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© Reuters. FILE PHOTO: The Saab Applied sciences emblem is displayed in the course of the fifth day of Dubai Air Present in Dubai, United Arab Emirates November 21, 2019. REUTERS/Christopher Pike/File Photograph
STOCKHOLM (Reuters) – Swedish defence tools maker Saab raised its medium-term goal of natural gross sales progress to round 15% on Friday because it reported an increase in fourth-quarter working revenue.
Saab has seen a surge in orders within the final two years as many nations scramble to bolster defences amid rising world rigidity, sending its share value up some 250% since Russia’s full-scale invasion of Ukraine in February of 2022.
Working revenue for the October to December quarter rose to 1.42 billion Swedish crowns ($135.60 million) from a year-earlier 1.31 billion.
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