The Ukrainian car manufacturing enterprise JSC Dneprovagonmash (DVM, Kamenskoye, Dnepropetrovsk region), controlled by the financial and industrial group TAS of businessman Sergei Tigipko, completed January-September 2023 with a net profit of 51.09 million hryvnia, which is 8. 3 times more than for the same period in 2022.
According to the interim reporting of the company published on Wednesday in the information disclosure system of the National Securities and Stock Market Commission, its net sales income decreased by 14.7% - to 724.62 million hryvnia . Sergei Tigipko's company increased gross profit by 18.7% in January-September - up to 96.9 million hryvnia, receiving 53.5 million hryvnia in operating profit (4.6 times more).
The report does not include The number of cars produced and sold during the reporting period is given. Among the price risks at the enterprise, the report still notes the risk of increased prices for components, materials and energy (material costs account for 80-90% of production costs), and a decrease in prices for wagons.
“Ongoing military operations, uncertainty about further developments, including the intensity or potential timing of termination of these actions, may significantly affect the economic situation in the country and, accordingly, the activities of Dneprovagonmash,” the report notes.
Dneprovagonmash is one of the leading Ukrainian design and manufacturing enterprises freight cars with an annual production capacity of 9 thousand units. This year, the company shipped the first lightweight modular freight cars (MultiBOX), intended for operation on the railways of the European Union.
TAS Group was founded in 1998 by businessman Tigipko. Her business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture projects.
