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Swedish Defence and security company Saab will increase dividendFriday, 10 February 2012
Military hardware company, Saab reported a profit before tax of Skr622 million for the fourth quarter of 2011. This compares with Skr192miullion for similar period a year ago.
The company reports a breakdown of its earning as follows - order bookings amounted to Skr 18,907million (26,278) and the order backlog at year-end amounted to Skr 37,172 million (41,459)
Sales amounted to Skr23,498 (24,434), a decrease of 4 per cent adjusted for exchange rates effects and acquisitions.
Gross income amounted to Skr 6,707 (5,591), ¬corresponding to a gross margin of 28.5 per cent (22.9)
Operating income was Skr2, 941 (975), corresponding to an operating margin of 12.5 per cent (4.0). Capital gains of Skr1,169 (14) are included in 2011 compared to structural costs of MSEK 616 in 2010
Details of that report could be found here
President and CEO, Håkan Buskhe wrote in the end of year report that "2011 was an important year for us, and we secured several key orders, such as further development and system maintenance orders for Gripen to the Swedish Defence Material Administration and for our multi-mission radar system Giraffe to the U.S. Department of State.”
He notes the current tough economic conditions in the western world as will affect their cost-efficient and cutting-edge technology products and solutions which still stand in the lead when it comes to competitive advantage.
“I am also proud of the strong recognition Gripen received when the Swiss government down-selected it for negotiations as a future multirole fighter aircraft,” he adds.
For all this the company proposed dividend for 2011 to stand at Skr4.50 per share (3.50).
By Scancomark.se Team
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