Kryukiv Wagon boosts bottom line 2.3x yoy in 2011
12 March 2012
Kryukiv Wagon (KVBZ UK) increased its net income 2.3x yoy to USD 85.0 mln in 2011, according to an announcement for the company’s AGM on April 12. The company’s total assets grew 40.7% yoy to USD 362 mln.
Roman Dmytrenko: After record output of 10,750 fright railcars in 2011, we expect Kryukiv Wagon to struggle to repeat that level of output this year. Nevertheless we expect revenues to rise 2.0% yoy to USD 826 mln and EBITDA to grow 6.7% to USD 124 mln in 2012, with an EBITDA margin of 15.0%, backed by favorable freight railcar prices and sales of new high-speed passenger trains.
