In 2018, the consolidated proceeds of machine-building division of Rosatom Atomenergomash Group (AEM) increased by 4.4% and amounted to 71 billion rubles. EBITDA increased by 15.3% to 11.3 billion rubles. Index of effectiveness of operating activities – EBITDA margin – increased by 14.2% and amounted to 16%.
The growth of profitability is conditioned by the productivity enhancement both in the field of production of core nuclear power plant equipment, and in the non-nuclear business area. Also the sale of the non-core assets had the beneficial effect.
During the past five years, the division’s revenues increased more than by half, and the share of new businesses in the total revenue of the division increased to 45%. Outside the nuclear sector, we actively expand our presence in the market of LNG equipment, we produce core waste to energy equipment, and we collaborate with other companies in the sphere of localization of cutting edge technologies for oil and gas sector, shipbuilding and power industry in Russia. I thank our partners for their trust and constructive cooperation," - the CEO of JSC Atomenergomash Andrey Nikipelov said.
It is worth reminding that, in 2018, AEM’s portfolio of orders increased by almost 37% as compared to 2017 exceeding 623 billion rubles.
The final financial Atomenergomash Group’s results will be published in the integrated annual report for 2018.