Public joint-stock company Dniprovahonmash (Dniprodzerzhynsk, Dnipropetrovsk region), a large railcar manufacturing company under the control of TAS Group, saw its wagon sales plummet by almost 80% in 2014, to 447 wagons, the company said in its financial report for 2014.

The company said that wagon production fell by 85.7%, to 332 wagons.

Consolidated net revenue plunged by 71.5%, to UAH 431.82 million, while net loss coincided with the previously published net loss figure – UAH 26.62 million compared to consolidated profit of UAH 114.6 million in 2013.

According to the report, last year the plant saw gross profit of UAH 15.44 million, 93.8% down from a year ago, and operating loss totaled UAH 18.72 million compared to UAH 159.4 million of operating profit seen a year ago.

The average prices of wagons last year were UAH 727,600 for the 19-4101 hopper model, UAH 464,600 for the 19-4109-01 hopper model, and UAH 125,300 for the 18-100 bogie model.

The share of exports was 72.3%, and the key clients in Ukraine were Zakhidny Trade House, Quadro Center LLC and Integral Project Management (all based in Kyiv), and in Russia Excellent (Yekaterinburg) and Dneprovagonmash Trade House (Moscow).

The prices of raw materials and spare parts for wagon products grew. Interpipe Ukraine boosted the price of wheels by 17%, the price of axels made by Region LLC grew by 14%, and the prices of brake equipment and cranes rose by 10%.

Dniprovahonmash's share of total freight wagon production in Ukraine and Russia was only 0.7%.

In 2014, Russian certification agencies suspended many certificates for products manufactured by Ukrainian enterprises.

Dniprovahonmash produces gondolas, open and covered hoppers, platforms of various specializations, bunker and covered wagons, dump cars, specialized technological vehicles. This includes the company's subsidiary Stalzavod.