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Russian Helicopters Announces 7% Growth in Revenues, 29% EBITDA Increase

Written by thomas · Filed Under Aeronautics News 

September 12, 2013

thomas

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Moscow, Russia / 12 September 2013 – Russian Helicopters (“the Company”) – a subsidiary of Oboronprom, part of State Corporation Rostec – announces its consolidated financial results for the first half of 2013 under IFRS.

·          Firm backlog totaled 870 helicopters as of June 30, 2013;

·          Revenue grew by 6.9% to RUB 64.5 billion;

·          EBITDA[1] surged 29.3% to RUB 11.8 billion, representing an EBITDA margin of 18.3%;

·          Profit totaled RUB 3.0 billion.

 RUB, million

1H2013

1H2012

Change, y-o-y (%)
 

Revenue

64,470

60,292

6.9%
EBITDA

11,791

9,120

29.3%
EBITDA margin

18.3%

15.1%

3.2 pp
Profit

3,049

3,056

-0.2%

Financial Highlights

The Сompany’s consolidated revenues in 1H2013 totaled RUB 64.5 billion, an increase of 6.9% year-on-year. Revenues from helicopter sales amounted to RUB 54.4 billion, while revenues from services and support reached RUB 6.9 billion.

Cost of sales increased by 5.9% year-on-year and amounted to RUB 38.4 billion. Operating expenses decreased by 0.7% year-on-year and totaled RUB 17.5 billion.

EBITDA surged 29.3% year-on-year and reached RUB 11.8 billion. The EBITDA margin was 18.3%.

Profit in 1H2013 totaled RUB 3.0 billion.

Backlog

The Сompany’s order book reached 870 helicopters, with a total value of about RUB 384 billion.

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