JSC Dniprovahonmash (Kamianske, Dnipropetrovsk region), a large car-building enterprise of Ukraine controlled by the TAS financial and industrial group, sold 825 freight cars in 2020, which is 58.3% less than a year earlier (1,944 units).
According to the financial statements of the enterprise published in the National Securities and Stock Market Commission, the production of railcars over the past year decreased even more – by 61.5%, to also 784 units for UAH 957.4 million.
The average selling price of the car was UAH 1.22 million. The plant exported 7.3% of the sold wagons for the amount of UAH 73.1 million.
Among the Ukrainian clients of the plant are TAS-Logistic, OTP-Leasing, Ukrtransleasing.
As reported, in 2019 the plant sold 1,944 freight cars (16% less than a year earlier) and produced 2018 cars (12.7% less) for UAH 2.871 billion.
According to the report, the unconsolidated net income of JSC Dniprovahonmash (excluding subsidiaries) in 2020 decreased 64.3%, to UAH 1.004 billion, the net loss amounted to UAH 110.92 million versus the net profit of UAH 413.62 million a year earlier.
The share of the plant’s cars of the total production of freight cars in Ukraine reached 26%.
Describing the situation on the Ukrainian car building market in 2020, the company noted a continuing trend towards a reduction in car production due to a drop in freight turnover in rail transport, a lack of traction stock at Ukrzaliznytsia due to its deterioration, and the presence of used Russian cars with an expired service life, as well as increasing the period of carriage turnover.
