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Zaporizhtransformator Upgrades Its 2005 Forecasts.

Zaporizhtransformator Upgrades Its 2005 Forecasts.

11 October 2008

Zaporizhtransformator (ZATR: BUY) increased its sales forecasts for 2005 from USD 90 mln to more than USD 100 mln, implying a 57% yoy growth. Concorde Capital: We will be waiting for confirmation of the results – during the first 9 months the company’s sales only were 3.5% yoy higher than in 2004, amounting to USD 65.7 mln. Among the latest additions to the company’s logbook are contracts for the delivery of transformers for Azovstal (AZST: SELL), Vietnam’s VATCO for USD 0.86 mln and Egyptian Sidi Krir for Eur 3.4 mln.

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