Saab 2014 Annual Report Download - page 49

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SERVICES AND SOLUTIONS
• Design, construction and maintenance of
submarines and surface vessels.
• Naval combat management systems based on
9LV, complete solutions integrated with sensors
for surface vessels or submarines. Combat
management systems are also supplied to air
forces and armies.
• Training systems and solutions mainly for the
army, but also for navies and air forces. ese
systems and solutions include both live and
virtual training.
• Air trac management systems for airports.
Systems and solutions include landing and
security systems as well as trac control tower
solutions. e latter include Remote Tower for
remote air trac control.
• Maritime trac management. Systems and
solutions range comprise AIS transponders
with AIS base stations, coast and port security,
navigation solutions and hydrographic systems.
• Security systems and solutions for secure com-
munications. Systems comprise security and
case management systems for prisons, airports,
armoured transports, police and ambulance
services.
Security and Defence Solutions includes the
following: Combat System and C4I Solutions,
Critical System and Communication Solutions,
Trac Management, Training and Simulation
and Saab Kockums.
ORDERS RECEIVED
Order bookings increased in 2014 compared to
2013, partly due to several orders for military
training systems.
Saab and FMV signed a Letter of Intent regar-
ding the Swedish armed forces’ underwater capa-
bility. e Letter of Intent refers to the period
2015-2024 and includes potential orders of
approximately SEK 11.2 billion. In 2014, orders
were received from FMV regarding construction
and production plans for the next generation
submarines as well as mid-life updates and over-
haul of three submarines.
Orders received with a total value exceeding
MSEK 100 represented 47 per cent (35) of total
order bookings.
SALES, INCOME AND MARGIN
Sales increased mainly due to the acquisition of
yssenKrupp Marine Systems (Saab Kockums).
Operations comprise combat management systems for the navy, air force
and army as well as the design, construction and maintenance of submarines
and surface vessels. The portfolio also includes systems for training and
simulation, security systems, solutions for secure communication as well as
systems for maritime and air traffic management.
ADMINISTRATION REPORT
BUSINESS AREA SECURITY AND
DEFENCE SOLUTIONS
e takeover of Saab Kockums, and hence new
business conditions, had a positive impact on
income.
e operating margin rose as a result of the
eciency measures initiated in 2013.
Markets outside Sweden accounted for 73 per
cent (78) of sales.
CASH FLOW
Operational cash ow was at a high level in
the fourth quarter as a positive eect of timing
dierences between delivery, activity and mile-
stone payments.
EMPLOYEES
e deconsolidation of Saab Grintek Technologies
(Pty) Ltd as of 31 March 2014 resulted in a de crease
of 265 FTE’s, while the acquisition of Saab Kockums
increased the number of FTE’s by 855 at year-end.
Excluding this, the number of FTE’s further
decreased following the eciency measures
initiated in 2013.
Key figures
MSEK 2014 2013
Order bookings 6,110 4,736
Order backlog 6,823 5,571
Sales 5,762 5,095
EBITDA 468 328
EBITDA margin, % 8.1 6.4
Operating income, EBIT 356 213
Operating margin, % 6.2 4.2
Operational cash flow 157 122
No. of employees (FTE) 3,234 2,843
Share of sales 2014
SEK billion
0
1
2
3
4
5
6
7
1413121110
Order bookings 2014
Sales 2014
SEK billion
0
1
2
3
4
5
6
7
1413121110
Operating margin 2014
%
0
1
2
3
4
5
6
7
1413121110
24%
SAAB ANNUAL REPORT 2014 – 45