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46 SAAB ANNUAL REPORT 2012
ADMINISTRATION REPORT > BUSINESS AREAS
AERONAUTICS
Services and solutions
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cost efciencies and a level of performance that meets the high
demands of armed forces.
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part of the product portfolio.
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ers and our knowledge within handling composites is key, since
we mainly deliver parts in this material.
Orders received
Orders received in 2012 included an order received from FMV for
continued support and maintenance and updates for the Gripen
C/D. Saab also received four orders from FMV for Gripen develop-
ment, support and maintenance through 2016. The sum of total
orders for Aeronautics related to these four orders amounted to
MSEK 1,883.
Orders received also included new order bookings of about
MSEK1,130 for deliveries to the Boeing 787 programme, the
Airbus A380 programme and the Airbus A320 programme.
Orders received, where the order sum exceeded MSEK 100,
represented 77 per cent (84) of total order bookings.
Sales
Sales decreased compared to 2011, mainly as 2011 included pro-
duction and deliveries of Gripen aircraft for South Africa as well as
a higher activity level related to Thailand.
Markets outside Sweden accounted for 39 per cent (43) of sales.
Income and margin
In 2011, the divestment of the ownership in Denel Saab Aerostruc-
tures (Pty) Ltd. generated a capital gain before tax of MSEK 58.
Cash flow
Operating cash ow was negative in 2012 due to utilisation of and
reduction in advances and milestone payments.
Employees
The number of employees was higher compared to year-end 2011
as a result of a higher activity level in the development of Gripen.
Aeronautics offers a product portfolio that includes the Gripen ghter and Unmanned
Aerial Systems (UAS). Aeronautics also manufactures aircraft components for Saab’s
own aircraft as well as passenger aircraft produced by others. Products include Gripen,
Skeldar and Neuron.
24%
share of sales.
Key figures
MSEK 2012 2011
Order bookings 4,289 3,807
Order backlog 11,305 13,091
Sales 6,076 6,351
EBITDA 592 579
EBITDA-margin, % 9.7 9.1
Operating income 359 332
Adjusted operating
margin, % 5.9 5.2
Operating cash flow -425 223
No. of employees 2,997 2,748
Sales
SEK billion
Order bookings
SEK billion Adjusted operating
margin, %
3.8
4.3
2012201120102009
6.9
3.4
6.4
6.1
2012201120102009
6.7
7.6
5.2
5.9
2012201120102009
2.8
0.1