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Defense group Saab profits better than expected



  

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Friday, 29 April 2011
Defence group Saab reports a profit before tax of Skr 384 million for the first quarter. That compares with profit of Skr99 million a year earlier.
Analysts had on average expected a profit of Skr296 million.
Sales rose marginally to Skr5.452 million and orders by five percent to Skr5.215 million.
In a forecast, the management is presenting a negative sales view and posit that sales in the future look to fall.
By Scancomark.se Team


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