Saab Q4 2021 Presentation
11 February 2022
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.