Micael Johansson, President and CEO Christian Luiga, CFO and Deputy CEO
FY 2021 Highlights
Orders Growth
43,569 MSEK 3%
(42,328 MSEK)
EBITDA Margin
4,826 MSEK
12.3%
(2,833 MSEK)
(8.0%)
OCF
3,276 MSEK
(2,773 MSEK)
Sales Growth
39,154 MSEK 11%
(35,431 MSEK)
EBIT Margin
2,888 MSEK
7.4%
(1,315 MSEK)
(3.7%)
Saab is growing - a strong year with growth in order intake, order backlog and sales
Delivered on our outlook on all metrics; sales growth, EBIT margin and cash flow
Gripen E entering serial delivery phase for Brazilian and Swedish Air Forces
Delivering on our multi-domestic strategy, including opening of U.S. T-7facility and strengthening presence in Germany and Finland
Developing future capabilities related to defence cloud, cyber defence and sensor systems
Acceleration of our sustainability strategy
Strengthened balance sheet and proposed increase of dividend to SEK 4.90 (4.70)
Q4 Highlights
Orders Growth
12,218 MSEK -33%
(18,106 MSEK)
EBITDA
Margin
1,587 MSEK 13.3%
(1,229 MSEK)
(9.8%)
OCF
1,522 MSEK
(2,901 MSEK)
Sales Growth
11,943 MSEK -4%
(12,491 MSEK)
EBIT
Margin
1,076 MSEK
9.0%
(766 MSEK)
(6.1%)
Market status and orders
High activity in the defence and security market
Rising geopolitical tensions and security threats impact short and long-term demand
Defence budgets to increase in several countries, e.g. Sweden, U.K. and Australia
Increased demand in capabilities such as Defence Cloud, Space, Cyber Security and Autonomy
Demand in civil aviation still weak
Orders in Q4
New equipment contract for the Gripen E fighter to Sweden
Capability upgrade contract for the Hungarian Gripen C/D fleet
Sea Giraffe AMB order to Royal Canadian Navy
Several Carl-Gustaf orders, including next generation ammunition to Sweden
Launch contract for G1X radar with short range air defence application
HX-fightercampaign: Finland selects U.S. capability despite strong Swedish offer
4
Business area summary
Aeronautics
Selected to final round in Canada campaign
Gripen E programme entering delivery phase to both Brazil and Sweden
Continued low sales in civil aviation operations
T-7Aoperations continued to impact negatively
MSEK
Q4 2021
Q4 2020
FY 2021
FY 2020
Order intake
3,166
1,985
7,828
6,006
Sales
3,637
3,577
12,263
11,340*
EBITDA
301
-286*
871
-771*
EBITDA margin
8.3%
-8.0%
7.1%
-6.8%
EBIT margin
7.3%
-8.8%
6.1%
-7.7%
Dynamics
Continued favourable market position
Several Carl-Gustaf M4 orders in Q4
Next phase Heavyweight Torpedo 62 to Sweden and Saab Seaeye underwater robots to UK customer
Q4 sales down due to lower seasonal sales variation
Good performance in Ground Combat and Underwater Systems
MSEK
Q4 2021
Q4 2020
FY 2021
FY 2020
Order intake
2,972
1,830
10,909
12,028
Sales
2,790
2,924
8,690
7,608
EBITDA
393
458*
1,201
1,003*
EBITDA margin
14.1%
15.7%
13.8%
13.2%
EBIT margin
13.3%
14.7%
12.8%
12.0%
*Impacted by project estimate adjustments
*Impacted by project estimate adjustments
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Saab AB published this content on 11 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2022 08:47:07 UTC.
Saab AB is a Sweden-based company offering products and services ranging from military defense to civil security. The Companyâs operations are divided into six business areas. The Aeronautics includes the development of civil and military aviation technology, including the Gripen and Unmanned Aerial Systems. The Dynamics comprises a product portfolio of weapon systems, such as support weapons, missiles, Remotely Operated Vehicles and signature management systems. The Electronic Defense Systems provides airbone, land-based and naval systems and radar, signals intelligence and self-protection. The Security and Defense Solutions provides the military and civil security market with, among others, computerized command, control, communications and intelligence systems. The Support and Services offers service and support to the Saabâs clients. Among others, the Company operates through Thyssen Krupp Marine Systems AB and Nordic Defence Industries, a producer of mine disposal charge systems.