Saab restated financial information
Effects related to the new organizational structure
Changed organizational structure to drive profitable growth
Organisational changes
- Six business areas became four; S&S and IPS merged into remaining BA structure
- Combitech operating in a BA independent role
- New group function for Operational Excellence created
Objectives and rational
- Clearer connection between Businesses and Saab's defined core areas
- Enhanced product life cycle, P&L responsibility, increased focus on support and recurring business for product owners
- Simplified customer interface and eliminated internal interfaces
- Improved efficiency for gross margin expansion and reduced operating expenses
- Operational Excellence to develop and support organization in all aspects of efficiency
Pro forma figures
- Restated financial figures representing the new organisation is attached for the period 2019-Q2 2021
- Saab Kockums not affected by the structural changes
- Combitech figures impacted by adding operational units and staff
2
New BA and BU structure as of July 1, 2021
Aeronautics | Dynamics | Kockums | Surveillance | Combitech* | |||||||||
Gripen C/D | Aerospace | Missile Systems | Barracuda | Submarines | Radar Solutions | Electronic Warfare | |||||||||||
Systems | & Aircraft Systems | ||||||||||||||||
Ground Combat | Training and | Surface Ships | Cyber Security | Traffic | |||||||||||||
Gripen E/F | Gripen Support | ||||||||||||||||
Simulation | Management | ||||||||||||||||
Aviation Services | Underwater | Tactical | Docksta | Combat | |||||||||||||
Systems | Support Solutions | Systems | |||||||||||||||
3 *Combitech will become a stand alone entity within Saab for greater independence and is not part of the new business area structure
Quarterly restatement effects for key financial figures
Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | FY 2020 | FY 2019 | |||||||||||||||||
Old | Adj. | Res. | Old | Adj. | Res. | Old | Adj. | Res. | Old | Adj. | Res. | Old | Adj. | Res. | Old | Adj. | Res. | Old | Adj. | Res. | Old | Adj. | Res. | |
Order bookings | ||||||||||||||||||||||||
Aeronautics | 1 196 | 1 126 | 2 322 | 868 | 1 173 | 2 041 | 785 | 1 200 | 1 985 | 167 | 734 | 901 | 702 | 1 816 | 2 518 | 371 | 232 | 603 | 2 025 | 3 981 | 6 006 | 2 979 | 2 690 | 5 669 |
