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SAAB ANNUAL REPORT 2012 47
ADMINISTRATION REPORT > BUSINESS AREAS
DYNAMICS
Services and solutions
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includes support weapons, camouage, 3D mapping, missiles,
torpedoes and unmanned underwater vehicles.
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Orders received
Orders received in 2012 were lower compared to 2011, partly as a
result of a challenging market situation and delays in customers’
investment decision processes.
Large orders received included several contracts related to the
man-portable weapon system Carl-Gustaf. The U.S. Army for
the second time placed an order to equip its forces, a contract
was signed with the U.S. Special Operations Command to sup-
ply additional Carl-Gustaf man-portable weapon systems and
ammunition. An order for the Surface-to-Surface Missile RBS15
Mk3 was received as well as an order from FMV for an upgrade of
the heavyweight torpedo Torpedo 62 and support for underwater
weapon systems.
Orders received, where the order sum exceeded MSEK 100,
represented 54 per cent (59) of total order bookings.
Sales
Sales increased compared to 2011 as a result of a continued high
activity level in large projects.
Markets outside Sweden accounted for 88 per cent (82) of sales.
Income and margin
The operating margin in 2012 increased due to a more favourable
product mix in combination with increased sales.
Cash flow
Operating cash ow was lower in 2012 compared to 2011, due to
timing differences in advance payments related to large orders.
Employees
The number of employees increased due to a higher activity level.
In the fourth quarter, it was announced that Görgen Johansson
had been appointed Head of the business area Dynamics. He
took up his position on 1 January 2013 and is part of the Group
Management Team.
18%
share of sales.
Key figures
MSEK 2012 2011
Order bookings 4,095 4,246
Order backlog 4,769 5,460
Sales 4,779 4,335
EBITDA 794 652
EBITDA-margin, % 16.6 15.0
Operating income 621 484
Adjusted operating
margin, % 13.0 11.2
Operating cash flow 498 588
No. of employees 1,529 1,475
Order bookings,
SEK billion Sales,
SEK billion
4.2 4.1
2012201120102009
3.3
3.1
4.3
4.8
2012201120102009
4.7
4.6
Dynamics offers a product portfolio with ground combat weapons, missile systems, tor-
pedoes, unmanned underwater vehicles and signature management systems for armed
forces as well as military and civil niche products from spin-offs such as unmanned
underwater vehicles for the offshore industry and 3D mapping solutions for the defence
market. Products include Carl-Gustaf, RBS 70 and Rapid 3D Mapping.
Adjusted operating
margin, %
13.0
11.2
2012201120102009
6.8
5.9