Kryukiv Wagon receives 30 wagon order from Kyiv Metro

Kryukiv Wagon (KVBZ) received a 30 subway car order from the Kyiv Metro, Ukrainian News reported this morning. Kyiv’s subway system had initially planned to buy 50 cars from Kryukiv. Kyiv Metro has been operating a prototype train from Kryukiv on its Syretsko-Pechersky line since January. Yegor Samusenko: This new order is welcome news for Kryukiv, which saw its sales contract 4x in 1H09 to UAH 435 mln. The previous tender from Kyiv Metro announced earlier in summer was annulled by a local court. We estimate the value of the new order at UAH 210 mln. We expect Kryukiv Wagon to end 2009E with sales of UAH 1.08 bln, a 67% drop over 2008 in UAH terms.