Saab 2013 Annual Report Download - page 49

SAAB ANNUAL REPORT 2013 45
ADMINISTRATION REPORT > BUSINESS AREAS
AERONAUTICS
Services and solutions
• Aeronautics offer the Gripen ghter – extremely cost-efcient,
offering continuous upgrades and a level of performance that
meets the stringent requirement of armed forces.
• The Skeldar unmanned helicopter system with modular design.
• Aeronautics is also subcontractor to commercial aircraft produc-
ers and, because we deliver mainly composite parts, our exper-
tise in handling this material is a key factor.
Aeronautics includes the following business units: Aerostructures,
Gripen E, Gripen C/D, TUAS and System & Technology.
Driving forces
Growth within military aviation is driven by governments looking to
procure combat aircraft offering better performance, greater exi-
bility and improved overall economy. The civil aircraft manufactur-
ing industry is driven by the growth of passenger trafc, the need to
upgrade existing eets and the need for new aircraft. Growth in the
civil aviation sector uctuates more with the economy than the de-
fence materiel industry does.
Orders received
Order bookings in 2013 included orders from the Swedish
Defence Materiel Administration (FMV) for the development
of Gripen E and serial production of 60 Gripen E for Sweden, of
which about SEK 25.4 billion was related to Aeronautics. FMV
also ordered upgrades of the current Gripen C/D eet and reserve
materiel for the years 2014–2016.
An order was received for integration of the weapon system
Meteor on Gripen E.
Order bookings also included new orders of about SEK 2.9 bil-
lion for deliveries to the Boeing 787 programme and the Airbus
A350, A380 and A320 programmes. is included a contract with
Airbus to become a supplier for the A350-1000 regarding design,
development and manufacturing of the ap support structures.
A rst contract was signed with the Spanish Navy regarding the
use of the unmanned aircra system Skeldar UAS during the EU
mission in the Gulf of Aden.
Orders received, where the order sum exceeded MSEK 100,
represented 98 per cent (77) of total order bookings.
Sales, income and margin
Sales increased in 2013 compared to 2012 as a result of a higher
activity level related to the development of Gripen E. e operat-
ing margin in 2013 increased compared to 2012, mainly due to
ecient project execution and decreased amortisations. At the
same time, costs of rationalisation measures were recognised. e
rationalisations mainly consist of a competence shi programme.
Markets outside Sweden accounted for 29 per cent (39) of sales.
Cash flow
Operating cash ow was negative during 2013 mainly due to tim-
ing dierences in milestone payments related to the development
of GripenE and upgrades of the Gripen C/D system.
Employees
e number of FTE’s increased in 2013, as a result of a higher
activity level in the Gripen E development.
27%
share of sales
Key figures
MSEK 2013 2012
Order bookings 29,677 4,289
Order backlog 34,113 11,305
Sales 6,869 6,076
EBITDA 603 592
EBITDA margin, % 8.8 9.7
Operating income 456 359
Operating margin, % 6.6 5.9
Operating cash ow -314 -425
No. of employees 3,219 2,997
Order bookings,
SEK billion
Sales, SEK billion Operating margin, %
3.8 4.3
29.7
20122013201120102009
6.9
3.4
5.2
6.6
5.9
2012 2013201120102009
2.8
0.1
6.4 6.0
6.9
2012 2013201120102009
6.7
7.6
Aeronautics offers a product portfolio that includes the Gripen ghter and Unmanned Aerial Systems (UAS).
Aeronautics also manufactures aircraft components for Saab’s own aircraft as well as passenger aircraft
produced by others. Products include Gripen, Skeldar and Neuron.