Site news 11.03.2019
March 11, 2019, Rybinsk. – PJSC “UEC-Saturn” (a part of United Engine Corporation, a Rostec State Corporation company) has summed up the results of 2018 and identified the company’s key objectives for 2019.
The enterprise’s overall production output reached 42.1 bln rubles in 2018. The gain is 23.2 % as compared to the level of the previous year. The sales in 2018 amounted to 40.7 bln rubles, providing for 24.7 % growth versus the level of 2017.
According to Viktor Polyakov, Deputy General Director – UEC-Saturn Managing Director, "in 2018, the year of the 10th anniversary of UEC-Saturn joining United Engine Corporation, our enterprise exceeded all the budget targets and set conditions for its further growth. Our goal for 2019 is to approach the level of 50 bln rubles."
The key corporate event of 2018 was the consolidation of JSC "Omsk Engine Design Office" with PJSC "UEC-Saturn". The branch of PJSC "UEC-Saturn" - ОМКB, a new structural unit of the enterprise, appeared as a result of the merger.
As was noted by Alexey Sobolev, UEC-Saturn Deputy Managing Director - Chief Financial Officer, "systematic work aimed at diversifying the stock of orders together with the practice related to optimization and improvement of the company's main processes enabled the enterprise to respond to the external conditions in a more flexible way and to level market fluctuations. 2018 is the year of considerable improvement of the company's financial performance: the sales profit amounted to 8.8 bln rubles; the net profit was 3.1 bln rubles. The volume of taxes and duties paid by UEC-Saturn to budgets of all levels and to extrabudgetary funds in 2018 was 4 404 mln rubles, an increase of more than 50% versus 2017. The stock of orders for the future is balanced, it is composed of orders in the interests of the state, a wide range of export deliveries, products in the interests of Russian customers for civil aircraft and power generation programs. This allows us to look ahead with confidence."
According to the results of 2018, the revenue per employee is more than 3 mln rubles, up 16.9 % from the level of 2017. Herewith, the rate of production growth is much higher than the personnel growth. The average salary of the employers in 2018 reached 40.3 thousand rubles; up 8% from a year earlier.
In 2018, PJSC "UEC-Saturn" continued its fixed capital investments, first of all investments in the creation of hi-tech production and testing facilities in order to implement the key state and export-oriented programs. The total of over 5.6 bld rubles was allocated by the company to this line of activity in 2018.
The main objective for 2019 is continued growth in production volume and sales, retention of the stable level of profitability, as well as continued investments to the amount of 6 bln rubles in the company's key projects: PD-14, SaM146, repair of foreign marine GTE, import substitution programs, increase of production and sales in the interests of foreign customers of civil products. 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. PJSC 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, PJSC UEC-Saturn's Managing Director. 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 4 civil industry holdings as well as 80 direct control companies. Rostec’s subsidiaries are located in 60 regions of Russia and deliver their products to over 100 countries worldwide.The Rostec portfolio spans such renowned brands as AVTOVAZ, KAMAZ, Kalashnikov Concern, Russian Helicopters, VSMPO-AVISMA, Uralvagonzavod and others. Rostec' s consolidated revenue reached 1 trillion rubles in 2017. Rostec's consolidated net revenue reached 121 billion rubles, and EBITDA reached 305 billion rubles. The corporation's average salary in 2017 amounted 46 800 rubles. Following Rostec's strategy, the major objective of the Corporation is to ensure the technological advantage of Russia at the competitive world markets. The implementation of a new technological wave and digitalization of Russian economics are among Rostec's tasks.
PJSC UEC-Saturn's press service
Phone: +7 4855 296898
E-mail: firstname.lastname@example.org ,