The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLSRG.L Regulatory News (LSRG)

  • There is currently no data for LSRG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LSR Group reports its operating results for the first quarter of 2021

23 Apr 2021 11:40

PJSC LSR Group (LSRG) LSR Group reports its operating results for the first quarter of 2021 23-Apr-2021 / 12:40 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


 

LSR Group reports its operating results for the first quarter of 2021

 

New contract sales reached RUB 19 billion

Share of mortgage sales increased to 63% compared to 51% in the first quarter of last year

 

St. Petersburg, Russia - 23 April 2021 - PJSC LSR Group ("LSR" or the "Company") (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces its operating results for the first quarter ended 31 March 2021.

1Q 2021 Highlights:

New contract sales declined by 14% YoY, reaching RUB 19 billion, or 142 th. sqm; Share of mortgage sales amounted to 63%, up from 51% in 1Q 2020; Completions reached 67 th. sqm of net sellable area, up 23% compared to 1Q 2020; New 225 th. sqm of net sellable area was launched in the reporting period; The results of building materials segment were in line with the Company's expectations.

 

Andrey Molchanov, CEO of PJSC LSR Group, commented:

"In the first quarter of 2021 our sales in monetary terms expectedly declined by 14% year on year following strong results of 2020.

Sales dynamics was partly explained by the completion of large-scale mass-market projects in St. Petersburg last year, Shuvalovsky and Novaya Okhta, which we had been actively selling in the first quarter of 2020. At the same time, we recorded solid sales in our current projects. For example, sales in our residential complex Civilization increased by 63% in square meters compared to the same period last year.

In the Moscow region sales declined due to our limited offering. Nonetheless, we are very pleased with the results of our flagship project ZILART. Despite the launch of premium buildings last year, sales increased by 3% in square meters in the first quarter of 2021.

Overall, we continue to see stable demand for our offering, which we also plan to expand this year. We have already launched 225 thousand square meters in the reporting quarter, with an intention to launch around one million square meters this year."

***

Full version of the press release is available in PDF-format (link below) and on www.lsrgroup.ru

***

For more information please contact:

 

Igor Tsoy

Director of Investor Relations and Sustainable Development

E-mail: IR@lsrgroup.ru

 

About LSR Group:

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 and real estate development and construction. LSR Group's main operations are located in St. Petersburg and the Leningrad Region, Moscow and the Moscow region and Yekaterinburg. As at 31 December 2019 (according to Knight Frank), the net sellable area of projects in LSR Group's real estate portfolio amounts to 7.6 million m2 with the market value of RUB 207 billion.

In accordance with its audited IFRS consolidated financial statements for 2019, LSR Group reported revenue of RUB 110.4 billion, Adjusted EBITDA of RUB 21.0 billion and Net Profit of RUB 7.5 billion.

Ordinary shares of the Company are traded on the Moscow Exchange (MOEX: LSRG) and GDRs representing its ordinary shares are traded on the London Stock Exchange (LSE: LSRG).

