Russian Helicopters announced 7% revenue growth in 1H 2014

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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;

EBITDA also grew 16.1% to Rb13.6 billion during the six months ended 30 June, with profit at Rb4.4 billion – a 44.7% rise against the first half of 2013.

Revenue from helicopter sales stood at Rb58.7 billion and support services generated some Rb7.5 billion.

The airframer’s backlog consists of 794 helicopters, with a total value of around Rb401 billion.

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