17 Mar 2015 11:54
LSR Group announces 2014 Financial results
In 2014 LSR Group generated RUB 92,347m of revenues and RUB 21,588m of EBITDA
· Sales revenue increased by 53%, up to RUB 92,347m
· EBITDA increased by 84%, up to RUB 21,588m
· EBITDA margin was 23%
· Total comprehensive income was RUB 9,715m
· Earnings per share amounted to RUB 89.78
· Net debt decreased by 93%, down to RUB 2,089m. Total debt decreased by 20%, down to RUB 27,367m
· Net debt/EBITDA ratio decreased from 2.4 to 0.1
Aleksandr Vakhmistrov, CEO and Chairman of the Executive Committee of LSR Group comments:
Last year was definitely successful for our company. Once again we broke our own records both in terms of sales and completions, maintained and strengthened our market positions, expanded the scope of our business activities in Moscow due to the acquisition of some unique projects, decreased our debt and made it 100% ruble based to avoid the risk of currency fluctuations.
In 2014, we generated revenue of RUB 92.3bn, up 53% year-on-year. EBITDA increased by 84% to reach RUB 21.6bn. EBITDA margin increased up to 23%. Net debt decreased by 93% to RUB 2.1bn and the Net debt/EBITDA ratio decreased from 2.4 to 0.1.
Full version of the press-release is available in pdf-format>>
http://www.rns-pdf.londonstockexchange.com/rns/6595H_-2015-3-17.pdf
Notes to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and prefab construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of December 31, 2014 (according to Colliers International), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 10m m2 with the market value of RUB 135bn. In 2014, the sales revenue of LSR Group amounted to RUB 92,347m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
For more information please contact:
LSR Group Press Service
Tel.: +7 812 333 11 11
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru