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46 SAAB ANNUAL REPORT 2013
ADMINISTRATION REPORT > BUSINESS AREAS
DYNAMICS
Services and solutions
Products and services have been sold to more than 60 countries
around the world and includes ground combat weapons, missile
systems, camouage, torpedoes and unmanned underwater
vehicles.
• Ground combat weapons including NLAW, AT4, Carl-Gustaf and
Bill 2.
• Land-based air defence systems including RBS 70, RBS 70 NG
and BAMSE.
• The RBS 15 air-to-surface missile and missile programmes
including Meteor, Taurus and IRIS-T.
• Underwater systems including AUV62, Seaeye Falcon and
Double Eagle.
• Camouage systems including Barracuda MCS, ULCAS and
SOTACS.
Dynamics includes the following business units: Ground Combat
Systems, Missile Systems, Underwater Systems and Barracuda.
Driving forces
Today’s conicts are waged increasingly in urban environments.
This calls for new materiel systems and new technology in key
areas: system integration, interoperability, efciency and tactical
exibility. Heightened national security requirements combined
with shrinking defence budgets require solutions that combine high
performance, precision and cost-efciency.
Orders received
Order bookings in 2013 were lower than in the same period 2012
due to a challenging market situation with postponements of
customers’ investments.
Large orders received during 2013 included orders for missile
components, components for the Carl-Gustaf man-portable
weapon system, two orders for delivery of AUV62, the latest
version of the advanced target training for Anti Submarine War-
fare (ASW) training, one order for long-term maintenance and
support of the AUV62, and one order for the delivery of explosive
training artillery ammunition.
Orders received, where the order sum exceeded MSEK 100,
represented 47 per cent (54) of total order bookings.
Sales, income and margin
Sales decreased in 2013 compared to 2012 as a result of lower
order bookings.
Markets outside Sweden accounted for 85percent (88) of sales.
e operating margin was lower during 2013 compared to
2012, as a result of decreased sales. Despite lower sales during the
fourth quarter 2013, the operating margin was on par with the
fourth quarter 2012, as a result of a dierent product mix.
Cash flow
Operating cash ow decreased in 2013 compared to 2012, mainly
due to a lower activity level.
Employees
In September, union negotiations were initiated to reduce head-
count at the production unit in Karlskoga, Sweden. e redun-
dancy notice aects 70 positions.
14%
share of sales
Key figures
MSEK 2013 2012
Order bookings 3,350 4,095
Order backlog 4,549 4,769
Sales 3,572 4,779
EBITDA 386 794
EBITDA margin, % 10.8 16.6
Operating income 324 621
Operating margin, % 9.1 13.0
Operating cash ow 394 498
No. of employees 1,544 1,529
Order bookings,
SEK billion
Sales, SEK billion Operating margin, %
4.2 4.1
3.4
2012 2013201120102009
3.3
3.1
13.0
9.1
11.2
2012 2013201120102009
6.8
5.9
4.3
4.8
3.6
2012 2013201120102009
4.7
4.6
Dynamics offers a product portfolio with ground combat weapons, missile systems, torpedoes, unmanned
underwater vehicles and signature management systems for armed forces, as well as unmanned underwater
vehicles for the offshore industry. Products include Carl-Gustaf, RBS 70 and RBS 15.