Russian Helicopters 1H2011 revenue reached 42,4 Billion Rubles by IFRS accounts

Moscow/November, 10 2011 According to 1H2011 consolidated audited financial results Russian Helicopters revenue reached 42,4 billion Rubles. The Company first time publishing its half year financial audited IFRS results. Operational profit amounted to 17,3 billion Rubles. The net profit of the Company almost reached 2,8 billion Rubles. And the EBITDA equaled to 6,7 billion Rubles 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.
Russian Helicopters, JSC is the subsidiary of UIC Oboronprom, a part of Russian Technologies State Corporation. It controls the following helicopter industry enterprises: Mil Moscow Helicopter Plant, Kamov, Ulan-Ude Aviation Plant, Kazan Helicopters, Rostvertol, Progress Arsenyev Aviation Company named after N.I. Sazykin, Kumertau Aviation Production Enterprise, Stupino Machine Production Plant, Reductor-PM and Helicopter Service Company.

Partners of Russian Helicopters: AirTaxi Service (interior completions and maintenance); Tranzas (software, navigation systems, aviation simulators); CSTS Dinamika (technical training means for aviation flight and engineering personnel); BETA AIR (testing equipment and aviation electronics); Ural Works of Civil Aviation (repair of helicopter engines and components and reductors).
UIC Oboronprom, JSC is a multi-profile industrial and investment group established in 2002. A part of Russian Technologies State Corporation. Its main tasks include: helicopter engineering (Russian Helicopters, JSC) and engine-building (United Engine Industry Corporation managing company).

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