21 Nov 2019 07:30
21 November 2019
Etalon Group Named one of Russia's Top-50 Employers
ETALON GROUP PLC (the "Company"), one of Russia's largest and longest-established development and construction companies, announces that Forbes Russia has named the Company one of the top-50 employers in Russia.
Etalon Group was the only development and construction company named in the ranking, demonstrating the Company's success at implementing sustainable development goals in its work with employees and the development of human capital. Forbes created the rating using a combination of online search data, polling of jobseekers and data from companies. The rating takes into account the priorities of people looking for jobs in Russia and combines that with verified data from the companies themselves. Some of the key criteria for the ranking included salary levels, workplace conditions, social guarantees, in-house training and development opportunities, development of infrastructure in areas of operation, brand recognition, environmental protection and corporate charitable giving.
One of Etalon Group's priorities under its strategy for sustainable development is to attract and retain high-quality staff, as well as growing talents by investing in training and development programmes and offering competitive compensation packages. Some of the Company's key initiatives include in-house training, programmes to attract promising young employees, implementing leading-edge workplace health & safety measures, supporting diversity and equal opportunities, and seeking employee feedback through surveys for line employees and managers.
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 6.3 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.