The quarter has been marked by intensified geopolitical tensions in the world. A growing focus on accelerating Europe's strategic autonomy and defence integration has led to planned increased investments in defence, security and technology. Combitech's services, which support its customers in challenging traditional ways of working, thinking innovatively, speeding up processes, implementing technology and collaborating securely, are becoming even more in demand.

In several new business deals, Combitech is enabling customers within the Swedish and Finnish Armed Forces, the industrial and defence sectors, and civilian authorities to accelerate their growth, scale up and carry out necessary transformations. Part of this work involves developing a centre of competence in India to meet the increased demand and harness engineering expertise in Hyderabad. Through innovative and secure solutions using technologies such as AI, cybersecurity, space technology and advanced electronics, faster value creation is enabled.

“Our growth and focus on security, innovation and digitalisation have further strengthened Combitech's position. The global situation has made it even more important to come together and work collaboratively to enhance Europe's capabilities. In business and among our employees, there is a drive for innovation, flexibility and speed that we are pleased to share”, says Jessica Öberg, CEO of Combitech.

Key events during the quarter

• Combitech, together with Saab, has carried out an AI Product Bot project to expedite information gathering and streamline onboarding processes with the help of Artificial Intelligence.
• Combitech will further develop training ammunition for the Carl-Gustaf M4 for Saab, ensuring it more closely resembles the properties of live ammunition.
• Combitech and the Swedish Defence Recruitment Agency have entered into a partnership in the field of IT security; the contract runs for seven years with options. Together we continue to develop security in a critical area within the total defence.
• Combitech continues to strengthen its focus on skills development: Investing in the future with over 860 employees being trained during the course weeks, focusing on building professional and personal development to continue to stay at the forefront of expertise.
• Combitech has a new centre of competence in Hyderabad. The focus is to support our customers in promoting innovation and security, to enable rapid scaling and transformation. India has strong technical expertise and a growing base of technical talent that strengthens Combitech's offerings.
• Jessica Öberg, CEO of Combitech, was awarded the title of "CEO of the Year" in the Large Corporation category. The purpose of the award is to recognise and reward role models among Sweden's CEOs, and by highlighting value-driven leadership, influence the development towards a more sustainable business sector in the long term.

Key figures for January-March 2025

(comparative figures Q1 2024 in brackets)

Sales: SEK 1,182 million (SEK 1,049 million)

Operating margin: 10.0% (11.6%)

Operating cash flow: SEK 105 million (SEK 135 million)

Number of employees at the end of the first quarter: 2,611 (2,335)

For further information, please contact:

Ulrica Matsers, Head of Communications and Marketing, Combitech

Tel: 0734-46 00 70, E-mail: ulrica.matsers@combitech.com

Merton Kaplan, Head of IR, Saab AB

Tel: 0734-18 20 71, E-mail: merton.kaplan@saabgroup.com