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MULTI-YEAR OVERVIEW
MSEK. unless otherwise indicated 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Order bookings 81,175 22,602 49,809 20,683 18,907 26,278 18,428 23,212 20,846 27,575
Order backlog 31 December 113,834 60,128 59,870 34,151 37,172 41,459 39,389 45,324 47,316 50,445
Sales 27,186 23,527 23,750 24,010 23,498 24,434 24,647 23,796 23,021 21,063
Foreign market sales, % 58 55 59 64 63 62 69 68 65 65
Defence sales, % 82 79 81 82 84 83 83 83 81 79
Operating income (EBIT) 1,900 1,659 1,345 2,050 2,941 975 1,374 166 2,607 1,745
Operating margin, % 7.0 7.1 5.7 8.5 12.5 4.0 5.6 0.7 11.3 8.3
Operating income before depreciation/
amortisation and write-downs (EBITDA) 2,859 2,523 2,367 3,168 4,088 2,187 2,598 1,515 3,685 2,519
EBITDA margin, % 10.5 10.7 10.0 13.3 17.4 9.0 10.5 6.4 16.0 12.0
Income after financial items 1,731 1,523 979 2,003 2,783 776 976 -406 2,449 1,693
Net income for the year 1,402 1,168 742 1,560 2,217 454 699 -242 1,941 1,347
Net income attributable to Parent Company’s
shareholders 1,362 1,153 741 1,585 2,225 433 686 -248 1,921 1,300
Total assets 35,088 29,556 27,789 28,938 31,799 29,278 30,430 32,890 33,801 32,771
-of which advance payments, net 1,098 856 818 553 1,022 643 442 897 2,558 3,642
-of which total equity 12,912 11,373 12,227 11,280 13,069 11,444 10,682 9,330 11,008 10,025
-of which equity attributable to Parent
Company's shareholders 12,851 11,291 12,136 11,168 12,950 11,274 10,542 9,240 10,981 9,802
Equity per share, SEK1) 121.28 107.02 114.04 105.43 122.94 107.66 99.91 86.49 101.53 89.80
Net liquidity/debt excluding interest-bearing
receivables and net provisions for pensions -1,880 185 1,953 3,837 4,735 2,382 -1,631 -3,061 -2,802 -261
Net liquidity/debt -3,217 -2,113 813 1,996 5,333 3,291 -634 -1,693 -1,627 605
Cash flow from operating activities 358 -713 -662 350 2,392 4,487 1,696 954 -1,304 969
Free cash flow -726 -1,094 -1,460 -396 2,477 4,349 1,447 659 -1,603 -1,900
Free cash flow per share after dilution, SEK -6.82 -10.23 -13.38 -3.63 22.69 39.84 13.26 6.13 -14.69 17.41
Average capital employed 18,454 15,897 15,454 15,131 13,987 13,743 13,775 13,994 13,430 12,789
Return on capital employed, % 11.2 11.1 9.1 14.6 22.2 7.9 10.3 1.4 19.4 14.5
Return on equity, % 11.5 9.9 6.3 12.8 18.1 4.1 7.0 -2.4 18.5 13.8
Profit margin, % 7.61 7.49 5.92 9.18 13.21 4.47 5.78 0.82 11.40 8.83
Capital turnover rate, multiple 1.47 1.48 1.54 1.59 1.68 1.78 1.79 1.70 1.71 1.65
Equity/assets ratio, % 36.8 38.5 44.0 39.0 41.1 39.1 35.1 28.4 32.6 30.6
Interest coverage ratio, multiple 6.12 7.37 3.29 10.91 9.58 3.20 3.16 0.35 21.40 13.47
Earnings per share before dilution, SEK2) 5) 12.88 10.86 6.98 15.00 21.19 4.12 6.45 -2.31 17.68 11.91
Earnings per share after dilution, SEK3) 5) 12.79 10.78 6.79 14.52 20.38 3.97 6.28 -2.31 17.60 11.91
Dividend, SEK 5.004) 4.75 4.50 4.50 4.50 3.50 2.25 1.75 4.50 4.25
Gross capital expenditures for tangible
fixed a ssets 799 732 543 328 325 262 197 386 395 433
Research and development costs 6,841 5,970 6,543 5,946 5,116 5,008 4,820 4,141 4,523 3,537
Number of employees at year-end 14,685 14,716 14,140 13,968 13,068 12,536 13,159 13,294 13,757 13,577
1)
Number of shares, excluding treasury shares, as of 31 December 2015: 105,957,065, 2014: 105,499,980, 2013: 106,414,144, 2012: 105,930,829, 2011: 105,331,958, 2010: 104,717,729,
2009: 105,511,124, 2008: 106,829,893, 2007: 108,150,344, 2006: 109,150,344.
2)
Average number of shares 2015: 105,714,805, 2014: 106,125,666, 2013: 106,125,107, 2012: 105,632,911, 2011: 104,982,315, 2010: 105,217,786, 2009: 106,335,553, 2008: 107,515,049,
2007: 108,668,700, 2006: 109,150,344.
3)
Average number of shares 2015: 106,450,263, 2014: 106,916,255; 2009–2013: 109,150,344, 2008: 107,515,049; 2006–2007: 109,150,344.
4)
2015 Board of Directors’ proposal.
5)
Net income less non-controlling interest divided by average number of shares.
Financials for 2013 are restated according to the changed accounting principles for joint arrangements (IFRS 11).
Financials for 2012 are restated according to the changed accounting principles for pensions (IAS 19).
Financials for 2011 and earlier are not restated.
118 – SAAB ANNUAL REPORT 2015