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Etalon Group 2019 Assets Value Reaches RUB 188 bln

10 Mar 2020 07:30

RNS Number : 5690F
Etalon Group PLC
10 March 2020
 

10 March 2020

 

Etalon Group 2019 Assets Value Reaches RUB 188 bln

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces the results of its asset valuation as of 31 December 2019, conducted by Colliers International.

 

The total value of the Company's assets reached RUB 188 billion, or USD 3.0 billion at the Central Bank of Russia exchange rate as of 31 December 2019, which represents USD 10.3 per GDR.

 

Etalon Group's project portfolio, with unsold NSA of 3.3 million sqm at 33 projects under development and at completed residential complexes, was valued by Colliers International at RUB 176 billion.

 

This valuation also includes Etalon Group's construction and maintenance division, the value of which increased by 25% year-on-year to RUB 12 billion.

 

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

 

Etalon Group IR TeamT: +44 20 8123 1328E: ir@etalongroup.com  

 

EM Sam VanDerlipT: +44 207 002 7859E: 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.

 

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 comprise 33 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 3.3 million sqm, as well as construction and maintenance division. Colliers International valued the Company's total assets at RUB 188 billion as of 31 December 2019.

 

For the year ended 31 December 2019, Etalon Group's new contract sales totalled 630 ths sqm, or RUB 77.6 billion. Deliveries in 2019 amounted to 622 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 and on the Level 1 List of Moscow Exchange since 31 January 2020 under the ticker ETLN.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Date   Source Headline
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30th Aug 20238:00 amRNSEtalon Group Announces 1H 2023 Financial Results
11th Aug 202312:15 pmRNSEtalon Publishes First-Ever Sustainability Report
7th Aug 20237:30 amRNSEtalon Announces Operating Results for 1H, 2Q 2023
2nd Aug 20238:00 amRNSEtalon Group Announces Changes to Board Committees
18th Jul 20234:35 pmRNSEtalon Announces Intention to Cancel LSE Listing
18th Jul 20234:14 pmRNSNotice of intended delisting from LSE
18th Jul 20233:45 pmRNSNotice of intended delisting from LSE
10th Jul 20238:35 amRNSEtalon Receipts Primary Listing on Moscow Exchange
2nd Jun 20237:30 amRNSEtalon Starts Sales at New Project in StPetersburg
30th May 20237:00 amRNSEtalon Announces Operating Results for Jan–Apr 23
30th May 20237:00 amRNSEtalon Announces Changes to Board of Directors
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
26th Apr 20237:30 amRNSEtalon Announces Changes to Board of Directors
24th Apr 20237:30 amRNSEtalon Announces Changes to Board of Directors
11th Apr 20238:00 amRNSStart of Sales at a New Complex in Novosibirsk
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
26th Oct 20222:45 pmRNSEtalon Announces 3Q and 9M 2022 Operating Results
13th Oct 20227:30 amRNSEtalon Begins Sales for New Phase of Suomen Ranta
3rd Oct 20228:00 amRNSEtalon Group Begins Sales at New Project in Kazan
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
3rd May 20227:00 amRNSGroup Board of Directors Meeting Results
29th Apr 20222:30 pmRNSEtalon Group Publishes 2021 Annual Report
27th Apr 20227:40 amRNSEtalon Group Reports 1Q 2022 Operating Results

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