Motor Sich Reports Strong 9M Financials

Motor Sich (MSICH: BUY) lifted its 9M sales to USD 223.6 mln. The company’s EBITDA came to USD 54.4 mln, a margin of 24.3%, and net income of USD 32.9 mln, a margin of 14.7%. Sales so far this year are in line with our fullyear 2007 projections (USD 333 mln), and margins slightly above yearend forecasts of a 23% EBITDA margin and 9% net margin. We will be issuing a brief note regarding the company’s 9M performance shortly.