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SAAB ANNUAL REPORT 2012 51
ADMINISTRATION REPORT > BUSINESS AREAS
COMBITECH
Services and solutions
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telecom and other industries as well as the public sector. In
2012, sales grew fastest among aviation and other industrial
clients.
r$PNCJUFDIPGGFSTTFSWJDFTJOTZTUFNTEFWFMPQNFOUTZTUFNT
integration, information security, systems security, communica-
tions, mechanics, technical product information and logistics.
Sales
Sales increased in 2012, compared to 2011, mainly as a result of
the acquisition of Sörman Information in January 2012, the estab-
lishment of a development centre in Trollhättan, Sweden and the
investment in Bayes Risk Management, Norway, in August 2012.
Sales to customers other than Saab increased as well as sales
within the Saab Group. Business activities with customers other
than Saab accounted for 58per cent (62).
Markets outside Sweden accounted for 3 per cent (2) of sales.
Income and margin
The operating income increased in 2012 compared to 2011, as a
result of acquisitions made during the year and a strong organic
growth. The operating margin decreased due to integration costs
related to acquisitions made in 2012.
Cash flow
The operating cash ow was negative in 2012 as a result of the
acquisitions of Sörman Information and Bayes Risk Management.
Employees
The number of employees increased by 364 persons in 2012
(FTEs increased by 389). The acquisitions, together with the start
of the development centre in Trollhättan, accounted for the main
part of the increase in number of employees. During the year, 115
employees were hired to the development centre in Trollhättan.
In addition, the acquisition of Sörman Information increased the
number of employees by 168 and the investment in Bayes Risk
Management by 28 persons.
Combitech, an independent business area within the Saab Group, is one of Sweden’s
largest technology consulting rms. By combining technology with cutting-edge expertise
in the environment and security, we create solutions for our clients’ specic needs.
5%
share of sales.
Key figures
MSEK 2012 2011
Order bookings 1,436 1,118
Order backlog 446 344
Sales 1,410 1,000
EBITDA 130 94
EBITDA-margin, % 9.2 9.4
Operating income 122 92
Adjusted operating
margin, % 8.7 9.2
Operating cash flow -43 87
No. of employees 1,287 923
Order bookings,
SEK billion Sales,
SEK billion Adjusted operating
margin, %
RISK AS A NEW POSSIBILITY
FOR COMBITECH
Every business is subject to many risks. If the risk occurs and becomes a
reality, it can be costly and harm the reputation of an organisation. As the
new majority owner of Norweigan company Bayes Risk Management,
Combitech can now offer its customers a qualified risk analysis. Bayes is
specialised in risk analysis and has through its own research developed
methods to identify and quantify risks and manage them to minimise
damage. The customers are mainly in the Norwegian oil and gas industry
that have high security requirements, and the banking and financial sec-
tor that has an increased focus on risk management. These methods,
however, fit all industries.
1.1
1.4
2012201120102009
1.0
0.9
2012201120102009
0.9 1.0
1.4
0.9 9.2
8.7
2012201120102009
8.9
8.9