Stakhaniv Wagon Increases Net Income by 4.5x yoy in 2007
30 January 2008
According to Ukrainian News, Stakhaniv Wagon (SVGZ: BUY) increased its net income by 4.5x yoy to USD 9.9 mln in 2007, while the company’s sales jumped threefold yoy to USD 238 mln. Stakhaniv’s output rose 154.5% yoy to 5,556 railcars in 2007. The company has announced plans to produce 6,600 railcars this year, 19% more than in 2007. Inna Perepelytsya: The company’s production and sales results came in exactly as we projected (5,560 railcars and USD 237 mln). Stakhaniv Wagon posted a 2007 net margin of 4.2%, which is 1.1 pp higher than our forecast – another positive surprise and reason to BUY.
