大涨10%！欧洲军工股萨博Q2盈利超预期，上调全年销售指引

Core Viewpoint - Saab's second-quarter operating profit exceeded market expectations, leading to an upward revision of its annual sales guidance, driven by a surge in European military spending [1][2]. Group 1: Financial Performance - Saab's second-quarter operating profit increased from 1.33 billion SEK to 1.98 billion SEK (approximately 204 million USD), surpassing analysts' average expectation of 1.71 billion SEK [2]. - The company expects comparable sales growth of 16% to 20% for the year, up from a previous forecast of 12% to 16% [2]. - Saab reported a 22% comparable sales growth in the first half of the year and reaffirmed that operating profit growth will outpace sales growth [2]. Group 2: Market Dynamics - The increase in military spending in Europe is attributed to the aftermath of the Russia-Ukraine conflict and the region's need to take on more defense responsibilities [2]. - Saab's stock price has more than doubled this year, reflecting the positive market sentiment towards defense companies [2]. - The company is significantly expanding its production capacity, with over half of its revenue coming from the European market [2]. Group 3: Competitive Landscape - Saab competes with major defense contractors such as Lockheed Martin, Dassault Aviation, and BAE Systems [2]. - Despite uncertainties from U.S. tariff threats, Saab continues to recruit new employees [2]. Group 4: Supply Chain and Production - Saab's CEO, Micael Johansson, stated that there has been no quantifiable impact on the supply chain from tariff fluctuations, and production capacity development is proceeding as planned [2].