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Saab Global

Financial data

Here, you can find key financial data and Saab’s financial objectives. You can also download financials to Microsoft Excel.

Additional reports

MSEK20232022202120202019201820172016201520142013201220112010
Order bookings77,81163,11643,56942,32827,21627,97530,84121,82881,17522,60249,80920,68318,90726,278
Order backlog at year-end153,409127,676105,17799,81693,293102,184107,233107,606113,83460,12859,87034,15137,17241,459
Sales51,60942,00639,15435,43135,43333,15631,66628,63127,18623,52723,75024,01023,49824,434
Foreign market sales, %5858626463595857585559646362
Defence sales, %9089929185858483827981828483
Operating income (EBIT)4,2723,2742,8881,3152,9372,2662,2501,7971,9001,6591,3452,0502,941975
Operating margin, %8.37.87.43.78.36.87.16.37.07.15.78.512.54.0
Operating income before depreciation/amortisation and write-downs (EBITDA)6,5585,4014,8262,8334,3053,1823,0892,7432,8592,5232,3673,1684,0882,187
EBITDA margin, %12.712.912.38.012.19.69.89.610.510.710.013.317.49.0
Income after financial items4,4182,8192,5771,1122,6071,7962,0991,6111,7311,5239792,0032,783776
Net income for the year3,4432,2832,0251,0922,0251,3661,5081,1751,4021,1687421,5602,217454
Net income attributable to Parent
Company's shareholders
3,3812,1951,9261,0731,9831,3131,4771,1331,3621,1537411,5852,225433
Total assets82,75972,36565,03960,56859,85856,12844,99841,21135,08829,55627,78928,93831,79929,278
- of which total equity32,36229,87623,24921,64420,80919,63314,28513,30112,91211,37312,22711,28013,06911,444
- of which equity attributable to Parent Company's shareholders32,03529,48622,97621,46620,53519,41214,09713,15612,85111,29112,13611,16812,95011,274
Equity per share, SEK ¹⁾240.42222.55174.31162.32154.48145.43121.86114.17111.9998.83105.3197.35113.5399.41
Net liquidity/debt excluding interest-bearing receivables and net provisions for pensions6,1025,6634,6692,918-3542,19034428-1,8801851,9533,8374,7352,382
Net liquidity/debt2,3432,432-2,125-4,273-7,069-1,460-1,834-1,836-3,217-2,1138131,9965,3333,291
Cash flow from operating activities6,4624,6545,7135,8001,194-4903,1644,154358-713-6623502,3924,487
Free cash flow1,5661,8712,7373,753-2,036-3,1958522,359-726-1,094-1,460-3962,4774,349
Average capital employed42,45339,36437,24336,33834,48528,15122,49521,13518,45415,89715,45415,13113,98713,743
Return on capital employed, %11.98.88.14.39.18.710.58.911.211.19.114.622.27.9
Return on equity, %11.18.69.05.110.08.110.99.011.59.96.312.818.14.1
Profit margin, %9.798.267.694.368.837.427.496.597.617.495.929.1813.214.47
Capital turnover rate, multiple1.221.071.050.981.031.181.411.351.471.481.541.591.681.78
Equity/assets ratio, %39.141.335.735.734.835.031.732.336.838.544.039.041.139.1
Interest coverage ratio, multiple7.955.346.923.576.018.108.726.846.127.373.2910.919.583.20
Earnings per share before dilution, SEK ²⁾ ⁵⁾25.4416.6114.578.0714.8811.2712.799.8511.9010.036.4513.8619.573.80
Earnings per share after dilution, SEK ³⁾ ⁵⁾25.1616.4114.458.0114.8111.2112.709.7911.819.966.2713.4118.823.66
Dividend, SEK6,40 ⁴⁾5.304.904.7004.55.55.255.004.754.54.54.53.5
Gross capital expenditures for tangible fixed assets2,5071,6241,2231,2691,2131,4811,093807799732543328325262
Total Research and development expenditures8,8997,6376,8977,4407,6437,5627,3487,4216,8415,9706,5435,9465,1165,008
Number of employees at year-end21,47919,00218,15318,07317,42017,09616,42715,46514,68514,71614,14013,96813,06812,536
¹⁾ Number of shares, excluding treasury shares, as of 31 December 133,247,315132,488,884131,810,178132,247,073132,926,363133,482,880115,685,451115,232,495114,746,834114,251,832115,241,831114,718,422114,069,871113,404,688
²⁾ Average number of shares before dilution132,883,908132,157,586132,164,599133,009,986133,245,360116,467,822115,444,915114,971,098114,484,478114,929,422114,928,817114,395,790113,691,223113,946,228
³⁾ Average number of shares after dilution134,377,832133,724,223133,293,340133,877,414133,929,292117,144,915116,310,466115,775,275115,280,946115,785,595118,205,015118,205,015118,205,015118,205,015
⁴⁾ Board of Directors' proposal
⁵⁾ Net income less non-controlling interest divided by average number of shares.
