Saab 2015 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2015 Saab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 126

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126

GOALS
SAAB’S GOALS AND RESULTS
The purpose of Saab’s goals is to
ensure the company’s success
and sustainability. The financial
goals apply as of 2011.
%
0
3
6
9
12
15
1514131211
Operating margin
%
0
10
20
30
40
50
1514131211
Equity/assets ratio
Sales
SEK billion
0
5
10
15
20
25
30
1514131211
SALES
Average organic sales growth of 5 per cent per
year over a business cycle. In 2015, organic
sales growth was 11 per cent (-3).
RESULT
Sales growth is a result of the major order
bookings in recent years. All business areas
are reporting growth despite what remains a
challenging defence and security market.
DIVIDEND
e long-term dividend goal is to
distribute 20–40 per cent of net income
to the shareholders over a business cycle.
RESULT:
For 2015, the Board of Directors proposes a
dividend of SEK 5.00 per share (4.75), corre-
sponding to 39 per cent (43) of net income.
OPERATING MARGIN
Average operating margin (EBIT) of at least 10 per
cent per year over a business cycle. In 2015, the
operating margin (EBIT) was 7.0 per cent (7.1).
RESULT
Operating income has been positively aected
by revenue recognition in large projects in the
business areas Aeronautics, Electronic Defence
Systems, and Support and Services. Investments
in product renewal mainly related to sensors and
the T-X program have had a negative eect on
operating income.
EQUITY/ASSETS RATIO
e equity/assets ratio will exceed 30 per cent.
At year-end 2015, the equity/assets ratio was
36.8 per cent (38.5).
RESULT
In 2015, funding increased in order to strengthen
Saab’s long-term exibility. e equity/assets
ratio is stable at a level exceeding the Group’s
goal, however.
SALES
OPERATING
MARGIN
EQUITY/ASSETS
RATIO
DIVIDEND
EXPERTISE
TRUST
DRIVE
5.00
30 – SAAB ANNUAL REPORT 2015