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Homepage » News» 1 september 2014     

Russian Helicopters Posts 7% Growth in Revenues, 16% EBITDA Increase in 1H 2014
Russian Aviaton » Monday September 1, 2014 17:36 MSK

Russian Helicopters (“the Company”) - a subsidiary of Oboronprom, part of State Corporation Rostec - announces its non-audited consolidated financial results for the six months ended 30 June 2014 under IFRS.

  • Firm backlog totaled 794 helicopters as of 30 June 2014;
  • Revenue grew by 7.4% to RUB 69.2 billion;
  • EBITDA1 surged 16.1% to RUB 13.7 billion, representing an EBITDA margin of 19.8%;
  • Profit totaled RUB 4.4 billion, up 44.7% year-on-year.

RUB, million

1H2014

1H2013

Change, y-o-y (%)

Revenue

69,230

64,470

7.4%

EBITDA

13,686

11,791

16.1%

EBITDA margin

19.8%

18.3%

1.5 pp

Profit

4,411

3,049

44.7%

 

Financial Highlights

The Сompany’s consolidated revenues in 1H2014 totaled RUB 69.2 billion, an increase of 7.4% year-on-year. Revenues from helicopter sales amounted to RUB 58.7 billion, while revenues from services and support reached RUB 7.5 billion.

Cost of sales increased by 6.3% year-on-year and amounted to RUB 42.2 billion. Operating expenses increased by 6.4% year-on-year and totaled RUB 17.3 billion.

EBITDA surged 16.1% year-on-year and reached RUB 13.7 billion. The EBITDA margin was 19.8%.

Profit in 1H2014 totaled RUB 4.4 billion, up 44.7% year-on-year.

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