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NPO Saturn tallied up its results demonstrated in the first semester of 2013

Site news 10.07.2013

July 10, 2013, Rybinsk. – The results of NPO Saturn’s operation in the first semester of 2013 are characterized by sustained and dynamic economic growth, the course the company chose to adhere as early as at the end of 2011.
The production volume in the 1 semester of 2013 reached 8 billion rubles which is more than twice the level demonstrated in the same period of last year. The product sales revenue equaled 7.9 billion rubles and grew in comparison with the level reached in the first semester of 2012 by 2.5.
Following the results of the first semester of 2013 NPO Saturn has earned a sales profit in the amount of 0.6 billion rubles vs. 0.8 rubles of losses in the previous year.
According to Alexey Sobolev, NPO Saturn deputy CEO – chief financial officer, “what we see is a result of well thought-out work aimed at expanding the portfolio of orders, developing our product line and creating new production capacity.
Improved performance has allowed us to continually increase the employees’ wages. For instance, over 6 months of 2013 the average monthly salary has reached 29 thousand rubles having demonstrated a 15% increase compared to the last year’s level.
The investments made in the 1st semester of 2013 equaled 1.5 billion rubles which by 53% exceeds the figure demonstrated in the same period of last year.
The established order portfolio allows to predict a further significant increase in the volumes of production and sales both in 2013 and in 2014-2015”.
 
Research and production association Saturn OJSC is an engine-building company specialized in design and development, production and after-market support of gas turbine engines for military and civil aviation, Navy boats and power-generating plants and gas-pumping units. NPO Saturn is part of United Engine Corporation.
Managing company United Engine Corporation OJSC is a subsidiary of UIC OBORONPROM OJSC. The UEC structure integrates over 85% of Russia’s leading companies specialized in design and development, serial production and after-market support of gas turbine machinery, as well as the key enterprises – the industry’s integral players. One of the UEC’s prioritized fields of activity is the implementation of comprehensive programs of development of the companies in the industry by introducing the world-class new technologies.
 
United Industrial Corporation OBORONPROM OJSC is a multi-field machine-building group created in 2002. It is part of Rostec. The main fields of activity – helicopter building (the Russian Helicopters holding), engine building (the UEC holding) and other assets.
ROSTEKHNOLOGII STATE CORPORATION (ROSTEC) is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and civil purposes. Today it comprises over 663 companies, which form 8 military-industrial and 5 civil industry holdings. Rostec’s subsidiaries are located in 60 regions of Russia and supply their products to over 70 countries worldwide. In 2012 revenues of the Corporation amounted to RUB 931 billion, net profits were RUB 38.5 billion and total taxation exceeded RUB 109 billion.
NPO Saturn press service:
Phone: +7 4855 296898,
e-mail: press@npo-saturn.ru,
www.npo-saturn.ru



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