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Etalon Delivers Record Amount Real Estate in 2022

13 Jan 2023 07:30

RNS Number : 6531M
Etalon Group PLC
13 January 2023
 

13 January 2023

 

Etalon Delivers Record Amount of Real Estate in 2022

 

Etalon Group (the "Company"), one of Russia's largest and longest-established development and construction companies, announces that it delivered 735 ths sqm of net sellable area ("NSA") at 19 projects in 2022, a 74% increase year-on-year and a record for the Company.

 

A breakdown of deliveries by project is provided below:

 

Project

2022 deliveries, NSA ths sqm

Moscow

Wings

169

Silver Fountain

50

Nagatino i-Land

47

Emerald Hills

43

Etalon City

11

Severny Kvartal

9

Schastye na Lomonosovskom

7

Schastye na Semeyonovskoy

7

Total, Moscow

344

St Petersburg

Che Quarter

110

Galactica

79

Moscow Gates II

47

Novoorlovskiy

43

Domino

29

Inkeri

14

Tarmo

10

House on Blyukhera

4

Total, St Petersburg

338

Other regions

 

Kazan: Green

24

Ekaterinburg: Rifei

19

Sverdlovsk region: Baltym Park

10

Total, other regions

53

Total

735

 

Commenting on the high amount of NSA⁠ delivered, Etalon Group CEO Gennadiy Shcherbina said:

 

"In 2022, we completed the construction of almost 735 ths sqm of NSA, setting a new record for deliveries and considerably bolstering our position among Russia's five largest developers. Over the past few years, we have expanded our project portfolio and geographic footprint considerably: we are building new projects in five promising regional markets, and in May 2022 we completed a lucrative deal to acquire YIT Russia. Thanks to intense organic and inorganic growth, we were able to deliver a record amount of real estate by the end of the year, including in new regions - Kazan, Ekaterinburg and the Sverdlovsk region. We expect our efforts to improve business efficiency in our key markets and our successful launch in regions beyond Moscow and St Petersburg to provide the impetus for further expansion and to enable us to achieve our ambitious strategic goals."

 

This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/

 

Contact Information

 

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: ir@etalongroup.com

 

EM

E: etalon@em-comms.com

 

About Etalon Group

Founded in 1987, Etalon Group is one of the largest development and construction companies in Russia. The Company focuses on middle class residential real estate in the Moscow and St Petersburg metropolitan areas. In 2021, the Company began a regional expansion programme and has already launched new projects in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With a 35-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 8.6 million sqm of real estate.

Thanks to its integrated business model, Etalon Group is able to create added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs over 4,600 people, and its nationwide sales and marketing network covers 59 Russian cities.

Etalon Group's assets comprise 27 projects at the design and construction stages, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 6.0 mln sqm, as well as a construction and maintenance division. Colliers International valued the Company's total assets at RUB 270 billion as of 31 December 2021.

In 2021, Etalon Group's new contract sales totalled 446 ths sqm, or RUB 84.4 billion. The Company's revenue in 2021 amounted to RUB 87.1 billion, with EBITDA of RUB 17.9 billion.

Etalon Group's GDRs have traded on the Main Market of the London Stock Exchange since 20 April 2011 and in the Level 1 quotation list of Moscow Exchange since 31 January 2020 under the ticker ETLN.

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30th May 20237:00 amRNSEtalon Announces Operating Results for Jan–Apr 23
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17th May 20238:00 amRNSEtalon Launches Change of the Depositary
15th May 202310:00 amRNSEtalon to Obtain Primary Listing Status on MoEx
28th Apr 20233:00 pmRNSEtalon Group Publishes 2022 Annual Report
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29th Mar 20237:30 amRNSEtalon Group Announces Record Net Profit for 2022
16th Mar 20237:30 amRNSEtalon Assets Reach Record Valuation of RUB288 BLN
17th Feb 20237:30 amRNSEtalon Announces Changes to Board of Directors
8th Feb 20237:30 amRNSEtalon Receives Permit for Novosibirsk Region
3rd Feb 20237:30 amRNSEtalon Group Operating Results for FY and 4Q 2022
13th Jan 20237:30 amRNSEtalon Delivers Record Amount Real Estate in 2022
11th Jan 20237:30 amRNSEtalon Project to comply with Green GOSTR Standard
22nd Dec 20227:30 amRNSResults of Annual General Meeting
23rd Nov 20227:30 amRNSEtalon Begins Sales at New Complex in Tyumen
18th Nov 20227:30 amRNSEtalon Group PLC Notification of AGM
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13th Oct 20227:30 amRNSEtalon Begins Sales for New Phase of Suomen Ranta
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19th Sep 20227:30 amRNSEtalon Achieves Record Net Profit in 1H 2022
1st Sep 20227:30 amRNSEtalon Launches New Phase of Novoorlovskiy Project
29th Jul 20229:04 amRNSEtalon Group 1H and 2Q 2022 Operating Results
14th Jul 20227:45 amRNSEtalon Launches New Phase of Domino Complex
4th Jul 20227:30 amRNSEtalon commences sales in project in Yekaterinburg
24th May 20227:42 amRNSEtalon Reports Changes in Ownership Structure
17th May 20227:30 amRNSEtalon Begins New Project Sales in St Petersburg
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