Russian Helicopters’ consolidated revenues in
2012 totaled RUB 125.7 billion, an increase of 21.0% compared to
RUB 103.9 billion in 2011.
The increase was driven primarily by growth of
10.7% in helicopter deliveries. Revenues from helicopter sales
amounted to RUB 99.0 billion in 2012, while revenues from services
and support reached RUB 18.4 billion.
The cost of sales increased by 26.3% compared to
2011 and amounted to RUB 79.9 billion in 2012, while operating expenses
increased by 18.2% year-on-year and totaled RUB 30.6 billion.
EBITDA rose 16.0% year-on-year and reached RUB
20.8 billion in 2012. EBITDA for the helicopter sales segment
amounted to RUB 15.4 billion, and EBITDA for our services and
support segment amounted to RUB 4.2 billion.
The company’s profit grew 35.2% year-on-year and
totaled RUB 9.4 billion for the year.
Cash CAPEX slightly decreased by 5.5% compared
to 2011 and amounted to RUB 13.0 billion in 2012, including
investments in production facilities of RUB 7.6 billion, a
decrease of 16.4% compared to 2011.
Russian Helicopters’ development costs increased
by 16.1% compared to 2011 and amounted to RUB 5.3 billion in 2012.
Dmitry Petrov, CEO of Russian Helicopters, said,
“Last year was another year of steady growth and successful
achievements for the company. We continued to increase deliveries
to our customers, which demonstrates the growing global demand for
our helicopters. In 2012 we delivered 290 helicopters of nine
different types to our clients from 19 countries – a 10.7%
increase compared to the previous year. We maintained our firm
backlog at a high level; at the end of the year the backlog stood
at 817 helicopters with a value in excess of RUB 350 billion.
During 2013 we will continue to focus our activities on key
strategic areas: we will continue to modernize and diversify our
model range, to develop our aftermarket service network and to
increase operational efficiency. We aim to further strengthen
ompany’s global market position, and ensure its further dynamic
growth and steady development.”
2012 Full Year Operating
Helicopter deliveries in 2012 increased to 290
units, 28 units or 10.7% up compared to 2011. The company
delivered nine types of helicopters to clients from 19 countries
The company’s firm backlog reached 817 units and
its value exceeded RUB 359.9 billion in 2012.
In 2012 the company signed several significant
contracts for the supply of helicopters in 2012-2016 with India,
China and Brazil.
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