Saab 2011 Annual Report Download - page 12

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8 SAAB ANNUAL REPORT 2011
CEO COMMENT
WITH A STRONG BALANCE SHEET WE
CAN IMPLEMENT OUR STRATEGY
XBTUIFZFBSXIFOPVSOFXTUSBUFHZIBEJUTGVMMFČFDU$POEJ-
UJPOTXFSFOUUIFCFTUDPOTJEFSJOHUIFDPOUJOVJOHTPWFSFJHOEFCU
DSJTJTJOUIF8FTUĕOBODJBMUVSCVMFODFBOEBSBQJEMZEFUFSJPSBUJOH
HMPCBMFDPOPNZ
*OTQJUFPGUIJTXFTFDVSFETFWFSBMJNQPSUBOUPSEFSTEVSJOH
UIFZFBSJODMVEJOHPOFGSPNUIF64%FQBSUNFOUPG4UBUFGPSUIF
(JSBČF".#NVMUJNJTTJPOSBEBSTZTUFN8FGFMUUIFJNQBDUPG
TVCEVFEFDPOPNJDDPOEJUJPOTNBJOMZEVSJOHUIFTFDPOEIBMGPGUIF
ZFBSćJTSFTVMUFEJOBMPXFSPSEFSJOUBLFXIJDIBČFDUFEPVSBCJMJUZ
UPEFMJWFSPOPVSHSPXUITUSBUFHZ0VSQFSGPSNBODFEVSJOHUIFZFBS
PUIFSXJTFDPOĕSNTUIBUUIFTUSBUFHZJTUIFSJHIUXBZUPHP1SPĕU-
BCJMJUZJODSFBTFEJOXJUITVDDFTTGVMMZFYFDVUFEQSPKFDUTBTPOF
PGUIFNPTUJNQPSUBOUESJWFST
Profitable organic growth
0VSHPBMJTBOOVBMPSHBOJDHSPXUIPGĕWFQFSDFOUPWFSBCVTJOFTT
DZDMF0VSHSPXUIXJMMDPNFMBSHFMZGSPNPVUTJEF4XFEFO*UIBT
MPOHCFFOPVSTUSBUFHZUPHSPXPVSJOUFSOBUJPOBMQSFTFODFBOETBMFT
BCSPBE"UUIFTBNFUJNFHSPXUINVTUCFQSPĕUBCMF0VSFYQBO-
TJPOXJMMUIFSFGPSFDPNFJONBSLFUTXJUITUSPOHEFNBOEXIFSFUIF
PQQPSUVOJUJFTBSFSJHIUGPSQSPĕUBCMFHSPXUI
'SPNBHMPCBMQFSTQFDUJWFUIFEFGFODFNBSLFUJTNPWJOHJOUIF
TBNFEJSFDUJPOBTUIFFDPOPNZJOHFOFSBMJFUPXBSEUIFFBTU'PS
QPMJUJDBMSFBTPOTOPUFWFSZNBSLFUJTBWBJMBCMFUPVTCVUPVSQSJPS-
JUZNBSLFUTPČFSTPQQPSUVOJUJFTGPSVTUPNFFUPVSHSPXUIUBSHFUT
1BSUPGPVSHSPXUIXJMMCFJOUIFHSPXJOHNBSLFUGPSDJWJMTFDV-
SJUZXIFSFXFBSFGPDVTFEPOBJSUSBďDNBOBHFNFOUOBWBMTFDVSJUZ
BOETVSWFJMMBODFBOEOBUJPOBMTVSWFJMMBODFBOETFDVSJUZTZTUFNT
ćFMJOFCFUXFFONJMJUBSZEFGFODFBOEDJWJMTFDVSJUZJTHSBEVBMMZ
GBEJOHFTQFDJBMMZJOUFSNTPGUIFUFDIOPMPHJFTCFJOHVTFE8FTFFJU
BTPVSNJTTJPOUPDPOUSJCVUFUPBTBGFSTPDJFUZBOEQSPUFDUĘPXTJO
TPDJFUZSFHBSEMFTTPGUISFBUTDFOBSJPT
On site around the world
0VSHMPCBMQSFTFODFJODSFBTFEJOBOEXFIBWFTFFOHPPE
SFTVMUTJO*OEJBBOEćBJMBOEGPSFYBNQMF4VDDFFEJOHBCSPBE
SFRVJSFTBMPDBMQSFTFODFOPUPOMZJOUIFGPSNPGTBMFTVOJUTCVUBMTP
PUIFSSFTPVSDFTUIBUVOEFSTDPSFPVSDPNNJUNFOUUPUIFNBSLFU
*OXFFTUBCMJTIFEBOFXPďDFBOEEFTJHODFOUSFJOUIF6,
BTXFMMBTSFTFBSDIDFOUSFTJO*OEJBBOE#SB[JM8FBSFJOWFTUJOHJO
EFWFMPQNFOUPVUTJEF4XFEFOUPCFDMPTFUPDVTUPNFSTBOECFOFĕU
GSPNMPDBMFYQFSUJTF
8IFOJUDPNFTUPUBLJOHPVSTPDJBMSFTQPOTJCJMJUZXFEPTPJO
BMMPVSJNQPSUBOUNBSLFUT8FIBWFNBOZZFBSTPGFYQFSJFODFXJUI
TFSWJDFTBOETZTUFNTPMVUJPOTGPSEFGFODFEJTBTUFSSFMJFGBOESFTDVF
NJTTJPOTBOEDBORVJDLMZIFMQUIPTFJOOFFE*OXFNBEFB
HSFBUFČPSUUPBTTJTUćBJMBOEJODPOOFDUJPOXJUIUIFEJTBTUSPVT
ĘPPEJOHJO/PWFNCFS8FEPOBUFEBNPOHPUIFSUIJOHTUXPXBUFS
USFBUNFOUGBDJMJUJFTBOEFMFDUSJDBMHFOFSBUPSTXIJMFBMTPQSPWJE-
JOHPOTJUFTVQQPSUXJUIJOTUBMMBUJPOBOEUSBJOJOHPGMPDBMQFSTPOOFM
Active portfolio management
.POJUPSJOHBOEDPOUSPMPGBJSTQBDFTFBTDPBTUTBOEMBOEJTCFDPN-
JOHPOFPGPVSNBJOBSFBTBTJEFGSPNUIF(SJQFOĕHIUFSTZTUFN
BOEBJSCPSOFFBSMZXBSOJOHTZTUFNT4FSWJDFBOETVQQPSUBSFBMTP
BTVDDFTTGVMPQFSBUJPOXIFSFXFBOUJDJQBUFDPOTJEFSBCMFHSPXUI
PQQPSUVOJUJFT
"TGBSBTTUSFBNMJOJOHPVSQPSUGPMJPPGPQFSBUJPOTJTDPODFSOFE
XFNBEFTFWFSBMTUSBUFHJDBDRVJTJUJPOTBOEEJWFTUNFOUTJO
0OFPGUIFNPTUJNQPSUBOUXBTUIFBDRVJTJUJPOPG4FOTJT$PSQPSB-
UJPOPGUIF64BMFBEJOHTVQQMJFSPGTPMVUJPOTGPSBJSUSBďDNBOBHF-
NFOUBOETVSWFJMMBODFUFDIOPMPHZBTXFMMBTSBEBSBOETFOTPST