MKS Targets Sales Growth of 40% yoy in 2008

On Friday, March 14, the top management of Ukraine’s fourth largest computer producer, MKS (KVIN: BUY) held a conference call for investors and analysts to discuss the company’s 2007 results and 2008 plans. This year, the company is targeting sales growth of 40% yoy to USD 250 mln and plans to add 20-25 new stores to its network, according to Oleg Mashkov, chairman of the board at MKS. Mashkov related the company’s increased EBITDA margin (from 2% in 2006 to 5% in 2007) to efforts focusing on improving efficiency (see our note of March 7, 2008 for more details on 2007 performance and 2008 plans).