Saab 2014 Annual Report Download - page 5

SAAB 2014
GRIPEN TO BRAZIL
Saab signed a contract with the Brazilian govern-
ment for the development, production and sup-
port of 36 next generation Gripen aircra for the
Brazilian Air Force.
SAAB KOCKUMS
e Swedish shipyard yssenKrupp Marine Systems,
now Saab Kockums, was acquired during the year.
NEXT GENERATION SUBMARINES
Saab received an order from the Swedish Defence
Materiel Administration (FMV) to generate con-
struction and production plans for Sweden’s next
generation submarines. A contract was also
received for overhaul and support of the country’s
current submarine eet.
EXPANDED PRODUCT PORTFOLIO IN
SURVEILLANCE RADAR
Saab’s proven surveillance radar systems, Girae
AMB and Arthur, have been given improved tech-
nology and designs at the same time that Active
Electronically Scanned Array (AESA) radar was
launched for land and sea.
CARL-GUSTAF WEAPON SYSTEM
In February, the Carl-Gustaf portable weapon
system was named a Program of Record by
the US Army. In addition, the latest generation,
Carl- Gustaf M4, was launched.
NEW VERSIONS OF THE AT4 WEAPON SYSTEM
TO FRANCE
e French Ministry of Defence has ordered new
versions of the AT4 anti-armour weapon, which
will be employed by all three branches of the
French Armed Forces (Army, Air Force and Navy).
WORLD’S FIRST REMOTELY CONTROLLED
AIR TRAFFIC CONTROL TOWER CLEARED
FOR OPERATION
e Swedish air navigation service provider, LFV,
received clearance from the Swedish Transport
Agency to begin remotely controlled air trac
control at Örnsköldsvik Airport.
ORDERS FOR MILITARY TRAINING SYSTEMS
During the year, Saab received a number of orders
for military training systems, including weapon
simulators, from Finland, the US and the UK.
DIVIDEND
For 2014 the Board of Directors is proposing that
the Annual General Meeting approve a dividend
to shareholders of SEK 4.75 (4.50) per share, corre-
sponding to 43 per cent (65) of net income.
Financial highlights (MSEK)
2014 2013 2012
Order backlog at year-end 60,128 59,870 34,151
Sales 23,527 23,750 24,010
Operating income (EBIT) 1,659 1,345 2,050
Operating margin (EBIT), % 7.1 5.7 8.5
Net income 1,168 742 1,560
Earnings per share after dilution, SEK 10.78 6.79 14.52
Free cash flow -1,094 -1,460 -396
Dividend per share, SEK 4.75* 4.50 4.50
Equity/assets ratio, % 38.5 44.0 39.0
Internally funded R&D, share of sales, % 5.7 5.6 7.5
Number of employees at year-end 14,716 14,140 13,968
2014 was an eventful year with a number of groundbreaking
product launches as well as a contract with Brazil for the
new generation Gripen.
Aeronautics 28%
Dynamics 12%
Electronic Defence
Systems 18%
Security & Defence
Solutions 24%
Support & Services 14%
Combitech 4%
Sales per business area
2014
Sales growth
-1%
Goal:
5 per cent organic
growth per year over
a business cycle
Operating margin
7%
Goal:
At least 10 per cent
per year over
a business cycle
Equity/assets ratio
39%
Goal:
An equity/assets ratio
exceeding 30 per cent
* Proposed dividend
Order bookings and sales
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
1413121110
MSEK
Order bookings Sales
SAAB ANNUAL REPORT 2014 – 1