Investor Relations

Oct 09, 2012

UVZ financials going up

UVZ executives reviewed the nine months financial results of the year 2012 at headquarters. The period proved to be successful. So far URALVAGONZAVOD sales revenue is up to 67.4 billion rubles, which is 38.1% higher than in the same period last year. In 2011 the sum equalled 48.8 billion rubles.

Given that 2012 revenue objective is 92 billion rubles, the corporation is about to achieve this figure. Saleable production rate from January through September 2012 is 14.7% higher compared to the same period in 2011. In September 2012 UVZ produced 2350 rolling stock units: 1800 gondola cars, 530 tank cars and 20 logging flatcars.

The plan is 100.7% completed. UVZ also produced 13 side-dump cars. Gondola cars production rate growth is 107.7%, tank cars — 99.7%, logging flatcars — 202.7%. Plan for assembling is also completed. Defect ratio is lowering. «We completed all that has been planned. I thank all our colleagues for this.

Still, we have three more months to go and no time to slow down. I’m sure, URALVAGONZAVOD will achieve the set goals», said UVZ Executive Director Vladimir Roshupkin.