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SAAB organic sales growth 5 percent

Staff Writer |
SAAB operating income amounted to MSEK 1,797 (1,900) with an operating margin of 6.3 percent (7.0).

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Adjusted for non-recurring items, operating income amounted to MSEK 1,782 in 2015 and the operating margin was 6.6 percent. The company achieved organic sales growth of 5 percent in 2016, in line with company's long-term goal.

Today several major projects are in an early stage where they in most cases generate lower profits.

Development of a new jet trainer together with Boeing has also affected operating income.

The business areas Dynamics and Surveillance saw improvements in operating income thanks to increased deliveries and a change in product mix.

A high priority in 2016 was the completion of the big development projects in the order backlog, which will continue in 2017.

Operational cash flow was strong and amounted to MSEK 2,603 (-500), despite the fact that no receivables had been sold at the year-end 2016.

Cash flow was bolstered by payments related to major projects during the year, as well as by a high level of activity in the business area Dynamics.

Earnings per share after dilution amounted to SEK 10.60 (12.79). The Board of Directors proposes a dividend for 2016 of SEK 5.25 per share (5.00).

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