Net profit of Ukroboronprom State Concern increased by 108.36% and amounts to 2.5 billion UAH (over 89 mln USD) in 2020 compared to 2019 1.2 billion UAH (over 64 mln USD).
The implementation of 2020 financial plan amounted to 121.9% (planned net profit was 2.096 billion UAH, over 75 mln USD).
In 2020, almost all key indicators improved as well: income increased by 5%, operating profit had 10-fold increase
2.5 times, and operating margin reached 13% (2.3-fold growth).
Net income of Ukroboronprom in 2020 increased by UAH 1.7 bln UAH (over 60 mln USD) compared to the previous year and amounted to 37.4 bln UAH (1.2 bln USD).
Ukroboronprom’s operating profit in 2020 amounted to 4.9 billion UAH (over 175 nmln USD) compared to 1.4 bln UAH (over 50 mln USD) back in 2019.
The portfolio of orders of the Concern’s enterprises increased by 21% in 2020. Specifically, there was an increase in the number of new orders in direct sales and government defense orders (73% and 79%).
“Our tasks for 2021 are: to increase production and ensure timely and high-quality execution of contracts under the state defense order, which has already been approved by the Verkhovna Rada Committee on National Security, Defense and Intelligence; to grow exports of goods and services, which shall return Ukraine to the top ten countries in the global weapons market. And, of course, the successful implementation of a comprehensive reform of the state defense industry, “- Yuriy Husyev said, General Director of Ukroboronprom.

In addition, enterprises of Ukroboronprom managed to perform contracts on state defense orders by 100% even against decline in domestic production in all sectors of industry, despite the delay in financing by the state for over 3 months, late contracting of enterprises, which began only in the second quarter of this year, and restrictions due to coronavirus and lockdown measures.