www.lsrgroup.ru


ISIN:US50218G2066
Category Code:TST
TIDM:LSRG
LEI Code:25340067LEEMJ79K8X43
OAM Categories: 2.2. Inside information
Sequence No.:100632
EQS News ID:1187988
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
21st Oct 20204:30 pmEQSLSR Group announces public irrevocable offer for its Series 001P-02 bonds
21st Oct 202010:30 amEQSLSR Group makes fourteenth coupon payment and redeems part of the nominal value on its Series 001P-02 bonds
20th Oct 20209:30 amEQSLSR Group reports its operating results for the nine months of 2020
12th Oct 20205:40 pmEQSLSR Group announces public irrevocable offer for its Series 001P-02 bonds
12th Oct 20205:40 pmEQSLSR Group announces public irrevocable offer for its Series 001P-01 bonds
29th Sep 202012:00 pmEQSLSR Group makes twelfth coupon payment on its Series 001P-03 bonds
23rd Sep 20201:30 pmEQSPJSC LSR Group: LSR Group makes sixteenths coupon payment on its Series 001P-01 bonds
11th Sep 202011:30 amEQSPJSC LSR Group: PDMR transaction
28th Aug 20201:30 pmEQSPJSC LSR Group: LSR Group reports its financial results for the first half of 2020
28th Aug 20201:07 pmEQSPJSC LSR Group: Notice of EGM 2020
30th Jul 20201:18 pmEQSPJSC LSR Group: LSR Group makes third coupon payment on its Series 001P-05 bonds
22nd Jul 20201:00 pmEQSPJSC LSR Group: LSR Group makes thirteen coupon payment on its Series 001P-02 bonds
3rd Jul 202012:00 pmEQSPJSC LSR Group: ​​​​​​​LSR Group makes third coupon payment on its Series 001P-04 bonds
30th Jun 20201:30 pmEQSPJSC LSR Group: LSR Group makes eleventh coupon payment on its Series 001P-03 bonds
25th Jun 20201:00 pmEQSPJSC LSR Group: LSR Group makes fifteenth coupon payment on its Series 001P-01 bonds
26th May 20203:00 pmEQSPJSC LSR Group: LSR Group publishes its 2019 Sustainability Report
18th May 20204:40 pmEQSPJSC LSR Group: Publication of Prospectus and Charter
13th May 202010:00 amEQSPJSC LSR Group: LSR Group reports its operating results for the first quarter of 2020
13th May 20208:00 amEQSPJSC LSR Group: Results of the Board of Directors meeting
6th May 20204:36 pmRNSPrice Monitoring Extension
30th Apr 20201:00 pmEQSPJSC LSR Group: LSR Group makes second coupon payment on its Series 001P-05 bonds
29th Apr 20203:55 pmEQSPJSC LSR Group: Results of the Board of Directors Meeting
29th Apr 202011:55 amEQSPJSC LSR Group: LSR Group Publishes 2019 Annual Report
29th Apr 202011:45 amEQSPJSC LSR Group: Results of Annual General Meeting
22nd Apr 20201:00 pmEQSPJSC LSR Group:LSR Group makes twelfth coupon payment and redeems part of the nominal value on its Series 001P-02 bonds
3rd Apr 202011:00 amEQSPJSC LSR Group: LSR Group makes second coupon payment on its Series 001P-04 bonds
31st Mar 20201:00 pmEQSPJSC LSR Group: LSR Group makes tenth coupon payment on its Series 001P-03 bonds
26th Mar 20203:05 pmEQSPJSC LSR Group: ​​​​​​​LSR Group announces buyback programme
26th Mar 20203:05 pmEQSPJSC LSR Group: Notice of Annual General Meeting of shareholders and Dividend Recommendation
26th Mar 20206:40 amEQSPJSC LSR Group: Date and agenda of the Board of Directors meeting
25th Mar 20209:00 amEQSPJSC LSR Group: LSR Group makes fourteenth coupon payment and redeems part of the nominal value on its Series 001P-01 bonds
13th Mar 202012:51 pmEQSPJSC LSR Group: LSR Group announces financial results for the full year 2019
11th Mar 20204:41 pmRNSSecond Price Monitoring Extn
11th Mar 20204:35 pmRNSPrice Monitoring Extension
6th Mar 20206:46 amEQSPJSC LSR Group: Results of the Board of Directors meeting
3rd Mar 20204:35 pmRNSPrice Monitoring Extension
20th Feb 20204:35 pmRNSPrice Monitoring Extension
30th Jan 20209:20 amEQSPJSC LSR Group: LSR Group makes first coupon payment on its Series 001P-05 bonds
22nd Jan 20202:30 pmEQSPJSC LSR Group: LSR Group makes eleventh coupon payment on its Series 001P-02 bonds
21st Jan 20209:00 amEQSPJSC LSR Group: LSR Group reports its operating results for the fourth quarter and twelve months of FY 2019
9th Jan 20209:01 amEQSPJSC LSR Group: LSR Group makes first coupon payment on its Series 001P-04 bonds
31st Dec 201912:40 pmRNSSecond Price Monitoring Extn
31st Dec 201912:35 pmRNSPrice Monitoring Extension
31st Dec 20197:00 amEQSPJSC LSR Group: LSR Group makes ninth coupon payment on its Series 001P-03 bonds
25th Dec 20191:30 pmEQSPJSC LSR Group: LSR Group makes thirteenth coupon payment on its Series 001P-01 bonds
18th Dec 20192:55 pmEQSPJSC LSR Group: Results of the Board of Directors meeting
18th Nov 20194:41 pmRNSSecond Price Monitoring Extn
18th Nov 20194:35 pmRNSPrice Monitoring Extension
1st Nov 20194:35 pmRNSPrice Monitoring Extension
31st Oct 20191:00 pmEQSPJSC LSR Group: LSR Group Completes Placement of Bond Offering

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.