Savox Communications: Driving Growth in Defense
Savox Communications - company presentation by CFO Juha Järvi,
Listeds Investor Event: Defence, Helsinki, 21 September 2026.
The company outlines its value proposition, growth strategy, and key financial performance metrics within the expanding defense sector.
Key takeaways:
Company Overview & History: Founded in 1982 with origins in safety and security, Savox has expanded over the past 10–15 years into the defense sector, which now serves as its primary growth driver and main business unit. The company completed its IPO on the Nasdaq Helsinki main market.
Product Applications: Savox provides solutions for both mounted platforms (vehicle computers, intercoms, vision systems) and dismounted soldiers (hearing protection, headsets, controllers) to ensure communications and situational awareness in critical environments.
Competitive Advantages: Key differentiators include full end-to-end technology ownership, 100% in-house manufacturing in Finland, and a broad product portfolio that enables cross-selling across vehicle and soldier modernization programs.
Financial Performance & Targets: Defense revenue achieved a 62% compound annual growth rate (CAGR), with defense orders up 117% year-over-year in H1. The company targets expanding its comparable EBIT margin from 14% to over 20% by 2030, driven by a higher defense product mix, economies of scale, and operating leverage.
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