Saab 2013 Annual Report Download - page 2

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CAPACITY TO MANAGE THE
BENEFITS OF A STRONG START
CONTENTS
Results 2013 and Cover
Saab has a clear focus inside
Groundbreaking successes 1
Saab in brief 2
Chairman’s statement 4
CEO comment 6
Gripen 8
Megatrends 10
Markets 12
Value creation 14
Saab’s business model 16
Market organisation 20
Traf c Management 22
Strategic goals 24
– Pro table growth 26
– Performance 28
– Portfolio 29
Sustainable innovations 32
Sustainability 34
– Business ethics 37
– Society 38
– Environment 39
– Employees 41
ADMINISTRATION REPORT
Financial review 44
Business areas 45
Risks and risk management 51
Other information 55
Financial statements 59
Notes 70
Dividend motivation 119
Proposed disposition
of earnings 120
Audit report 121
Corporate governance
report 122
Shareholder information 131
Glossary, Financial
information 2013
and contact details 137
Saab was founded in 1937 to manufacture  ghter
aircraft for the Swedish Armed Forces. The requi-
rement was a high defence capability without too
high of a cost. The solutions needed to be intelligent
and cost-ef cient from the start – beginning on the
drawing board. In short: Saab was born smart.
Since then we have been a key development
partner to the Swedish Defence Materiel Adminis-
tration (FMV) and the Swedish Armed Forces and
customers in other countries. Close co-operation
with customers and rigorous customer requirements
have contributed to our formation from the start.
As the world is marked by old and new threat
scenarios and con icts, deeper dependencies and
new forms of co-operation are evolving. An increa-
singly integrated society requires technology with
the  exibility, multifunctionality and ability to operate
jointly. Demands for ef ciency have driven Saab to
always secure the entirety rather than the details. In
parallel with this, the tradition of making the most
of limited resources has been interpreted from an
operational and lifecycle perspective.
The extraordinary technological challenges th-
roughout the years have driven and developed Saab
into a broad-based Swedish innovation powerhouse
and a strong competitor. World-class, high techno-
logy expertise has been developed and the list of
ground-breaking innovations is long.
Saab is ahead of many competitors in developing
a new generation defence and security solutions.
This is particularly true with respect to Gripen, one
of the most cost-effective multi-functional  ghter
systems on the market. Saab is also at the forefront
in the area of radar systems, which is undergoing a
technology shift.
Investments are made in prioritised product areas
as Saab adjusts costs to prevailing market condi-
tions. Our goal is to maintain and strengthen our
position as one of the world’s most cost-effective
high-tech defence and security companies.
Strained national budgets and shrinking de-
fence spending, particularly in the US and Europe,
result in a tougher international competitive envi-
ronment. Saab initiated comprehensive ef ciency
improvements during the year as part of its efforts
to strengthen competitiveness, with an estimated
effect of MSEK 500 by the close of 2014.
Saab will continue to develop cost-effective
solutions, resulting in a safer society and long-term
value creation.
While every care has been taken in the translation of this annual report, readers are reminded
that the original annual report, signed by the Board of Directors, is in Swedish.