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60 SAAB ANNUAL REPORT 2011
ADMINISTRATION REPORT > SAAB’S BUSINESS AREAS
COMBITECH
Combitech, an independent subsidiary of the Saab
Group, is one of Sweden’s largest technology consulting
firms. By combining technology with cutting-edge exper-
tise in the environment and security, we create solutions
for our clients’ specific needs.
SALES, INCOME AND ORDERS
Orders received
Orders received increased in 2011 compared to 2010 as a result of
higher demand in several areas and several major orders received.
Important framework agreements were also signed during the year.
Sales
Sales increased as a result of a good order intake and about 100 new
employees have been hired as a consequence of this. e highest
growth rate was in the industry and defence segments. Sales with
clients other than Saab accounted for 62 per cent (65).
Income and margin
e improved protability is a result of increased sales volume, a
high utilisation rate and higher eciency.
Operating cash flow
Operating cash ow improved due to a higher sales volume.
KEY FIGURES
MSEK 2011 2010
Sales 1,000 915
Operating income 92 81
Adjusted operating margin, % 9.2 8.9
Order bookings 1,118 964
Order backlog at year-end 344 226
Operating cash flow 87 65
EBITDA 94 83
EBITDA margin, % 9.4 9.1
4%
201120102009
0
400
200
600
800
1,000
0
20
40
60
80
100
201120102009 0
3
6
9
12
15
Operating income, MSEK Operating margin, %
SALES, MSEK OPERATING INCOME AND
MARGIN
SHARE OF SALES 2011, %