Michael Johansson
CEO
Replay available
Saab AB (publ) (STO: SAAB_B) Q4 2025 earnings conference call, held 2026-02-05. Replay captured from the company's public earnings webcast.

CEO
CFO
Analyst at Handelsbanken
Analyst at UBS
Analyst at Pareto Securities
Analyst at Bank of America
Analyst at Danske Bank
Analyst at Barclays
Analyst at BNB Carnegie
Analyst at Inderes
Good morning, everyone, and welcome to the presentation of Saab's fourth quarter and full year report for 2025. My name is Johan Andersson, responsible for investor relation, and I will be the moderator here today. With me here in Stockholm, I have our CEO, Michael Johansson, and our CFO, Anna Vikander. Michael and Anna will present the report, and then thereafter we will conclude with a Q&A session. And just to remind you, you can either ask your questions over the phone, or you can write them in the web interface. So with that, warm welcome, and I'll leave it over to you, Michael. Thank you, Johan, and also a warm welcome from my side, and thank you for joining us today. I will start by jumping right into sort of the perspective of last year, looking at how we met sort of our guidance and our growth perspective. So we ended up with almost 80 billion in organic growth, 79.1, which was excellent, 25% organic growth. And then also had a very good development on our operating income, of course, growth 37%. And the cash flow was extremely good in the quarter, the last quarter, last year. So we ended up all in all at 5.3%. So we had an extremely good year last year, meeting all our expectations. And it is, of course, based on very good sort of delivery tips. capabilities and how we actually performed in delivering to our customers over the year and showing that our capacity investments that we have comes into play. Going forward and looking at some highlights, obviously looking at the extremely high order intake in Q4, but also over the year. We see a high customer demand in the market and there's very many initiatives that we're working on, of course. And the product contracts continue to grow, but also we have a strong interest on the sort of bigger platform side. And ...