Dynamics | 3 489 | -83 | 3 406 | 1 079 | 262 | 1 341 | 1 776 | 54 | 1 830 | 3 508 | 2 303 | 5 811 | 2 663 | 43 | 2 706 | 1 284 | 396 | 1 680 | 9 231 | 2 797 | 12 028 | 6 706 | 626 | 7 332 |
Surveillance | 2 530 | 689 | 3 219 | 1 320 | 384 | 1 704 | 9 247 | 3 856 | 13 103 | 1 288 | 1 835 | 3 123 | 2 300 | 1 032 | 3 332 | 1 093 | 514 | 1 607 | 13 928 | 7 238 | 21 166 | 9 390 | 3 004 | 12 394 |
S&S | 1 276 | -1 276 | 0 | 1 574 | -1 574 | 0 | 4 412 | -4 412 | 0 | 4 504 | -4 504 | 0 | 2 152 | -2 152 | 0 | 877 | -877 | 0 | 11 945 | -11 945 | 0 | 4 099 | -4 099 | 0 |
IPS | 1 420 | -1 420 | 0 | 1 141 | -1 141 | 0 | 1 856 | -1 856 | 0 | 921 | -921 | 0 | 1 638 | -1 638 | 0 | 1 196 | -1 196 | 0 | 5 611 | -5 611 | 0 | 5 515 | -5 515 | 0 |
Kockums | 436 | 0 | 436 | 452 | 0 | 452 | 863 | 0 | 863 | 198 | 0 | 198 | 250 | 0 | 250 | 490 | 0 | 490 | 1 801 | 0 | 1 801 | 1 216 | 0 | 1 216 |
Combitech | 0 | 978 | 978 | 0 | 844 | 844 | 0 | 1 130 | 1 130 | 0 | 555 | 555 | 0 | 986 | 986 | 0 | 748 | 748 | 0 | 3 419 | 3 419 | 0 | 2 896 | 2 896 |
Corporate/Eliminations | -472 | -14 | -486 | -563 | 52 | -511 | -833 | 28 | -805 | -434 | -2 | -436 | -458 | -87 | -545 | -488 | 183 | -305 | -2 213 | 121 | -2 092 | -2 689 | 398 | -2 291 |
Saab Group | 9 875 | 0 | 9 875 | 5 871 | 0 | 5 871 | 18 106 | 0 | 18 106 | 10 152 | 0 | 10 152 | 9 247 | 0 | 9 247 | 4 823 | 0 | 4 823 | 42 328 | 0 | 42 328 | 27 216 | 0 | 27 216 |
Sales | ||||||||||||||||||||||||
Aeronautics | 2 210 | 834 | 3 044 | 2 293 | 810 | 3 103 | 2 594 | 983 | 3 577 | 688 | 1 082 | 1 770 | 2 054 | 883 | 2 937 | 1 971 | 1 085 | 3 056 | 7 307 | 4 033 | 11 340 | 8 218 | 4 338 | 12 556 |
Dynamics | 2 647 | 142 | 2 789 | 1 498 | 157 | 1 655 | 2 695 | 229 | 2 924 | 1 356 | 124 | 1 480 | 1 744 | 138 | 1 882 | 1 118 | 204 | 1 322 | 6 913 | 695 | 7 608 | 6 140 | 755 | 6 895 |
Surveillance | 2 164 | 817 | 2 981 | 2 385 | 889 | 3 274 | 2 540 | 1 898 | 4 438 | 1 555 | 855 | 2 410 | 2 065 | 853 | 2 918 | 1 728 | 830 | 2 558 | 7 888 | 4 436 | 12 324 | 7 699 | 4 265 | 11 964 |
S&S | 1 236 | -1 236 | 0 | 1 457 | -1 457 | 0 | 2 569 | -2 569 | 0 | 1 289 | -1 289 | 0 | 1 353 | -1 353 | 0 | 1 310 | -1 310 | 0 | 6 521 | -6 521 | 0 | 5 821 | -5 821 | 0 |
IPS | 1 477 | -1 477 | 0 | 1 302 | -1 302 | 0 | 1 475 | -1 475 | 0 | 1 400 | -1 400 | 0 | 1 372 | -1 372 | 0 | 1 599 | -1 599 | 0 | 5 846 | -5 846 | 0 | 6 556 | -6 556 | 0 |
Kockums | 899 | 0 | 899 | 654 | 0 | 654 | 876 | 0 | 876 | 589 | 0 | 589 | 756 | 0 | 756 | 806 | 0 | 806 | 3 027 | 0 | 3 027 | 3 007 | 0 | 3 007 |
