At the end of August Stakhaniv Wagon (SVGZ UK) fulfilled the delivery of 300 mineral wagons to Russian Major mineral-chemical company EuroHim, yesterday announced a representative of the wagon producer company. He also stated that in the 3Q the activity on the wagons market is observed, and the company receives new orders for wagons.
We view this news as positive for the company. The information about wagon market recovery we also received during our meeting with DTEK (part of SCM, holds assets in generation and coal extraction) representatives last week. For reference, this year Stakhaniv Wagon received additional working capital during its April-May additional share issue in the amount of USD20M.