Saturn: the results of the first quarter 2012

April 23, 2012, Rybinsk. — JSC "NPO" Saturn "summed up the results of the first quarter of 2012. Managing Director of the Association Ilya Fedorov said that "at the appointed time" Saturn "has provided a stable and high-quality implementation of the economic performance of the company, which characterize the stability of its production system." The volume of sales made by 112.0%, the volume of production — by 118.8%.

In March 2012, for the first time in the history of the program have been collected 4 SaM146 engine, three of them were sent to the GSS. In the future, JSC "NPO" Saturn "is going to consolidate this success and continue to build mass production of engines in strict accordance with the needs of the customer. The company successfully developed state order for the Ministry of Defense.
In the first quarter of 2012, cash from operating activities also exceeded targets by obtaining advance receipts on the contract for the supply of engines foreign customer. As a result, JSC "NPO" Saturn "was achieved by reducing the loan portfolio of 0.9 billion rubles. relative to the level at the beginning of 2012.
Overall, in 2012 the activity of the company is directed, first of all, to carry out the necessary internal changes that can ensure systematic growth in output, which is scheduled at a rate of 131.7% as achieved in 2011.

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