Defence gear maker Saab's Q1 operating profit rises 28% [Reuters]
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Source: Reuters
STOCKHOLM, April 26 (Reuters) - Swedish defence equipment maker Saab reported on Friday a 28% rise in operating profit for the first quarter and raised its organic sales growth outlook for the full year. Operating profit at the maker of the Gripen fighter jet was 1.19 billion crowns ($109 million), compared with 928 million a year earlier. SAAB said it now sees organic sales growth in 2024 of 15-20%, compared to a previous outlook of 12-16%. ($1 = 10.8794 Swedish crowns) Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up Reporting by Johan Ahlander, editing by Anna Ringstrom Our Standards: Music CEO: TikTok ban a 'blessing in disguise' Meta shares sink on AI costs, wary outlook Stocks little changed as investors weigh earnings Election to 'weigh heavily' on investors -market expert What happens next with TikTok in the US? Heineken sells more beer than expected in Q1 Lloyds profits t
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