Saab 2014 Annual Report Download - page 51

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SERVICES AND SOLUTIONS
• Combitech is active in aviation, defence, tele-
com and other industries as well as the public
sector.
• Combitech oers services in systems develop-
ment, systems integration, information
security, systems security, communications,
mechanics, technical product information
and logistics.
As of 2015 Combitehc is included in the business
area Industrial Products and Services.
SALES
Order bookings decreased and sales decreased
slightly in 2014 compared to 2013 due to a challen-
ging market situation and hence a lower utilisation
rate.
Markets outside Sweden accounted for 8 per
cent (8) of sales.
INCOME AND MARGIN
e operating margin was lower in 2014 compared
to 2013 due to the challenging market.
Combitech is an independent subsidiary of Saab and until year-end 2014
an independent business area within the Saab Group. It is one of Sweden’s
largest technology consulting firms, combining technology with cutting-
edge expertise in the environment and security to create solutions for our
customers’ specific needs.
ADMINISTRATION REPORT
BUSINESS AREA COMBITECH
Share of sales 2014
SEK billion
0,0
0,5
1,0
1,5
2,0
1413121110
Order bookings 2014
Sales 2014
SEK billion
0,0
0,5
1,0
1,5
2,0
1413121110
Operating margin 2014
%
0
2
4
6
8
10
1413121110
4%
Key figures
MSEK 2014 2013
Order bookings 1,494 1,740
Order backlog 387 540
Sales 1,649 1,684
EBITDA 100 157
EBITDA margin, % 6.1 9.3
Operating income, EBIT 92 148
Operating margin, % 5.6 8.8
Operational cash flow 76 162
No. of employees (FTE) 1,405 1,345
CASH FLOW
Operational cash ow was at a lower level in 2014
compared to 2013, mainly due to lower operating
income.
EMPLOYEES
e number of employees increased slightly,
mainly because a business previously organised
under the business area Security and Defence
Solutions was transferred to Combitech.
SAAB ANNUAL REPORT 2014 – 47