Saab 2015 sales increase 16 percent backed by large order
During 2015, Saab received several large orders, including Gripen for Brazil, the submarine A26 for Sweden and an airborne surveillance system for the United Arab Emirates (UAE). In addition, the volume of small and medium sized orders increased by more than 30 percent.
During 2015, sales amounted to MSEK 27,186 (23,527), an increase of 16 percent. The organic sales growth amounted to 11 percent.
All business areas reports growth. The increase is mainly attributable to business area Aeronautics following the order for Gripen to Brazil and the order for an airborne surveillance system that was received in November 2015.
This order had a positive impact on sales in business areas Electronic Defence Systems and Support and Services during the fourth quarter as preparation work was recognised as sales upon signing of the contract.
Operating income amounted to MSEK 1,900 (1,659) during the year and the operating margin was 7.0 percent (7.1). The operating income in the fourth quarter was positively impacted by sales recognition in the large projects and by large deliveries in business area Dynamics.
The operational cash flow amounted to MSEK -500 (-1,197) for the full year and MSEK 653 (753) for the fourth quarter. Cash flow was positively impacted by milestone payments related to Gripen for Brazil and the submarine A26 for Sweden. ■