Ukrzaliznitsa To Place USD 90.2 mln Order With Luganskteplovoz In 2006 1Q07.

Ukrzaliznitsa (UZ) plans to order 12 electrical trains (96 carriages), one passenger locomotive, one diesel train and two mainland electric trains from Luganskteplovoz (LTPL: HOLD). Concorde Capital: While the number of electric trains to be ordered is in line with the expectations voiced by LTPL management for 2006 at the company’s AGM on April 21, the other orders are new. We will not review our sales projections for LTPL for 2006, which are in line with LTPL’s management’s expectations of USD 94.3 mln (21.7% yoy growth). The late adoption of the company’s 2006 financial plan (in May 2006), will likely lead to  the additional orders being fulfilled in 1Q07.