Combitech | 0 | 883 | 883 | 0 | 793 | 793 | 0 | 865 | 865 | 0 | 621 | 621 | 0 | 797 | 797 | 0 | 755 | 755 | 0 | 3 038 | 3 038 | 0 | 3 016 | 3 016 |
Corporate/Eliminations | -502 | 37 | -465 | -501 | 110 | -391 | -258 | 69 | -189 | -813 | 7 | -806 | -508 | 54 | -454 | -492 | 35 | -457 | -2 071 | 165 | -1 906 | -2 008 | 3 | -2 005 |
Saab Group | 10 131 | 0 | 10 131 | 9 088 | 0 | 9 088 | 12 491 | 0 | 12 491 | 6 064 | 0 | 6 064 | 8 836 | 0 | 8 836 | 8 040 | 0 | 8 040 | 35 431 | 0 | 35 431 | 35 433 | 0 | 35 433 |
EBIT | ||||||||||||||||||||||||
Aeronautics | 149 | 70 | 219 | 158 | 55 | 213 | 121 | -436 | -315 | -951 | -19 | -970 | 172 | -18 | 154 | 158 | 98 | 256 | -500 | -375 | -875 | 677 | 365 | 1 042 |
Dynamics | 371 | 9 | 380 | 153 | 8 | 161 | 393 | 38 | 431 | 107 | 5 | 112 | 242 | 17 | 259 | 87 | 22 | 109 | 829 | 83 | 912 | 716 | 57 | 773 |
Surveillance | 165 | -27 | 138 | 223 | -51 | 172 | 33 | 279 | 312 | 91 | 74 | 165 | 160 | -14 | 146 | 221 | -23 | 198 | 505 | 316 | 821 | 853 | 449 | 1 302 |
S&S | 117 | -117 | 0 | 153 | -153 | 0 | 323 | -323 | 0 | 93 | -93 | 0 | 164 | -164 | 0 | 131 | -131 | 0 | 711 | -711 | 0 | 742 | -742 | 0 |
IPS | 23 | -23 | 0 | 27 | -27 | 0 | -340 | 340 | 0 | -4 | 4 | 0 | -81 | 81 | 0 | 27 | -27 | 0 | -398 | 398 | 0 | 238 | -238 | 0 |
Kockums | 32 | 0 | 32 | 27 | 0 | 27 | 46 | 0 | 46 | 22 | 0 | 22 | 25 | 0 | 25 | 26 | 0 | 26 | 119 | 0 | 119 | 88 | 0 | 88 |
Combitech | 0 | 84 | 84 | 0 | 81 | 81 | 0 | 112 | 112 | 0 | 25 | 25 | 0 | 79 | 79 | 0 | 57 | 57 | 0 | 273 | 273 | 0 | 233 | 233 |
Corporate/Eliminations | -142 | 4 | -138 | -144 | 87 | -57 | 190 | -10 | 180 | -21 | 4 | -17 | -30 | 19 | -11 | -90 | 4 | -86 | 49 | 16 | 65 | -377 | -124 | -501 |
Saab Group | 715 | 0 | 715 | 597 | 0 | 597 | 766 | 0 | 766 | -663 | 0 | -663 | 652 | 0 | 652 | 560 | 0 | 560 | 1 315 | 0 | 1 315 | 2 937 | 0 | 2 937 |
EBIT % | ||||||||||||||||||||||||
Aeronautics | 6,7 | 0,5 | 7,2 | 6,9 | 0,0 | 6,9 | 4,7 | -13,5 | -8,8 | 0,0 | 0,0 | 0,0 | 8,4 | -3,2 | 5,2 | 8,0 | 0,4 | 8,4 | -6,8 | -0,9 | -7,7 | 8,2 | 0,1 | 8,3 |
Dynamics | 14,0 | -0,4 | 13,6 | 10,2 | -0,5 | 9,7 | 14,6 | 0,1 | 14,7 | 7,9 | -0,3 | 7,6 | 13,9 | -0,1 | 13,8 | 7,8 | 0,4 | 8,2 | 12,0 | 0,0 | 12,0 | 11,7 | -0,5 | 11,2 |
Surveillance | 7,6 | -3,0 | 4,6 | 9,4 | -4,1 | 5,3 | 1,3 | 5,7 | 7,0 | 5,9 | 0,9 | 6,8 | 7,7 | -2,7 | 5,0 | 12,8 | -5,1 | 7,7 | 6,4 | 0,3 | 6,7 | 11,1 | -0,2 | 10,9 |