MSEK20232022202120202019201820172016201520142013201220112010
Sales51,60942,00639,15435,43135,43333,15631,66628,63127,18623,52723,75024,01023,49824,434
Cost of goods sold-40,349-33,120-30,949-29,755-27,398-25,392-24,123-21,748-20,700-17,450-17,422-16,802-16,791-18,843
Gross income11,2608,8868,2055,6768,0357,7647,5436,8836,4866,0776,3287,2086,7075,591
Other operating income5912311461,2912171561042013714302043381,351222
Marketing expenses-2,738-2,333-2,266-2,339-2,609-2,644-2,430-2,223-2,061-2,144-2,082-2,191-1,879-1,727
Administrative expenses-1,980-1,543-1,434-1,409-1,488-1,466-1,493-1,364-1,323-1,214-1,111-1,215-1,217-1,235
Research and development costs-2,117-1,817-1,659-1,331-1,137-1,267-1,348-1,592-1,565-1,487-1,762-2,096-1,928-1,820
Other operating expenses-59-53-76-393-76-263-87-70-48-21-257-19-77-70
Share in income of associated companies and joint ventures-685-97-28-180-5-14-39-3840182525-1614
Operating income4,2723,2742,8881,3152,9372,2662,2501,7971,9001,6591,3452,0502,941975
Share in income of associated companies and joint ventures-----------2426
Financial income7821941242301901931219016910362153162116
Financial expenses-636-649-435-433-520-663-272-276-338-239-428-202-324-341
Net financial items146-455-311-203-330-470-151-186-169-136-366-47-158-199
Income before taxes4,4182,8192,5771,1122,6071,7962,0991,6111,7311,5239792,0032,783776
Taxes-975-536-552-20-582-430-591-436-329-355-237-443-566-322
Net income for the year3,4432,2832,0251,0922,0251,3661,5081,1751,4021,1687421,5602,217454
Attributable to:
Parent Company's shareholders3,3812,1951,9261,0731,9831,3131,4771,1331,3621,1537411,5852,225433
Non-controlling interest628899194253314240151-25-821
Earnings per share before dilution (SEK)25.4416.6114.578.0714.8811.2712.799.8511.910.036.4513.8619.573.8
Earnings per share after dilution (SEK)25.1616.4114.458.0114.8111.2112.709.7911.819.966.2713.4118.823.66
MSEK202320222021202020192018201820172016201520142013201220112010
ASSETS
Fixed assets:
Intangible fixed assets12,94112,24812,16211,52010,4659,0579,0577,8627,0946,4766,3516,3406,8496,6996,413
Tangible fixed assets9,5017,9657,1476,6086,2236,1296,1295,3114,8114,4723,7023,2393,1623,2723,052
Lease assets-----------1973047711,154
Biological assets414408385376368349349352291290289296306305299
Right of use assets 2,5542,6822,4722,5162,549----------
Investment properties--------3334333133224236
Shares in associated companies and joint ventures253343404496672646646700788602397367300288251
Financial investments1,102118373026272726165190292295193197203
Long-term receivables5156955956177525545546625054441521221381,046856
Deferred tax assets48240330523126638238223825235165623921386-
Total fixed assets27,76224,86223,50722,39421,32117,14417,14415,15113,93912,85911,87211,12611,49812,88812,464
Current assets:
Inventories16,78614,19511,60910,25210,4759,2769,2768,2476,6605,2435,8194,5634,4204,3344,100
Derivatives1,6561,8357791,6771,4441,0961,0961,1391,2901,0584693965145201,105
Tax receivables51363528266767261201066062392346
Accounts receivable7,2446,0455,8844,0625,1985,1995,1994,3425,4022,9133,4143,2953,4543,1533,052
