Saab 2014 Annual Report Download - page 47

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SERVICES AND SOLUTIONS
• Ground combat weapons, including NLAW,
AT4, Carl-Gustaf and Bill 2.
• Land-based air defence systems, including RBS
70, RBS 70 NG and BAMSE.
• RBS 15 air-to-surface missile and missile
programmes such as Meteor, Taurus and IRIS-T.
• Underwater systems, including remote operated
and autonomous vehicles as well as torpedoes
and underwater sensors.
• Camouage systems, including Barracuda
MCS, ULCAS and SOTACS.
Products and solutions have been sold to more
than 60 countries around the world.
Dynamics includes the following business
units: Ground Combat, Missile Systems, Under-
water Systems and Barracuda.
ORDERS RECEIVED
Market conditions were challenging in 2014,
which is reected in low order bookings. During
2014, an order was received from the French
Ministry of Defence’s procurement branch to
supply the next generation of shoulder-launched
weapon system. Also, an order for RBS 70 VSHO-
RAD was received from the Brazilian Army, and
FMV ordered design plans for a New Lightweight
Torpedo (NLT). A ve-year framework agreement
regarding the weapon system Carl-Gustaf was
signed with U.S. SOCOM (Special Operations
Command).
Orders received with a total value exceeding
MSEK 100 represented 23 per cent (47) of total
order bookings.
Dynamics offers a market leading product portfolio comprising ground combat
weapons, missile systems, torpedoes, unmanned underwater vehicles and sig-
nature management systems for armed forces as well as niche products for the
civil and defence market such as underwater vehicles for the offshore industry.
ADMINISTRATION REPORT
BUSINESS AREA DYNAMICS
SALES, INCOME AND MARGIN
Sales decreased in 2014 compared to 2013 due to
low order bookings in 2014 and earlier years.
Lower sales led to a lower operating margin in
2014 compared to 2013.
Markets outside Sweden accounted for 81 per
cent (85) of sales.
CASH FLOW
Operational cash ow was negative in 2014, partly
as a result of lower operating income and partly
due to timing dierences in deliveries and
milestone payments.
EMPLOYEES
e number of employees decreased in 2014 as a
result of the eciency measures implemented in
2013, which included downsizing mainly at the
production unit in Karlskoga.
Key figures
MSEK 2014 2013
Order bookings 2,325 3,345
Order backlog 3,915 4,548
Sales 2,974 3,566
EBITDA 226 428
EBITDA margin, % 7.6 12.0
Operating income, EBIT 165 366
Operating margin, % 5.5 10.3
Operational cash flow -69 503
No. of employees (FTE) 1,461 1,523
Share of sales 2014
Order bookings 2014
SEK billion
0
1
2
3
4
5
1413121110
Sales 2014
SEK billion
0
1
2
3
4
5
1413121110
Operating margin 2014
%
0
3
6
9
12
15
1413121110
12%
SAAB ANNUAL REPORT 2014 – 43