Saab 2014 Annual Report Download - page 48

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SERVICES AND SOLUTIONS
• Sensor systems Erieye, Girae and Arthur.
• Electronic warfare systems, including IDAS,
Camps, BOL and LEDS.
• Signals intelligence (SIGINT) systems and
self-protection systems.
• Flying surveillance systems, including AEW&C
(Airborne Early Warning & Control).
• Avionics systems, including AviGuide and
AviCom.
Electronic Defence Systems includes the following
business units: Surface Radar Solutions, Airborne
Surveillance Systems, Electronic Warfare Systems
and Avionics Systems. As of 2015, Avionics
Systems is included in business area Industrial
Products and Services.
ORDERS RECEIVED
e market remains challenging. Order bookings
for 2014 included orders for the weapon locating
system Arthur, an order for advanced vehicle
protection and a number of service orders within
radar.
Orders received with a total value exceeding
MSEK 100 represented 36 per cent (70) of total
order bookings.
SALES, INCOME AND MARGIN
Operating income for 2014 strengthened as a
result of the eciency measures implemented in
2013 and 2014, lower product development
expenses and successful project execution.
Markets outside Sweden accounted for 71 per
cent (72) of sales.
The business is built on Saab’s close interaction with customers that require efficient
solutions for surveillance and for threat detection, localisation and protection. The
business area has a product portfolio covering airborne, land-based and naval
systems for radar, signals intelligence and self-protection.
ADMINISTRATION REPORT
BUSINESS AREA ELECTRONIC DEFENCE SYSTEMS
CASH FLOW
Operational cash ow was negative due to conti-
nued investments in development and tangible
assets as well as timing dierences in milestone
payments and deliveries.
EMPLOYEES
e number of employees decreased due to
ongoing eciency measures initiated in 2013.
Key figures
MSEK 2014 2013
Order bookings 2,943 7,587
Order backlog 7,619 9,171
Sales 4,629 4,560
EBITDA 622 373
EBITDA margin, % 13.4 8.2
Operating income, EBIT 205 -115
Operating margin, % 4.4 -2.5
Operational cash flow -677 116
No. of employees (FTE) 2,550 2,588
Share of sales 2014
SEK billion
0
2
4
6
8
1413121110
Order bookings 2014
Sales 2014
SEK billion
0
1
2
3
4
5
1413121110
Operating margin 2014
%
−
4
−
2
0
2
4
6
8
1413121110
18%
44 – SAAB ANNUAL REPORT 2014