Turboatom’s order book totals UAH 2.5 bln in 2011

Turboatom (UX: TATM UK) has an order book of UAH 2.5 bln, according to information released by the Ministry of Industrial Policy yesterday. Vitaly Gorovoy: Most of the announced contract volume is carried over from agreements not fulfilled in 2010 because of the long production cycle. We note that Turboatom announced an order book of UAH 2 bln in early 2010. The announced figure implies Turboatom will be able to fully load its capacities this year.