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Saab sees declining profits

1st November 2013 - 06:00 GMT | by Joyce de Thouars in London


Saab has recorded a net income of SEK455 million ($70.5 million) for the first half year of 2013, which is a decrease of 55% compared to the same period last year.

The main cause for this drop was a non-recurring cost of SEK314 million following a legal dispute with the Danish Army concerning its DACCIS command and control system. 

Despite the decrease in profit, a 59% increase to SEK25 billion was reported for order intake, which is mainly due to two orders for the development of the next generation of the Gripen fighter system.

Revenue amounted to SEK16.5 billion, representing

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Joyce de Thouars


Joyce de Thouars

Joyce holds a MA degree in Middle Eastern Studies from King’s College London. Before she …

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