Contract assets 12,3169,9119,2529,90012,23410,46610,4668,0006,2227,5493,5053,0741,7242,6432,472
Other receivables2,1921,2321,1798997105075075225995537506538249361,158
Prepaid expenses and accrued income1,2831,1019539799699199199001,0359621,113854886829680
Short-term investments11,3409,98810,1408,1045,7949,0039,0034,4694,5422,9951,2702,0023,9634,5551,544
Liquid assets2,1292,8691,7012,2731,6872,4512,4512,2021,4028501,2841,7641,6161,9182,544
Total current assets54,99747,21241,53238,17438,53738,98438,98429,84727,27222,22917,68416,66317,44018,91116,701
Assets held for sale-291------------113
TOTAL ASSETS82,75972,36565,03960,56859,85856,12856,12844,99841,21135,08829,55627,78928,93831,79929,278
SHAREHOLDERS' EQUITY AND LIABILITIES
Shareholders' equity:
Parent Company's shareholders' interest32,03529,48622,97621,46620,53519,41219,41214,09713,15612,85111,29112,13611,16812,95011,274
Non-controlling interest327390273178274221221188145618291112119170
Total shareholders' equity32,36229,87623,24921,64420,80919,63319,63314,28513,30112,91211,37312,22711,28013,06911,444
Long-term liabilities:
Long-term lease liabilities 2,0782,2402,0612,0952,138----------
Long-term interest-bearing liabilities6,9156,7495,7525,2916,5138,1968,1966,2355,6244,8722,1051,0951051,2181,117
Other liabilities2109081100180190190210202136141179315439294
Provisions for pensions1,8721,3045,9186,4456,0145,1135,1133,4243,0692,3733,1491,6802,874125
Other provisions2,8882,5662,5292,1971,3441,0811,0811,0248111,0971,2341,0431,2861,7282,207
Deferred tax liabilities1,4321,140137564016162743034485011841,012803
Total long-term liabilities15,39514,08916,47816,18416,22914,59614,59611,1679,7368,5126,6774,4984,7644,4094,426
Current liabilities:
Short-term lease liabilities 597554482444434----------
Short-term interest-bearing liabilities4534451,4212,1681,3221,0681,068922928532647181,637520589
Contract liabilities16,55311,18910,6878,4098,8998,8908,8909,5127,8844,1342,8943,2743,5925,0614,526
Accounts payable6,0804,8703,5343,3023,2214,0774,0772,9582,8802,3401,8401,9181,9041,7851,799
Derivatives1,1111,6646159651,7061,2341,2341,0931,9551,6141,400316254628750
Tax liabilities235198179427114714712081374761228244265
Other liabilities1,0831,0979457781,193770770805695725978839760747819
Accrued expenses and deferred income8,0157,2166,3775,9395,2725,0975,0974,4833,9883,5133,5713,2793,9544,5903,868
Provisions8751,0351,072693702616616483399448512659565746792
Liabilities related to assets held for sale-132-------------
Total current liabilities35,00228,40025,31222,74022,82021,89921,89919,54618,17413,66411,50611,06412,89414,32113,408
Total liabilities50,39742,48941,79038,92439,04936,49536,49530,71327,91022,17618,18315,56217,65818,73017,834
Total shareholders' equity and liabilities82,75972,36565,03960,56859,85856,12856,12844,99841,21135,08829,55627,78928,93831,79929,278
MSEK20232022202120202019201820172016201520142013201220112010
Operating activities:
Income after financial items4,4182,8192,5771,1122,6071,7962,0991,6111,7311,5239792,0032,783776
