MOSCOW, April 09. /ITAR-TASS/. The revenues of the Ruselectronics holding company, a subsidiary of the Russian state corporation Rostec, is expected to more than triple to 131 billion roubles ($3.7 billion) by 2020, a deputy director general of Ruselectronics said Wednesday.
Arseny Brykin also told journalists that there are plans to nearly halve the number of enterprises making part of the holding company in the next three years.
“As a result of enlargement, restructuring and liquidation, in the period from 2014 to 2016, 70 organizations will be established on the basis of 120 plus organizations. In this way, the manageability and stability of the holding company’s organizations will be increased,” Brykin said.
He said the basic scenario of the holding company’s development strategy implementation envisions its revenues’ growth in 2012-2020 to 130.7 billion roubles ($3.7 billion) from 42.7 billion roubles ($1.2 billion).
“The volume of sales of dual-purpose and military-oriented products will grow by over 50%, whereas the share of civil products will grow to 55%,” the deputy head of Ruselectronics said.
He specified that the return on invested capital will total 5.5%, and EBITDA profitability will reach 18%.
Ruselectronics is part of strategically important dual-purpose assets of the Rostec corporation. As a holding and management company, Ruselectronics unites 123 enterprises of the radioelectronic industry.