Saab AB (publ) (SAAB_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi and welcome to SOAP's Q2 earnings presentation. I'm Merton Kaplan, head of IR. We're gathered here to go through our presentation and results of the quarter, which was really strong. And we'll start again with some slides and then open up for questions. You have the details to the conf call on the presentation and the press release from this morning. So with that, I want to hand over to my CEO, Michael Johansson. thank you martin and good morning everyone thanks for joining this uh quarterly report from uh i think a very strong quarter and i'd like to start with some highlights as i see it from the quarter and as all all of you are aware of of course we we still have continued geopolitical tensions and we have the war in ukraine just going on without sort of any real view of how it will end and hopefully it will end with a ceasefire and a reasonable peace deal and that's all what we want but we can't really see that's happening right now and we have had just recently a nato summit in the hague and A big step was taken from all the countries in the alliance to now agree on spending up to 5% on defense going forward, where 3.5% is sort of purely on defense capabilities and 1.5% is supporting infrastructure for defense buildup. I think that is an incredibly big step. And of course, there will be different sort of schedules for different countries achieving these 5% going forward. Some countries like Sweden is sort of aiming to go quickly into that towards 2030. And other countries is maybe sort of looking at 2035. So we're not sure about the schedules, but there is a lot of sort of spending to increase deterrence from that. from the Alliance now and also the focus on the European perspective that Europe has to take a bigger responsibility for our own security and doi...