IAI, Q2 2021: Increase in sales and net profit
The increase in sales is mainly due to an increase in sales of the Missile and Space Systems Division and the Aviation Division, which was partially offset by a decrease in sales in the Elta Division.
Ami Rohex Dumba | 18/08/2021 Contact author
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Harel Locker. Photo: Haim Tzach - GPO
Outgoing IAI Chairman Harel Locker: "Last week I finished my tenure as Chairman of the Company's Board of Directors after exactly four years. In those years the company underwent a sharp business revolution. In the first half of 2021 the company achieved its best business results ever. It employs about 15,000 people, including 10,000 engineers, the investment in R&D per year is about NIS 3 billion, and we export more than 70% of our products to about 100 countries in the world, in an annual amount of over NIS 10 billion.
IAI CEO Boaz Levy: “We have concluded an excellent median and quarter for IAI. The company continues to show record sales and profit and this time $ 100 million in the median. "We also see signs in the aviation division of a recovery from the Corona crisis, an increase in contracts for executive jets and a positive effect of the volume of world trade flown on the field of aircraft conversion to cargo."
The company's sales in the second quarter of 2021 grew and amounted to approximately $ 1,149 million, compared to approximately $ 1,060 million in the corresponding quarter last year, an increase of 8.4%. The increase in sales is mainly due to an increase in sales of the Missile and Space Systems Division and the Aviation Division, which was partially offset by a decrease in sales in the Elta Division.
The sales share of the military divisions in the second quarter of 2021 increased by about 9.3% to about $ 973 million compared to about $ 890 million in the corresponding quarter last year. The Aviation Division's sales share in the second quarter of 2021 increased by about 13.8% to about $ 329 million compared to about $ 289 million in the corresponding quarter last year.
The sales share for exports in the second quarter of 2021 was 73% and amounted to approximately $ 840 million (approximately $ 309 million, constituting 27% sold in Israel), compared with 73% in the corresponding quarter last year, approximately $ 773 million (approximately 287 Million, constituting about 27% sold in Israel).
The gross profit of the military divisions in the second quarter of 2021 increased by about 9.5% to about $ 162 million compared to about $ 148 million in the corresponding quarter last year. The Aviation Division's gross profit in the second quarter of 2021 fell to about $ 16 million compared to about $ 24 million in the corresponding quarter last year.
Operating profit in the second quarter of 2021 amounted to approximately $ 71 million (approximately 6.2% of sales) compared to operating profit of approximately $ 66 million in the corresponding quarter last year (approximately 6.2% of sales).
The operating profit of the military divisions in the second quarter of 2021 amounted to about $ 81 million compared to about $ 86 million in the corresponding quarter last year. The Aviation Division's operating loss in the second quarter of 2021 was approximately $ 3 million compared to an operating profit of approximately $ 1 million in the corresponding quarter last year.
Net income in the second quarter of 2021 amounted to $ 58 million (approximately 5% of sales) compared to net income of approximately $ 48 million (approximately 4.5% of sales) in the corresponding quarter last year Net income in this quarter is the largest in IAI history in the quarter The second.
The net profit of the military divisions in the second quarter of 2021 amounted to about $ 70 million compared to about $ 81 million in the corresponding quarter last year. The aviation division's net loss in the second quarter of 2021 was about $ 6 million, similar to the same quarter last year.
EBITDA in the second quarter of 2021 amounted to approximately $ 132 million (approximately 11.5% of sales) compared to approximately $ 121 million (approximately 11.4% of sales), in the corresponding quarter last year.
The company's backlog as of June 30, 2021 amounted to about $ 12.4 billion, compared to about $ 12.6 billion at the end of 2020. 79% of the orders are for sale to overseas customers in a wide geographical distribution. The backlog consists of a wide range of projects and guarantees 3.1 years of activity At current sales volume.
www.israeldefense.co.il
The increase in sales is mainly due to an increase in sales of the Missile and Space Systems Division and the Aviation Division, which was partially offset by a decrease in sales in the Elta Division.
