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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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