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Pilatus Reports Strong Financial Performance in 2016

April 27, 2017

2 min read

Key Takeaways

Pilatus reported sales revenue of 821 million Swiss francs in 2016.
Operating earnings totaled 89 million Swiss francs after R&D investment.
56 additional jobs were created across the Group.
117 aircraft were delivered to customers.
PC-24 development program is proceeding according to plan.

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Strategic Implications

Pilatus's strong financial performance may indicate a solid foundation for future growth, despite a drop in sales revenue compared to previous years. The company's focus on investing in new technologies and production processes suggests a commitment to innovation and competitiveness. The PC-24 development program could be a key driver of future growth, and the company's expansion plans may signal a shift towards a more diversified business model.

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What Happened

Swiss Manufacturer Exceeds Expectations with Record Sales and Operating Earnings

Pilatus reported a successful 2016, with sales revenue of 821 million Swiss francs and operating earnings of 89 million Swiss francs. The company delivered 117 aircraft to customers and created 56 new jobs. The PC-24 development program is proceeding according to plan, and the company is investing in new production processes and facilities. Pilatus’s General Aviation operations accounted for 56% of total sales, with sales of the PC-12 NG up 30% on the previous year. The French Air Force and the Royal Jordanian Air Force have ordered additional PC-21s, and QinetiQ has ordered two PC-21s for the Empire Test Pilots’ School. Pilatus Annual Report 2016, as reported by Pilatus.

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