AvtoKrAZ Increases Production 2.2% yoy In 2006
15 January 2008
In 2006, AvtoKrAZ (KRAZ: BUY) increased truck production by 2.2% yoy to 3486 vehicles. Last week, KRAZ announced that it had agreed to deliver 200 trucks to Georgia in 2007, roughly 4% of the company’s expected sales for 2007. Olha Pankiv: Taking into account that the company has reported sales of 3443 trucks in January-November, we believe, annual sales of trucks will be around 3800 – ~15% higher than we projected.