Transferred to and establishment of pension fund-------------132-147
Adjustment for items not affecting cash flows2,9503,3193,5132,0332,1321,8081,4791,2266887231,2241,0821412,317
Divident from associated companies and joint ventures3644726320392616252----
Income tax paid-856-596-373-144-408-479-272-120-266-394-368-574-450-196
Cash flow from operating activities before changes in working capital6,5485,5865,7893,0644,3513,1643,3322,7332,1781,8541,8352,5112,3422,750
Cash flow from changes in working capital:
Contract assets and liabilities2,915-1532,9291,704-1,649-3,039-7185,092-2,800-868-1,564-6035121,222
Inventories-2,691-2,550-1,32095-1,141-1,057-972-1,329349-856-147-199-243586
Other current receivables-1,922-241-1,636805176-1,044925-2,540511-6433-178-27592
Other current liabilities2,0202,552401468-2181,965704521426-243-542-672438-366
Provisions-408-540-450-336-325-479-107-323-306-536-277-509-630-297
Cash flow from operating activities6,4624,6545,7135,8001,194-4903,1644,154358-713-6623502,3924,487
Investing activities:
Investments in intangible fixed assets-484-186-406-269-196-198-193-98-70-68-44-51-26-70
Capitalised development costs-547-500-891-1,353-1,392-1,140-871-784-524-171-24-292-15-47
Investments in tangible fixed assets-2,507-1,624-1,223-1,269-1,213-1,481-1,093-807-799-732-543-328-325-262
Investments in lease assets------------1-1-2
Sales and disposals of tangible fixed assets411726233223252771546102311
Sale of lease assets---------1058131230165
Investments in and sales of short-term investments-1,233-49-2,085-2,3123,219-4,55463-1,525-1,7227201,936585-2,967-993
Dividend from joint ventures----------430---
Investments in financial assets-1,268-240-125-97-171-48-30-169-368--238---6
Sale of financial assets-231,11035621042522640-26306
Investments in operations---21-4-15-170-49-221152-68-568-1,135-
Sale of subsidiaries-262-19169-33-77312299-1741,264161
Sale of operations and other operations38242------------
Cash flow from investing activities-5,915-2,438-4,703-4,002314-7,288-2,165-3,303-3,1593601,576-133-2,575-1,143
Financing activities:
Repayments of loans-1,075-1,386-2,538-3,077-990-967-1,301-582-1,865-468-1,100-19-50-1,950
Amortisation of lease liabilities-586-524-469-437-415---------
Raising of loans1,2501,3942,2482,72883,8201,7007324,7581,000845---
Rights issue----115,967--------
Repurchase of shares---246-242-301-203----252----80
Dividend paid to Parent Company's shareholders-703-647-622--601-588-559-530-501-479-477-474-367-237
Dividend paid to non-controlling interest-126-62-27-12-24-24-4-5-10-5-1---
Transactions with non-controlling interest104715-858-14-15------
Cash flow from financing activities-1,230-1,178-1,639-1,125-2,3047,991-164-3702,382-204-733-493-417-2,267
Cash flow for the year-6831,038-629673-796213835481-419-557181-276-6001,077
Liquid assets at beginning of year2,8691,7012,2731,6872,4512,2021,4028501,2841,7641,6161,9182,5441,463
Exchange rate difference in liquid assets-5713057-873236-3571-1577-33-26-264
Liquid assets at year-end2,1292,8691,7012,2731,6872,4512,2021,4028501,2841,7641,6161,9182,544