operating profit was 859 million crowns ($76.85 million) against a year-earlier 568 million.

The maker of the Gripen fighter jet said it now sees organic sales growth of 19-23% in 2023. Its previous guidance, given in July, was for 16-20% growth.

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