Pilatus sees record orders in 2012, but turnover is down
Pilatus Aircraft received three major orders received totalling over 2.2 billion Swiss francs in 2012, securing work for some time. The new PC-24 business-jet project will be unveiled at EBACE in May.
In 2012, Pilatus achieved a gross turnover of 593 million and an operating profit (EBIT) of 38 million Swiss francs, both figures well down on 2011. At 68 million Swiss francs, investment in research and development was higher than ever.
Order intake increased to a total 2.7 billion Swiss francs. This includes three major orders from India (75 PC-7 MkII), Saudi Arabia (55 PC-21) and Qatar (24 PC-21). The level of orders in 2012 was greater than that of the previous four years combined, making it the largest in Pilatus‘s history. Current orders will secure enough work for Pilatus over the next four years.
In total, 62 PC-12 NGs were delivered during the reporting year, one aircraft less than the previous year. Although the PC-12 NG aircraft has maintained its market share with sales even growing marginally in some regions, the general aviation market has however yet to recover overall following the economic crisis. The expected economic upturn has so far had little impact in North America in particular, the most important market for the PC-12 NG.
Nevertheless, the company was pleased with the order placed by the U.S. Air Force for a fleet of over 18 PC-12 Spectres, which will be delivered over the next two years.
The PC-24 project – the new business jet by Pilatus – is making good progress. Last year, the Board of Directors gave the definite green light to the biggest, fastest and most complex aircraft that Pilatus has ever built. On 21 May this year, the aircraft will be presented to the general public at the European Business Aviation Convention & Exhibition (EBACE) in Geneva.
The number of employees at the headquarters in Stans increased during the reporting year from 1302 to 1433 employees, representing a jump of ten per cent. In total, 91 per cent of its employees worldwide are therefore employed in Switzerland.
Oscar J. Schwenk, Chairman of Pilatus Aircraft Ltd is proud of the annual figures which Pilatus achieved in 2012, saying: "While turnover and EBIT are lower than previous years, they are still very impressive thanks to advance efforts for 2013. With India and Qatar, we have gained two new prestigious customers. After 25 years of using PC-9, Saudi Arabia has also opted for our latest, state-of-the-art PC-21 training system. The order reflects our customers’ general confidence in Pilatus and our products and services, and it is good to see that all these great nations choose an aircraft from Switzerland.”