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ETLN - Etalon News Story

$1.6 -0.0  -1.2%

Last Trade - 23/09/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £371.0m
Enterprise Value £609.9m
Revenue £861.0m
Position in Universe 593rd / 1807

Etalon Group Limited - Etalon Group 1H 2014 Operating Results Date

Thu 10th July, 2014 7:00am
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RNS Number : 9187L
Etalon Group Limited
10 July 2014 
 
Etalon Group 1H 2014 Operating Results Date 
 
Etalon Group will publish its 1H 2014 operating results on Tuesday, 15 July
2014. The Company will host a conference call for investors and analysts on
the same day at 13:00 London time (16:00 Moscow; 08:00 New York). 
 
The results announcement and presentation will be published on Company's
website (www.etalongroup.com) on the day of the announcement, prior to the
conference call. 
 
On the call, Etalon Group President Viacheslav Zarenkov, CEO Anton Evdokimov,
CFO Boris Svetlichny and Head of Corporate Investments and Investor Relations
Kirill Bagachenko will present the 1H 2014 operating results, followed by a
question and answer session for participants. 
 
Webcast 
 
http://www.media-server.com/m/p/mrn6mfkt 
 
Toll numbers: 
 
+44 20 3037 9374 - London 
 
+7 499 272 4337 - Moscow 
 
 
+1 646 843 4608 - New York 
 
Toll free numbers: 
 
8 10 8002 4902044 - Russia (from Moscow only) 
 
0808 109 0700 - UK 
 
1 866 966 5335 - USA 
 
Conference Call Password: Etalon 
 
This and other recent announcements are available on the Etalon Group website:
http://www.etalongroup.com/investors/news/ 
 
Etalon Group IR Team 
 
T: +44 20 8123 1328 
 
E: info@etalongroup.com 
 
EM 
 
Sam VanDerlip 
 
T: +44 7554 993 032 
 
T: +7 916 306 6112 
 
vanderlip@em-comms.com 
 
About Etalon Group 
 
History and Overview 
 
Founded in 1987 by Viacheslav Zarenkov, Etalon Group has become one of
Russia's largest residential real estate developers. With a more than 25-year
history, the Company has one of the longest and most successful track records
in the Russian real estate industry. 
 
Today Etalon Group is a leading player in Russia's "Golden Triangle" - St
Petersburg, Moscow and the greater Moscow area, with a dominant position in
the "comfort class" segment.  The Company's strong foothold in these markets
is reinforced further by its unique nationwide sales network covering 9 of the
10 wealthiest regions of Russia, and spanning 30 cities in total.  The sales
network generates up to 30% of Etalon Group's revenue, and has been an
important source of stable demand even throughout the crisis. 
 
Etalon Group is one of the only truly vertically integrated businesses in the
Russian real estate sector.  The Company does everything from acquiring land
to sales and cash collections from its customers, which enables it to maximise
margins throughout the value chain, and reduces exposure to cost inflation
from external service providers.  Etalon Group is a company of scale, with a
total of 40 business units that employ over 4,000 people, two strong
construction management companies, five general contractors, 16
subcontractors, a crane company, a brick factory and a nationwide sales
network. 
 
Etalon Group's strong financial position is driven by its effective pre-sales
business model. The Company aims to pre-sell 70-90% of all residential space
before a building is delivered. It also targets an average down payment of
50%. This allows Etalon Group to finance the construction process using money
from customers, as opposed to using the loans or funding from shareholders. 
 
In addition to homebuilding, Etalon Group's long history and superior quality
offering has helped it to become a trusted industrial construction partner for
clients like General Motors, Toyota, Ford Motors, Bosch, Siemens, Nissan,
Suzuki and Gazprom in northwest Russia. 
 
Since 20 April 2011, Etalon Group Limited has had its GDRs traded on the Main
Market of the London Stock Exchange. 
 
Operational and Financial Highlights 
 
As of 31 December 2013, Etalon Group's portfolio comprised 28 projects, with a
total of 3.44 million sqm of unsold net sellable area ("NSA") in the St.
Petersburg and Moscow Metropolitan Areas. Jones Lang LaSalle valued this
portfolio at USD 2,727 million, a 15% increase in the market value from YE
2012. 
 
For the year ended 31 December 2013, Etalon Group's new contract sales
totalled 356,075 sqm, or RUB 30,227 million. Deliveries in 2013 totalled 468
thousand sqm. 
 
The Company recorded revenues of RUB 39.9 billion and EBITDA of RUB 9.4
billion, with an EBITDA margin of 24% for the year ended 31 December 2013,
making it one of the most profitable players in the sector. 
 
Etalon Group's net debt position at 31 December 2013 was RUB 182 million,
leaving it well positioned to fund continued dynamic growth. 
 
This information is provided by RNS
The company news service from the London Stock Exchange
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