LSR Group announces 2015 financial results

LSR Group announces 2015 financial results

In 2015 LSR Group generated RUB 86,830m of revenues and RUB 18,633m of EBITDA

· Sales revenue decreased by 6%, to RUB 86,830m

· EBITDA decreased by 14%, to RUB 18,633m

· EBITDA margin was 21%

· Profit for the year increased by 16%, to RUB 10,646m

· Earnings per share amounted to RUB 104.6

· Total debt increased by 21%, to RUB 33,018m. Net debt was RUB 12,584m 

· Net debt/EBITDA ratio was 0.68

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

"For the first time in LSR Group's history our profit exceeded RUB 10 billion. We have reached this important milestone by consistently investing in our businesses over the past two decades and earning a solid reputation as a reliable homebuilder. We feel we have ended 2015 in a much stronger competitive position and expect to boost both sales and market shares in 2016 as the housing market rebounds. Thus, we continue to launch new attractive projects in various price segments in Moscow, St. Petersburg and Yekaterinburg. To reward our investors for their loyalty, the BoD has again recommended paying out RUB 8 billion in dividends. This will mark LSR Group's sixth straight year of paying dividends, which have grown or remained stable ever since, a track record we are very proud of".

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

 http://www.rns-pdf.londonstockexchange.com/rns/4309S_-2016-3-17.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, 2015 (according to Knight Frank), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 9.3m m2 with the market value of RUB 136bn. In 2015, the sales revenue of LSR Group amounted to RUB 86,830m (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