JSC “UAC” expects ebitda margin at the level 7-10% on results of the year 2013
04-Dec-2013 Joint Stock Company "United Aircraft Corporation" (MOEX: UNAC), Russian national aircraft manufacturer, announces guidance range for 12m2013 consolidated financial and operational results.
|
2012 |
Forecast for 2013 |
|
|---|---|---|
| Consolidated revenue in accordance with IFRS, bln RUB | 171 | from 190 to 198 |
| Consolidated gross profit in accordance with IFRS, bln RUB | 36 | from 46 to 50 |
| Gross margin | 21% | from 24% to 25% |
| Consolidated EBITDA, calculated on the base of IFRS figures, bln RUB | 4 | from 14 to 18 |
| EBITDA margin | 2% | from 7% to 9% |
| Consolidated net profit (loss) in accordance with IFRS, bln RUB | (6) | from (15) to (11) |
| Net profit (loss) margin | -4% | from -8% to -6% |
The Corporation expects consolidated revenue growth of at least 11% compared with 2012 due to the increase in production and delivery of its products.
JSC "UAC" plans to significantly improve EBITDA margin - up to 7-9 %. Such growth is based on, first of all, increase in production and on reduction of operating expenses per unit of output due to cost management activities of the Corporation.
Aircraft output is expected to increase by about 26% compared to the previous year - up to 118 units, which is a result of the gradual transition of JSC "UAC"'s enterprises to mass production in a number of programs, including the civil segment.
It should be noted that the amplitude of consolidated guidance range depends on the time of signing acceptance acts for produced aircraft with the clients and, accordingly, on recognition of income and expenses from such contracts in compliance with IFRS.