Saab’s financial objectives

Growth

• Saab’s organic growth shall average 5 percent per year over a business cycle.
• In 2009, organic growth was 4 percent (6).

Operating margin

• Saab’s operating margin after depreciation/amortization shall amount to at least 10 percent and the operating margin before depreciation/amortization shall be at least 15 percent.
• In 2009, the operating margin after depreciation/amortization was 5.6 percent (0.7). The operating margin before depreciation/amortization was10.5 percent (6.4).

Return on equity

• Saab’s return on equity shall average 15 percent.
• In 2009, Saab reported a return on equity of 7.0 percent (-2.4).

Equity/assets ratio

• Saab’s equity/assets ratio shall exceed 30 percent.
• At the end of 2009, the equity/assets ratio was 35.1 percent (28.4).

Dividend policy

• Saab’s long-term dividend objective is to distribute 20–40 percent of net over a business cycle to shareholders.
• For 2009, the Board of Directors proposes a dividend of SEK 2.25 per share (1.75).