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Saab's profit margins tell two different stories

Some areas of Saab's business grow rapidly and become more profitable, while others are struggling to maintain margins despite rising sales
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For Saab's surveillance business, soaring defence demand is translating into higher sales and stronger margins. For its missile and naval divisions, however, growing revenue is proving less rewarding.

The contrast emerges from Saab's third-quarter report published Friday, which shows the Swedish defence group increasing its overall profitability despite diverging performances across its businesses.

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