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Kryukiv Wagon ups freight railcar output 5x yoy in 1H10

Kryukiv Wagon ups freight railcar output 5x yoy in 1H10

20 July 2010

Kryukiv Wagon (UX: KVBZ UK) raised its production of freight railcars in 1H10 by fivefold y-o-y to 4,329 units, the company reported yesterday, according to Interfax. Kryukiv’s management previously stated they were targeting annual output of 6,000 railcars this year. Yegor Samusenko: Though this impressive growth figure is mostly explained by a low base effect, we note that Kryukiv Wagon’s monthly output in 1H10 is above the historical highs in 2008. We expect the company to beat its output target for the year and produce 7 ths freight railcars. We are currently reviewing our target for this stock upward.

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