AvtoKrAZ Enjoys Record Sales In November

AvtoKrAZ (KRAZ: HOLD), Ukraine’s only large truck producer, sold 3,443 trucks in 11M, an increase of 13.9% yoy. In November, KRAZ sales were up 30% mom as the company sold 534 trucks, a record number for one month. Olha Pankiv: The jump in sales in 4Q06 was triggered by increasing demand on the domestic market and from Russia (300 units in total) following the Moscow International Automobile Show in September. This year end boost is likely to lead to 18% higher overall sales in 2006 than we forecasted.