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PJSC “UEC-Saturn” is maintaining the trend of output and sales growth

Новости компании 14.02.2018

February 14, 2018, Rybinsk. – PJSC “UEC-Saturn” (a part of United Engine Corporation (JSC), a Rostec State Corporation company) has summed up the results of 2017 and identified the company’s key performance indicators for 2018.
According to Viktor Polyakov, Deputy General Director – UEC-Saturn Managing Director, “in 2017 UEC-Saturn maintained the trend of output and sales growth. Almost all the key budget targets of 2017 were achieved. In terms of economics the major task of 2017 - to fix the obtained results and to provide conditions for further growth of the output of new serial products – was fulfilled 100 %”.
The production turnout in 2017 reached 34.2 bln rubles. The gain as compared to the level of the previous year was 14.9 %. The sales proceeds in 2017 were at the level of 32.4 bln rubles, the proceeds level reached in 2016 with the US dollar’s fall against the ruble and with due account for a considerable share of exports was kept and equaled 100.4 %.

UEC-Saturn has a balanced backlog of orders. 36% of its composition is Russian domestic deliveries, 64% is export deliveries. The company keeps on developing, producing and maintaining a full range of equipment for commercial aircraft programs as well for marine gas turbine and power generation programs, which allows us to respond to external conditions in a more flexible way and to level market fluctuations.

The sales profit in 2017 amounted to 4.9 bln rubles, the net profit was 236 mln rubles.

According to the results of 2017 the revenue per employee was 2.6 mln rubles, which conforms to the obtained results of 2016 in spite of the pressure exerted by macroeconomic factors on the export component of sales and on job expansion caused by a considerable production increase in 2018 and 2019.

Alongside with the structural changes in proceeds and with the formation of a balanced backlog of orders the obtained financial performance is due to the significant amount of work aimed at enterprise efficiency improvement. Lately the company’s internal processes related to the optimization of its economics and the technical characteristics of its product line have undergone deep reorganization: there are some product divisions established, outsourcing is under development, parts and assembly units are manufactured within centres of industrial competence, program and project management as well as lean production principles is being implemented, the program of production and enterprise management systems digitization is under way. Programs of cost saving, marginal income rise and energy efficiency enhancement are in progress for all the products. In collaboration with our partner VTB Bank we go on reducing the cost of credit resources. In 2017, despite the need to considerably increase the working capital and to continue financing the investment program, the company maintained the trend of decreasing the credit portfolio amount and improving its quality.

In 2017 UEC-Saturn kept on making fixed capital investments, first of all investments in the creation of hi-tech production and testing facilities in order to implement programs and to perform tasks allotted by the government as well as to develop the manufacture of commercial products. The total of over 4.5 bld rubles was allocated by the company to this line of activity in 2017.

In 2018 UEC-Saturn’s production output in accordance with the validated plan is at the level of 38.5 bln rubles, the gain is 12.6 % as compared to 2017. The volume of sales will reach 37.3 bln rubles, the gain will be 15.3 % versus the prior period. The sales volume increase is caused by structural changes in the product range, by the work that is in progress and relates to the formation of a stable medium-term and long-term backlog of orders as well as by the introduction of new products to the market and by offering customers new technological capabilities of the company.

The financial performance indicators of 2018 are expected to be positive with growth to 30 % versus the indicators of 2017.

The 2018 year will be accompanied by an increase in production which is to reach 2.9 mln rubles by the end of the year.

Pursuant to the corporate policy UEC-Saturn is going to continue realizing its social programs in full; there is a plan of wage indexation; fixed capital expenditures will continue.

The overall volume of tax payments to budgets of all levels and of contributions to extrabudgetary funds will be over 3 bln rubles.

PJSC "UEC-Saturn" is an engine-manufacturing company specialized in the design and development, production and after-market support of gas turbine engines for military and commercial aviation, power generation and gas compression as well as for ships and vessels. UEC-Saturn is part of United Engine Corporation and the leader of the Commercial Engines Division, a business unit of UEC.
UEC-Saturn is a member of Russia’s Mechanical Engineers Union, an All-Russian industrial association of employers. The Yaroslavl regional division of the All-Russian public organization “Russia’s Mechanical Engineers Union” is headed by Viktor A. Polyakov, Managing Director of PJSC “UEC-Saturn”.

United Engine Corporation (JSC) (a Rostec State Corporation company) is an integrated organization specialized in the design and development, serial production and after-market support of engines for military and commercial aviation, space programs, the Navy as well as for the oil and gas industry and power generation. One of UEC’s prioritized fields of activity is the implementation of comprehensive programs of development of the industry’s companies by introducing new technologies meeting the world-class standards.

Rostec State Corporation is a Russian corporation established in 2007 in order to facilitate the development, manufacturing and export of high-technology industrial products of military and commercial application. The corporation comprises 700 companies, which form 11 defense-industrial and 3 civil industry holdings as well as 80 direct control companies. The Rostec portfolio spans such renowned brands as AVTOVAZ, KAMAZ, Kalashnikov Concern, Russian Helicopters, VSMPO-AVISMA, Uralvagonzavod and others. Rostec’s subsidiaries are located in 60 regions of Russia and deliver their products to over 70 countries worldwide.  Rostec's consolidated revenue in 2016 reached 1 trillion 266 billion rubles, the consolidated net profit — 88 bln rubles, and EBITDA — 268 bln rubles. The average salary of the Corporation in 2016 amounted to 44 000 rubles. Following Rostec's new strategy, the major objective of the Corporation is to ensure the technological advantage of Russia on competitive world markets. The introduction of a new technological structure and digitalization of Russian economy are among Rostec’s key tasks.

Press service of PJSC “UEC-Saturn”: 
Tel: (4855) – 296 -898,  
e-mail: press@uec-saturn.ru


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