Eurocopter Says It Is Targeting Future growth
Sees Record Turnover, Boost In Order Intake In 2012
Eurocopter reports that it delivered another very strong performance in 2012, with an all-time record turnover of 6.3 billion euros ($8.39 billion). The company's second high record in bookings value marks a return to pre-crisis levels. Eurocopter says it is now in a strong position to benefit from its broad helicopter portfolio evolution, along with the expansion in services and a growing global footprint.
A strong growth in services and the 475 rotorcraft delivered last year generated a new turnover high, which is 15 percent more than in 2011. With a cumulated average growth rate of nine percent since 2006, Eurocopter is delivering one of the most impressive success stories in the European industry. Milestones in 2012 included deliveries of the first enhanced AS350 B3e version and the initial latest-generation EC130 T2 (pictured) helicopter ... both members of Eurocopter's popular Ecureuil family ... along with the 500th EC145 delivery. Eurocopter also provided the first A350 jetliner passenger door set, underscoring its innovative composite technology production capabilities.
Eurocopter's consolidated order intake in 2012 totaled 469 net bookings, representing a value of 5.4 billion euros and marking the company's third consecutive yearly increase since 2010. Sales were paced by the Ecureuil/Fennec/EC130 family with 249 bookings and the EC135/EC145 families with 144 bookings; while the Super Puma family remained strong last year, backed by significant bookings from the oil and gas sector, including a framework contract for 16 EC225s with the Milestone Aviation Group leasing company, and a first contract for the new AS332C1e, placed by Starlite Aviation.
"Eurocopter took new steps during 2012 as we transitioned from being a helicopter manufacturer to becoming a true vertical-lift mission solutions provider, supported by the modernization of our product line while also providing a more comprehensive services offer and growing the global footprint," said President & CEO Lutz Bertling. "A key contributor to our 2012 achievements was the dedication of Eurocopter employees - who are a determining factor in the company's success."
Helicopter deliveries represented 49 percent of Eurocopter's 2012 consolidated turnover, while services continued to play an increasing role by accounting for 42 percent of the total. Other activities represented the remaining nine percent. The company's services activity now accounts for 47 percent of the total bookings, thus paving the way for future growth of this business.
Product line evolution was at the heart of Eurocopter's achievements in 2012, including the enhanced EC130 T2 and EC145 T2 (pictured) helicopters' highly successful commercial launch, the go-ahead and first order for the new Super Puma AS332 C1e; maiden flight of the no. 1 production EC175 that demonstrated its unrivalled performance; and a highly successful U.S. tour for the hybrid X3 demonstrator aircraft.
In the military sector, 2012 highlights involved Eurocopter's delivery of the initial NH90 TTH Tactical Transport Helicopter qualified in the Final Operational Configuration, received by the French and Belgian Armies; and the first final-configuration "Step B" version of the NH90 NFH NATO Fregat Helicopter, delivered to the Netherlands and the French Navy. Four German Army Tiger support helicopters were deployed to Afghanistan in the ASGARD (Afghanistan Stabilization German Army Rapid Deployment) version, and Germany received an on-time delivery of the NH90 TTH in its medical evacuation configuration for deployment in Afghanistan in 2013; while five Italian Army Aviation NH90 TTHs were positioned in Afghanistan during 2012.
Eurocopter's focus in the coming year will be on program execution, with the company mastering its continued production ramp-up as deliveries are to increase by more than 15 percent in 2013. Goals include sustaining the delivery pace for Super Puma, Ecureuil, NH90 and Tiger helicopters, as well as preparing the EC175's ramp-up. As optimization is a priority for Eurocopter in 2013, the emphasis will be on lean products, lean processes, lean culture and lean foundation. The advanced vertical-lift solutions also are 2013 priorities, as Eurocopter pursues concept validation and launch of the product application for its X3 hybrid aircraft; and advances the X4's development as the first member in its next-generation family concept, to be followed by the X6 and X9 at less than two-year intervals for each.
FMI: