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SAAB 2015
SELF-PROTECTION SYSTEM FOR INDIAN AIR
FORCE’S HELICOPTER
Saab received follow-on orders for an integrated
electronic warfare self-protection system for
installation on the Indian Army’s and Air Force’s
Advanced Light Helicopter Dhruv.
SUBMARINE A26 TO SWEDEN
In June, the Swedish Navy ordered the Type A26,
the world’s most modern submarine. Deliveries will
start in 2022 and be nalised in 2024. e A26 will
be a unique, high-tech submarine with a proven
modular design, which gives the platform a high
level of availability at a low life-cycle cost.
UK ORDERED GIRAFFE RADAR SYSTEM
e UK Ministry of Defence has ordered additional
Girae AMB radar systems plus upgrades of existing
British Girae systems and associated equipment.
GRIPEN ORDER FROM BRAZIL
In September, Saab received an order for the devel-
opment and production of 36 Gripen NG aircra for
the Brazilian Air Force. In December, the contract
with Brazil for operational capabilities for Gripen
also went into eect.
SUPPORT AGREEMENT FOR SK60
TRAINER AIRCRAFT
e Swedish Defence Materiel Administration
(FMV) and Saab extended the support and mainte-
nance agreement for the SK60 trainer aircra. is
means that Saab will remain the principal supplier
responsible for all required ight operations, main-
tenance and provision of stand-by capacity for all
SK60 aircra used by the Swedish Armed Forces.
AIRBORNE SURVEILLANCE SYSTEM
In November, it was announced that the United
Arab Emirates has ordered the Saab's new airborne
surveillance system, GlobalEye, to expand and
enhance its airborne surveillance capabilities.
GlobalEye combines Saab's entirely new radar
system Erieye ER (Extended Range) with
Bombardier's advanced jet Global 6000.
DIVIDEND
For 2015 the Board of Directors is proposing that
the Annual General Meeting approve a dividend to
shareholders of SEK 5.00 (4.75) per share, corres-
ponding to 39 per cent (43) of net income.
Financial highlights (MSEK)
2015 2014 2013
Order backlog at year-end 113,834 60,128 59,870
Sales 27,186 23,527 23,750
Operating income (EBIT) 1,900 1,659 1,345
Operating margin (EBIT), % 7.0 7.1 5.7
Net income 1,402 1,168 742
Earnings per share after dilution, SEK 12.79 10.78 6.79
Free cash flow -726 -1,094 -1,460
Dividend per share, SEK 5.00* 4.75 4.50
Equity/assets ratio, % 36.8 38.5 44.0
Internally funded R&D, share of sales, % 6.5 5.7 5.6
Number of employees at year-end 14,685 14,716 14,140
Saab reported strong growth and stable protability in 2015. In addition,
the company won a number of major orders for Gripen, A26 and
GlobalEye. The focus now is on project execution and delivery.
Organic sales growth
11%
Goal:
5 per cent per year over
a business cycle
Operating margin
7%
Goal:
At least 10 per cent per year
over a business cycle
Equity/assets ratio
37%
Goal:
Exceeding 30 per cent
* Board of Directors' Proposal 2015.
Order bookings and sales
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
1514131211
MSEK
Order bookings Sales
82% defence-related
products and services
18% civil products
and services
Share of sales
SAAB ANNUAL REPORT 2015 – 1