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.