LSR Group Reports 1H 2016 Operating Results

LSR Group Reports First Half 2016 Operating Results

LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, is publishing the operating results for the first half of 2016.

1H 2016 Operational Highlights

Real Estate Development and Construction:

• New contract sales increased 60% y/y in 1H and 32% y/y in 2Q by volume on the back of expanding Moscow presence and new launches. Value of the contracts reached RUB 16,7 bn in 2Q.

• Average selling price grew by 9% y/y in 1H and 14% y/y in 2Q on the back of greater Moscow share in sales mix.

• Moscow share in new contract sales continued to break record highs, with new contract sales reaching RUB 7,9 bn in 2Q (47% of total sales).

• A total of 322 thousand m2 of new housing was brought to the market in 1H.

• Construction segment delivered 484 thousand m2 in 1H.

Building materials:

• Challenging macroeconomic environment and low construction activity persist.

• Ready-mix concrete sales were affected the most and declined 26% y/y in 1H.

• Crushed granite sales were supported by M-11 highway construction and increased 16% y/y in 1H.

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

http://www.rns-pdf.londonstockexchange.com/rns/1687E_-2016-7-14.pdf 

Notes to Editors:

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, 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