Russian Helicopters reports first-half figures

Russian Helicopters reports first-half figures

11-Nov-2011 Source: Russian Helicopters

According to 1H2011 consolidated audited financial results Russian Helicopters’ revenue reached 42,4 billion Rubles [$1.39B at today’s prices]. The Company first time publishing its half year financial audited IFRS results. Operational profit amounted to 17,3 billion Rubles [$567M]. The net profit of the Company almost reached 2,8 billion Rubles [$92M]. And the EBITDA equaled to 6,7 billion Rubles [$220M] with EBITDA margin indicator at the level of 16%.

“Our business is very well-planned in terms of production and precise execution both Russian and foreign contracts. The current orders backlog consists of 993 helicopters. Formed by the signed contracts, this unprecedented number was realized owing to our joint projects with our existing and new business partners on global helicopter market”, – commented the CEO of Russian Helicopters Dmitry Petrov.

Russian Helicopters growing year on year in terms of production. By the end of 2010 were produced 214 helicopters. Our forecast on the year end of 2011 is more than 260 helicopters in all types and purposes.

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