Saab 2015 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 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

Key figures
MSEK 2015 2014
Order bookings 3,632 2,604
Order backlog 9,587 9,537
Sales 3,562 3,465
EBITDA 260 143
EBITDA margin, % 7.3 4.1
Operating income, EBIT 213 112
Operating margin, % 6.0 3.2
Operational cash flow -15 -320
No. of employees (FTE) 2,381 2,370
SERVICES AND SOLUTIONS
• Technical consulting services to customers in
industry, defence and the public sector through
the independent subsidiary Combitech. e
company oers a broad range of services, with
cutting-edge expertise in cyber security, the
Internet of things and R&D Excellence.
• Subcontractor of parts such as wing aps and
doors for commercial aircra manufacturers
such as Boeing and Airbus.
• Critical systems and components such as com -
puters, display systems and actuators for demand-
ing environments for aircra and helicopters.
• e minority portfolio gathers together and
develops product ideas that derive from develop-
ment projects but fall outside the core business.
Industrial Products and Services also invests
in small, fast-growing companies that could
eventually complement the core portfolio.
Industrial Products and Services include the following
business units: Aerostructures, Avionics Systems
and the independent consulting rm Combitech.
e minority portfolio includes the interests in
Vricon Inc, UMS Skeldar AG, Cold Cut Systems AB,
C-leanship AS, Minesto AB, Revibe Energy AB
and WRAP International AB.
ORDERS RECEIVED
Order bookings increased in 2015 mainly because
the business unit Avionics Systems received orders
within the framework of the Brazilian government’s
order for Gripen NG.
Orders received with a total value exceeding
MSEK 100 represented 30 per cent (22) of total
order bookings.
ADMINISTRATION REPORT
BUSINESS AREA INDUSTRIAL
PRODUCTS AND SERVICES
The business units within Industrial Products and Services are focused on
business-to-business (B2B) customers. There is also a minority portfolio
containing Saab’s ownership interests in companies in various
stages of development.
SALES, INCOME AND MARGIN
Sales increased slightly in 2015 compared to 2014
mainly due to additional deliveries within the
business unit Aerostructures and positive develop-
ment for the business unit Avionics Systems and
the technical consulting company Combitech.
Markets outside Sweden accounted for
45 per cent (46) of sales.
e operating margin improved in 2015
compared to 2014 due to improvements in operat-
ing income in Avionics Systems and the holding in
Saab Ventures. In May, Saab and DigitalGlobe Inc.,
a leading global provider of high-resolution earth
imagery solutions, announced the creation of a
joint venture, Vricon Inc.
CASH FLOW
Operational cash ow was negative in 2015 mainly
due to a high rate of project activity in connection
with preparations for upcoming deliveries within
Aerostructures.
EMPLOYEES
e number of employees was unchanged compared
to the previous year.
Share of sales 2015
SEK billion
0
1
2
3
4
5
6
1514131211
Order bookings
Sales
SEK billion
0
1
2
3
4
1514131211
Operating margin
%
0
2
4
6
8
10
1514131211
10%
SAAB ANNUAL REPORT 2015 – 41