Saab 2015 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 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

SERVICES AND SOLUTIONS
• Gripen is the world's most exible and adaptable
combat aircra system and will be continuously
upgraded and improved.
• Unmanned/autonomous systems.
• Boeing and Saab are jointly developing a series
prototype for the next generation trainer aircra
for the U.S. Air Force, the T-X program.
Aeronautics includes the following business units:
Gripen E, Gripen C/D, Advanced Pilot Training
Systems and Operations Contracts.
ORDERS RECEIVED
In 2015, the contract with the Brazilian government
on the development and production of
36GripenNG took eect. Of the total order of
SEK39.3 billion, about SEK 35.5 billion related to
Aeronautics. e contract with Brazil’s Ministry of
Defence through Comando da Aeronáutica
(COMAER) for external stores for Gripen NG took
eect as well. e order value amounted to approxi-
mately SEK 1.8 billion.
Orders received with a total value exceeding
MSEK 100 represented 98 per cent (95) of total
order bookings.
SALES, INCOME AND MARGIN
Sales increased in 2015 compared to 2014 mainly
due to sales related to Gripen NG to Brazil and
Gripen E to Sweden.
e operating margin was adversely aected by
the signicant investment made in 2015 in the T-X
program, where Saab has teamed up with Boeing to
develop the trainer aircra of the future. is work
will continue in 2016.
In December, Saab and UMS Aero Group AG,
Aeronautics is a world-leading manufacturer of innovative aerial systems and is
engaged in development of military aviation technology. It also conducts long-
term future studies of manned and unmanned aircraft as preparation for new
systems and further development of existing products.
ADMINISTRATION REPORT
BUSINESS AREA AERONAUTICS
Share of sales 2015
a Swiss supplier of tactical unmanned aerial vehicles
(UAVs), formed a joint venture under the name
UMS Skeldar AG. Saab transferred all assets relating
to the Skeldar unmanned helicopter to UMS Skeldar.
e transfer generated a capital gain of MSEK 117.
Markets outside Sweden accounted for 26 per
cent (10) of sales.
CASH FLOW
Operational cash ow was negative in 2015 due to
timing dierences in project execution, milestone
payments and investments in the T-X program.
EMPLOYEES
e number of employees rose slightly during the
year mainly due to increased activity in the Gripen
programmes.
Key figures
MSEK 2015 2014
Order bookings 39,349 6,213
Order backlog 59,476 26,388
Sales 6,262 5,454
EBITDA 548 439
EBITDA margin, % 8.8 8.0
Operating income, EBIT 509 398
Operating margin, % 8.1 7.3
Operational cash flow -632 -401
No. of employees (FTE) 2,723 2,690
SEK billion
0
5
10
15
20
25
30
35
40
1514131211
Order bookings
Sales
SEK billion
0
1
2
3
4
5
6
7
1514131211
Operating margin
%
0
1
2
3
4
5
6
7
8
9
1514131211
22%
36 – SAAB ANNUAL REPORT 2015