Zaporizhtransformator raises order book 80% yoy

Zaporizhtransformator (ZATR: BUY) reported that as of May 22, 2008, it increased its order book by 80% yoy to USD 610 mln (85% of its annual order book). The company expects to fill its 2008 order book by the end of July and to start taking orders for 2009-2010. Inna Perepelytsya: This announcement is in line with our projections. We expect the company’s full year sales to reach USD 770 mln (+86.7% yoy) and confirm our BUY recommendation on the stock.