13 Jan 2020 07:30
13 January 2020
Etalon Delivers Record 622 ths sqm of NSA in 2019
ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces that it delivered 622 ths sqm of net sellable area ("NSA") at 21 of its residential real estate development projects in 2019.
A breakdown of deliveries by project is provided below:
Project | 2019 Deliveries, NSA ths sqm |
Moscow metropolitan area | |
Summer Garden | 122 |
Emerald Hills | 74 |
Silver Fountain | 54 |
Schastye v Tushino | 13 |
Schastye na Volgogradke | 11 |
Schastye v Chertanovo | 9 |
Schastye na Shodnenskoy | 9 |
Schastye na Dmitrovke | 8 |
Schastye v Veshnyakakh | 8 |
Schastye v Lianozovo | 8 |
Schastye v Tsaritsyno | 7 |
Schastye v Olimpiyskoy Derevne | 7 |
Schastye na Maslovke | 7 |
Schastye na Leninskom | 6 |
Residence on Pokrovskiy Boulevard | 6 |
Residence on Vsevolozhskiy | 4 |
Total, Moscow metropolitan area | 353 |
St Petersburg | |
House on Blyukhera | 100 |
Galactica | 91 |
Morskaya Zvezda | 60 |
Fusion | 14 |
House on Obruchevykh Street | 3 |
Total, St Petersburg | 269 |
Total | 622 |
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/
Etalon Group IR Team
T: +44 20 8123 1328
E: info@etalongroup.com
EM
Sam VanDerlip
T: +44 207 002 7859
E: vanderlip@em-comms.com
About Etalon Group
Founded in 1987, Etalon Group is one of Russia's largest development and construction companies. The Company focuses on middle class residential real estate in the Moscow and St Petersburg metropolitan areas. With a more than 30-year history, Etalon Group has one of the longest and most successful track records in the Russian real estate industry. Since its foundation, Etalon Group has commissioned 7 million sqm of real estate.
Etalon Group's traditionally conservative approach to managing its financial position, solid cash generation and strict working capital management support a secure liquidity position: net cash as of 31 December 2018 was RUB 2.2 billion.
The Company is vertically integrated, which helps it to control costs, quality and timing, as well as maintain best-in-class profitability. Etalon Group employs over 5,000 people, and its nationwide sales and marketing network covers 58 Russian cities.
In 2019, Etalon Group acquired and consolidated 100% in Leader-Invest, one of Moscow's largest residential developers by size of land bank and number of projects currently available for sale.
Etalon Group's total assets, including the aforementioned consolidation and 100% ownership of ZIL-Yug project, comprise 53 projects under development, completed residential and commercial properties, as well as a construction and maintenance division, with total unsold NSA of 4.0 million sqm. Knight Frank valued the Company's total assets at RUB 206,071 million as of 31 December 2018.
For the year ended 31 December 2018, Etalon Group's new contract sales totalled 628 ths sqm, or RUB 68,731 million. Deliveries in 2018 amounted to 479 ths sqm.
The Company recorded revenue of RUB 72.3 billion and EBITDA of RUB 5.7 billion for the year ended 31 December 2018.
Etalon Group's GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011.