Головна сторінка
/
Новини
/

Druzhkivka Machinery gets UAH 51 mln equipment order

Druzhkivka Machinery gets UAH 51 mln equipment order

26 January 2010

Druzhkivka Machinery (DRMZ UK) was selected by Sverdlovantratsit, a state-owned coal mining company, to provide it with UAH 50.6 mln in equipment, local media reports indicated yesterday. The companies signed a relevant agreement in December 2009. Yegor Samusenko: In 2009, Druzhkivka Machinery received orders from state mines totaling UAH 898 mln, according to official tenders. The orders came to 1.3x of 2008 annual sales and 3x higher than sales in 9M09, which halved yoy. We believe all the orders will be completed in 2010-2011 and were delayed due to low cash flows into the state mining sector. We attribute the delay to lower demand for energy coal and the presidential election campaign, which saw the government prioritize wage increases and defer investments. We are positive on Druzhkivka Machinery’s sales outlook and expect 50% growth in 2010E.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...