LSRG.L Regulatory News (LSRG)

LSR GROUP REPORTS 2016 FINANCIAL RESULTS

In 2016 LSR Group generated RUB 98,072m of revenues and RUB 19,298m of EBITDA

· Sales revenue increased by 13%, to RUB 98,072m

· EBITDA increased by 4%, to RUB 19,298m

· EBITDA margin was 20%

· Profit for the year was RUB 9,163m

· Earnings per share amounted to RUB 90.72

· Total debt was RUB 55,695m. Net debt was RUB 30,065m 

· Net debt/EBITDA ratio was 1.56

Andrey Molchanov, CEO and Chairman of the Executive Committee of LSR Group comments:

"2016 was a successful year for the company. We have entered another growth phase and hit a record revenue of RUB 98bn. EBITDA exceeded RUB 19bn. As of today more than 80% of the company's revenue and EBITDA is contributed by real estate development and construction business. The increased volume of our operations in Moscow is the key driver behind the company's growth. Our strategic goal is to boost real estate development business in the Moscow region to the level we have achieved in our home market, St. Petersburg. We look ahead with confidence and plan to sign new contracts for the sale of 770 thousand sqm this year."

Full version of the press-release is available in pdf-format>>

 http://www.rns-pdf.londonstockexchange.com/rns/8041Z_-2017-3-17.pdf

PJSC 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, 2016 (according to Knight Frank), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.8m m2 with the market value of RUB 144bn. In 2016, the sales revenue of LSR Group amounted to RUB 98,072m (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

E-mail: press@lsrgroup.ru 

www.lsrgroup.ru