Saab seeks ‘efficiencies’ at Kockums naval site
Returning to a positive cash flow in 2020, Saab outlined generally positive Q4 and full year results amid the pressure brought about by the COVID-19 pandemic.
Saab has affirmed its commitment to its Kockums business area, which focuses around the design, manufacture and sustainment of naval surface and subsurface platforms, during a briefing on 11 February outlining the Q4 and 2020 full-year financial results.
The majority of Saab’s business areas outlined growth during 2020, even taking into account the impact of the COVID-19 pandemic. A company release stated that defence business showed ‘solid’ performance, with five of six business areas reporting positive sales growth.
In addition, sales were up 4%, excluding adjustments in Q3 related to COVID-19 and despite the downturn in the civil aviation
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