Ami Rohex Dumba | 18/08/2021 Contact author
sharing
Harel Locker. Photo: Haim Tzach - GPO
Outgoing IAI Chairman Harel Locker: "Last week I finished my tenure as Chairman of the Company's Board of Directors after exactly four years. In those years the company underwent a sharp business revolution. In the first half of 2021 the company achieved its best business results ever. It employs about 15,000 people, including 10,000 engineers, the investment in R&D per year is about NIS 3 billion, and we export more than 70% of our products to about 100 countries in the world, in an annual amount of over NIS 10 billion.
IAI CEO Boaz Levy: “We have concluded an excellent median and quarter for IAI. The company continues to show record sales and profit and this time $ 100 million in the median. "We also see signs in the aviation division of a recovery from the Corona crisis, an increase in contracts for executive jets and a positive effect of the volume of world trade flown on the field of aircraft conversion to cargo."
The company's sales in the second quarter of 2021 grew and amounted to approximately $ 1,149 million, compared to approximately $ 1,060 million in the corresponding quarter last year, an increase of 8.4%. The increase in sales is mainly due to an increase in sales of the Missile and Space Systems Division and the Aviation Division, which was partially offset by a decrease in sales in the Elta Division.
The sales share of the military divisions in the second quarter of 2021 increased by about 9.3% to about $ 973 million compared to about $ 890 million in the corresponding quarter last year. The Aviation Division's sales share in the second quarter of 2021 increased by about 13.8% to about $ 329 million compared to about $ 289 million in the corresponding quarter last year.
The sales share for exports in the second quarter of 2021 was 73% and amounted to approximately $ 840 million (approximately $ 309 million, constituting 27% sold in Israel), compared with 73% in the corresponding quarter last year, approximately $ 773 million (approximately 287 Million, constituting about 27% sold in Israel).
The gross profit of the military divisions in the second quarter of 2021 increased by about 9.5% to about $ 162 million compared to about $ 148 million in the corresponding quarter last year. The Aviation Division's gross profit in the second quarter of 2021 fell to about $ 16 million compared to about $ 24 million in the corresponding quarter last year.
Operating profit in the second quarter of 2021 amounted to approximately $ 71 million (approximately 6.2% of sales) compared to operating profit of approximately $ 66 million in the corresponding quarter last year (approximately 6.2% of sales).
The operating profit of the military divisions in the second quarter of 2021 amounted to about $ 81 million compared to about $ 86 million in the corresponding quarter last year. The Aviation Division's operating loss in the second quarter of 2021 was approximately $ 3 million compared to an operating profit of approximately $ 1 million in the corresponding quarter last year.
Net income in the second quarter of 2021 amounted to $ 58 million (approximately 5% of sales) compared to net income of approximately $ 48 million (approximately 4.5% of sales) in the corresponding quarter last year Net income in this quarter is the largest in IAI history in the quarter The second.
The net profit of the military divisions in the second quarter of 2021 amounted to about $ 70 million compared to about $ 81 million in the corresponding quarter last year. The aviation division's net loss in the second quarter of 2021 was about $ 6 million, similar to the same quarter last year.
EBITDA in the second quarter of 2021 amounted to approximately $ 132 million (approximately 11.5% of sales) compared to approximately $ 121 million (approximately 11.4% of sales), in the corresponding quarter last year.
The company's backlog as of June 30, 2021 amounted to about $ 12.4 billion, compared to about $ 12.6 billion at the end of 2020. 79% of the orders are for sale to overseas customers in a wide geographical distribution. The backlog consists of a wide range of projects and guarantees 3.1 years of activity At current sales volume.
תעשייה אווירית, רבעון שני 2021: גידול במכירות וברווח הנקי
יו"ר התעשייה האווירית היוצא, הראל לוקר: "סיימתי בשבוע שעבר את כהונתי כיו"ר דירקטוריון החברה לאחר ארבע שנים בדיוק. בשנים אלה עברה החברה מהפך עסקי חד. בחציון הראשון לשנת 2021 השיגה החברה את התוצאות העסקיות הטובות ביותר שלה אי פעם. בחברה מועסקים כ- 15,000 איש, מתוכם 10,000 מהנדסים והנדסאים, ההשקעה...
