Saab’s financial objectives

Growth

• Saab’s organic growth will average 5 percent per year over a business cycle.
• In 2007, organic growth was 4 percent (3), while total growth was 9 percent (9).

Operating margin

• Saab’s operating margin after depreciation/amortization will be at least 10 percent over a business cycle. Accordingly, the operating margin before depreciation/amortization will be at least 15 percent. 
• In 2007, the operating margin after depreciation/amortization amounted to 11.3 percent (8.3). The operating margin before depreciation/amortization was 16.0 percent (12.0).

Return on equity

• Saab’s return on equity should average 15 percent based on vurrent interest rates. 
• In 2007, the return on equity amounted to 18.5 percent (13.8).

Equity/assets ratio

• Saab’s equity/assets ratio will exceed 30 percent. 
• At the end of 2007, the equity/assets ratio was 32.6 percent (30.6).

Dividend policy

• Saab’s long-term dividend should correspond to 20–40 percent of income after tax over a business cycle.
• For 2007, the Board of Directors proposes a dividend of SEK 4.50 per share (4.25), which corresponds to 26 percent of net income.