Shares in the Saab defence group have plummeted 20 per cent in the past week, after the company announced that it plans to raise SEK 6 billion in a new rights issue and posted a loss for the third quarter. At the same time, the group is to axe jobs and review its range of products. Talking to Dagens Iindustri, CEO Håkan Buskhe says: “We have 580 products, we are now looking at each product area”.
Asked by the newspaper if the company is looking at UMS Skeldar, a joint venture with Switzerland’s UMS to build UAVs, which made a loss of SEK 92 million in 2017, the CEO replies: “it could be an example, but we have seen it more as a development project”.
While defending the investment, Mr Buskhe also says: “It could be the case that one sells the technology, divests it, or … finds other partners. I believe it is a highly mature product. We have received orders from the German Navy, among others, as well as a number of other orders which show we have a highly mature product. So we are in a new phase in terms of Skeldar as well”.
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