Saab’s order bookings triple as quarterly profit rises

Operating profit increased from 1.37 billion crowns a year earlier and exceeded the 1.91 billion-crown analyst consensus cited by Reuters. Like-for-like sales climbed 30.6%.

Order bookings rose 216% year over year, including a 24.6 billion-crown Gripen order from Ukraine. Management said strong order intake, profitability and cash flow left the company positioned to meet its financial targets.