S&S | 9,5 | -9,5 | 0,0 | 10,5 | -10,5 | 0,0 | 12,6 | -12,6 | 0,0 | 7,2 | -7,2 | 0,0 | 12,1 | -12,1 | 0,0 | 10,0 | -10,0 | 0,0 | 10,9 | -10,9 | 0,0 | 12,8 | -12,8 | 0,0 |
IPS | 1,6 | -1,6 | 0,0 | 2,1 | -2,1 | 0,0 | -23,1 | 23,1 | 0,0 | -0,3 | 0,3 | 0,0 | -5,9 | 5,9 | 0,0 | 1,7 | -1,7 | 0,0 | -6,8 | 6,8 | 0,0 | 3,6 | -3,6 | 0,0 |
Kockums | 3,6 | 0,0 | 3,6 | 4,1 | 0,0 | 4,1 | 5,3 | 0,0 | 5,3 | 3,7 | 0,0 | 3,7 | 3,3 | 0,0 | 3,3 | 3,2 | 0,0 | 3,2 | 3,9 | 0,0 | 3,9 | 2,9 | 0,0 | 2,9 |
Combitech | 0,0 | 9,5 | 9,5 | 0,0 | 10,2 | 10,2 | 0,0 | 12,9 | 12,9 | 0,0 | 4,0 | 4,0 | 0,0 | 9,9 | 9,9 | 0,0 | 7,5 | 7,5 | 0,0 | 9,0 | 9,0 | 0,0 | 7,7 | 7,7 |
Saab Group | 7,1 | 0,0 | 7,1 | 6,6 | 0,0 | 6,6 | 6,1 | 0,0 | 6,1 | -10,9 | 0,0 | -10,9 | 7,4 | 0,0 | 7,4 | 7,0 | 0,0 | 7,0 | 3,7 | 0,0 | 3,7 | 8,3 | 0,0 | 8,3 |
Op. Cash flow | ||||||||||||||||||||||||
Aeronautics | 620 | 80 | 700 | -1 253 | 468 | -785 | -275 | 65 | -210 | -887 | 432 | -455 | -297 | 744 | 447 | -767 | -92 | -859 | -2 226 | 1 149 | -1 077 | -1 591 | 328 | -1 263 |
Dynamics | 286 | -30 | 256 | -526 | -6 | -532 | 1 001 | 129 | 1 130 | 283 | 26 | 309 | -180 | 43 | -137 | -553 | 62 | -491 | 551 | 260 | 811 | 158 | 146 | 304 |
Surveillance | 940 | 1 385 | 2 325 | 1 381 | 345 | 1 726 | 979 | 700 | 1 679 | -133 | -137 | -270 | 936 | 676 | 1 612 | -501 | -374 | -875 | 1 281 | 865 | 2 146 | 1 156 | -971 | 185 |
S&S | 1 612 | -1 612 | 0 | 445 | -445 | 0 | 864 | -864 | 0 | -168 | 168 | 0 | 1 417 | -1 417 | 0 | -257 | 257 | 0 | 1 856 | -1 856 | 0 | 11 | -11 | 0 |
IPS | -22 | 22 | 0 | 451 | -451 | 0 | 11 | -11 | 0 | 508 | -508 | 0 | 443 | -443 | 0 | 66 | -66 | 0 | 1 028 | -1 028 | 0 | -302 | 302 | 0 |
Kockums | 1 | 0 | 1 | -115 | 0 | -115 | 686 | 0 | 686 | 91 | 0 | 91 | 172 | 0 | 172 | 34 | 0 | 34 | 983 | 0 | 983 | -70 | 0 | -70 |
Combitech | 0 | 165 | 165 | 0 | 89 | 89 | 0 | -37 | -37 | 0 | -5 | -5 | 0 | 396 | 396 | 0 | 214 | 214 | 0 | 567 | 567 | 0 | 210 | 210 |
Corporate/Eliminations | -285 | -10 | -295 | -543 | 0 | -543 | -365 | 18 | -347 | -57 | 24 | -33 | -674 | 1 | -673 | 396 | -1 | 395 | -700 | 43 | -657 | -662 | -4 | -666 |
Saab Group | 3 152 | 0 | 3 152 | -160 | 0 | -160 | 2 901 | 0 | 2 901 | -363 | 0 | -363 | 1 817 | 0 | 1 817 | -1 582 | 0 | -1 582 | 2 773 | 0 | 2 773 | -1 300 | 0 | -1 300 |
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Saab AB published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 09:21:07 UTC.