Russian Helicopters Discloses 2013 Performance
Russian Helicopters has disclosed numbers on its financial and commercial performance last year. Revenue grew by 10 percent, to RUB138.3 billion ($3.9 billion), while earnings (Ebitda) rose 27 percent to RUB26.3 billion ($737 million), representing a margin of 19 percent. Deliveries, however, declined slightly, at 275 aircraft. CEO Alexander Mikheev attributed the negative change to rescheduling of deliveries. The backlog, as of December 31, totaled 808 helicopters, a 5.5-percent decrease.