Rybinsk NPO "Saturn" (part of United Engine Corporation) expects to receive in 2016, 1 billion rubles of net profit. According to forecasts for 2017, the net profit of the company will amount to at least 1.5 billion rubles.
Revenue NPO "Saturn" for 2015 reached 24 billion rubles. This result is due to the completion of the formation of a diversified portfolio, which includes both participation in the programs of the state defense order and import substitution and increased exports and supplies to the civilian sectors of the economy.
It is expected that in future revenue growth will be associated with the conclusion of the market promising new programs and products (co-operation with the enterprises of the DCS in the production of aircraft engines, international cooperation, marine gas turbine engines and aggregates).
"In 2016, NPO" Saturn "maintains upward trend in production and sales. According to our estimates, the volume of sales will be more than 30 billion rubles, "- said Deputy General Director - Managing Director of NPO" Saturn "Victor Polyakov.
According to him, the planned budget figures are performed in full, and for the year will be carried out in excess.
"The volume of sales in 2017 will amount to 31.5 billion rubles. Contract work carried out over the past year or two, makes it possible to talk about the security of orders the company until 2020 and the prospects for annual revenue growth of at least 10% ", - said Victor Polyakov.
Currently, 47% of the enterprise portfolio falls on public contracts, including the SDO, 34% - in the military-technical cooperation, the remaining 19% - on civil and energy programs.
"This balanced portfolio allows us to be more responsive to external conditions, offsetting market fluctuations", - said the managing director of NPO "Saturn".
He also explained that the achieved financial results are due to a significant amount of work to improve the efficiency of the enterprise carried out in recent years.
"As part of this work has been carried out a major reorganization of internal processes to optimize the economy and the technical characteristics of the product line: set up product lines, is the development of outsourcing production takes DSE within the centers of production of competences, introduction of program and project management and the principles of lean production", - added Victor Polyakov.
In all product programs "Saturn" projects are being implemented to reduce the cost and increase the marginal income, implemented energy efficiency program carried out the audit of non-core assets, conducted refinancing of the loan portfolio, and others.