Financial Highlights 2010
• Full-year sales of € 819 million, Q4 sales of € 301 million
• EBIT (Operating Income) of € (loss of 140) million in 2010
• Gain from bargain purchase of € 78 million resulting from acquisition Saab Automobile AB (‘Saab Automobile’) and Saab Great Britain Ltd Result from discontinued operations of € (loss of 60) million includes the losses of the Spyker Automotive business and the effects of the planned sale to CPP Global Holding Ltd
• Cash generated from operations amounts to € (loss of 115) million for 2010
Corporate and Operational Highlights 2010
• Sales continue to build momentum in several major markets (Sweden, US, UK) as independent Saab distribution network was re-established
• 31,696 cars sold (wholesale 2) in 2010 compared to 27,482 in 2009, an increase of 15%
• 11,448 cars sold (wholesale 2) in Q4 2010, up 129% compared to Q4 2009 and up 31% compared to Q3 2010
• 32,048 cars produced in 2010, compared to 20,905 in 2009, an increase of 53%
• Restart of production in Trollhättan with over 800 suppliers after seven weeks of total stand-still
• Production of 9-3 Convertible and 9-5 Sedan relocated to Trollhättan
• Concentration of all operational activities in Trollhättan, enabling more efficient operations and reduced costs
• Wholesale and retail financing agreements secured with major global financial players such as Banco Cetelem, Santander Consumer Bank and GMAC
• Key management appointments in several areas
• Successful global launch of the new Saab 9-5, with positive response from media and consumers alike Successful unveiling of the Saab 9-4X, Saab Automobile’s first ever cross-over vehicle-with equally positive response
• Introduction of new diesel engines program delivering class-leading low CO2 values for the 9-3 range
• Agreement with BMW for supply of gasoline engines for new 9-3, to be launched in Q4 2012
• Launch of partnership with American Axle Manufacturing (AAM) for development and marketing of Saab- developed electric all-wheel drive system
• Launch of the e-Power electric vehicle program in cooperation with external partners
• Establishment of a global, Saab-controlled sales network covering 51 countries and the launch of Direct Dealer concept for 9 European countries
• Sales network continued to expand with new importers in Portugal and Japan, re-establishing sales network in Canada and Australia and principle import agreement for the Chinese market.
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