Turboatom announces UAH 2 bln order book
9 February 2010
Turboatom’s (UX: TATM UK) order book as of January 1, 2010 totaled UAH 2 bln, Interfax said yesterday. Yegor Samusenko: Most Turboatom contracts are long-term, thus we don’t think the UAH 2 bln order book will entirely be executed during 2010. We estimate 2010 sales to grow by 30% to UAH 900 mln, while its net margin should shrink slightly to 16% in 2010 from 18% in 2009.
