Russian Helicopters, JSC, a leading global designer and manufacturer of helicopters, and producer of some of the world’s most iconic, innovative and widely operated models, announced its consolidated operating and audited financial results for the year ended December 31, 2011.

According to a release, helicopter deliveries increased by 22.4 per cent and reached 262 units; firm backlog doubled and totalled 859 helicopters as of December 31, 2011; revenue grew by 27.8 per cent to RUB 103.9 billion; EBITDA surged 31.7 per cent to RUB 18.0 billion, representing a solid EBITDA margin of 17.3 per cent; profit was up 12.7 per cent and totalled RUB 7.0 billion.

Dmitry Petrov, CEO of Russian Helicopters, commented: “I am delighted to report such strong results for 2011 – a clear demonstration of our ability to achieve our targets and to deliver on our commitments to our stakeholders.

“The company maintains solid growth momentum and continues to develop. During the year, we consolidated our position as one of the leading players in the global helicopter industry. We increased deliveries by 22.4 per cent to 262 helicopters to our customers from 19 countries, which allowed us to achieve a market share of 14 per cent of the world’s helicopter market in money terms. Moreover, we succeeded in doubling company’s firm backlog, which reached 859 helicopters with a value in excess of RUB 330 billion by year-end.

“Our strategic goal is to continue strengthening the company’s global market position by increasing our competitiveness and operational efficiency, and to continue building shareholder value. In 2012, we intend to build a strong platform for future growth through our intensive research and development programme. We will also continue to modernise our production facilities, to develop our aftermarket service network and to streamline management structures.”