Airbus 2013 Annual Report Download - page 53

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EUROCOPTER —
INNOVATION DRIVE
Airbus Helicopters continued its drive to renew the existing
product range for future growth. Both the new EC175 medium-
weight twin-engine helicopter and the upgraded EC145 T2 light
twin are equipped with the new state-of-the-art Helionix
avionics system. The power and performance of the EC175
were demonstrated by two vertical speed records validated
in 2013. European Aviation Safety Agency (EASA) certication
for the EC175 was received in January 2014, paving the way
for entry-into-service.
Development continued on the new X4 medium-weight helicopter,
which will offer improved performance, reduced fuel consumption,
and lower sound levels. The X3 high-speed hybrid demonstrator
marked a new milestone in the company’s innovation roadmap,
combining vertical takeoff and landing capabilities with
achievement of the world speed record. The optionally piloted
EC145 demonstrator proved unmanned ight capabilities.
INTERNATIONAL PRESENCE
The Division continued to expand its international presence,
announcing plans for a new nal assembly line in the United
States and a potential full industrial setup in Poland, dependent
on Poland’s strategic decision in the eld of defence.
Ahigh-technology component factory was opened in Mexico,
while an EC225 training facility was opened in Norway.
OUTLOOK
A key priority in 2014 will be to achieve successful
entry-into-service of the new EC175 and the EC145
T2 helicopters. As of February 2014, 15 EC175s
were in production, with the three launch customers
scheduled to receive delivery later in the year.
An upswing in order bookings for this helicopter is
expected in 2014.
Increased production rates will be implemented
for the military NH90, Tiger and EC725 helicopters
during 2014.
The Division’s strategy will drive improvement
initiatives related to its transformation plan, which
aims at placing customer satisfaction and quality at
the core of operations as well as improving industrial
competitiveness, while ensuring the highest levels
of aircraft safety. Airbus Helicopters has also
implemented plans to reduce costs, optimise cash
and create value.
EUROCOPTER
REVENUES BY MARKET
IN % OF EXTERNAL REVENUES
55% Civil
45% Defence
€ m 2013 2012(a) Change
Revenues 6,297 6,264(a) +1%
R&D expenses(1) 306 297(a) +3%
EBIT* 397 309(a) +28%
Order Intake 5,775 5,392(a) +7%
Order Book 12,420 12,942(a) -4%
(1) Capitalised R&D: € 36m in FY 2013 and € 22m in FY 2012.
(a) 2012 gures are pro forma, amended with IAS 19 restatement.
ACHIEVING OUR GOALS — ANNUAL REVIEW 2013
51