Turboatom Posts Strong Growth in 9M07
26 October 2008
Turboatom (TATM: BUY), Ukraine’s largest turbine manufacturer increased sales in 9M07 to USD 48.2 mln (up 45.3% yoy) and reported EBITDA of USD 10.6 mln (margin of 21.9%) and net income of USD 6 mln (margin of 12.4%). The large influx of orders in the pipeline for 4Q makes us confident that the company will reach our yearend targets: sales of USD 87 mln and net income of USD 11.8 mln.
