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REG - Etalon Group Limited - Etalon Group Launches Sales for 2nd Samotsvety Bld <Origin Href="QuoteRef">ETLNGq.L</Origin>

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RNS Number : 4465T
Etalon Group Limited
20 July 2015 
 
20 July 2015 
 
Etalon Group Launches Sales for the Second Residential Building of Samotsvety 
 
Etalon Group Limited ("Etalon Group" or "the Company"), one of Russia's
largest and longest-established development and construction companies,
announces that it has launched sales for the second residential building of
its Samotsvety project in St. Petersburg. The 10-11 storey building will
contain 646 flats and commercial premises, with a total NSA of 48 ths sqm. 
 
Based on interest expressed by customers prior to the official launch of
sales, the Company expects significant demand for apartments in the new
building. 
 
The Samotsvety project consists of four residential buildings of up to 11
storeys situated in central St. Petersburg on an eight-hectare land plot
bordering the Smolenka river embankment in the Vasileostrovskiy district.  The
project has a total planned NSA of 206 ths sqm, which includes 2,015 flats and
1,654 parking places.  The project is due to be completed in 2017. 
 
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: +7 499 918 3134 
 
E: vanderlip@em-comms.com 
 
About Etalon Group 
 
Founded in 1987 by Viacheslav Zarenkov, Etalon Group has become one of
Russia's largest development and construction corporations.  The Company
focuses on middle class residential real estate in the Moscow and St.
Petersburg metropolitan areas, where it operates through Etalon Invest and
LenSpetsSMU subsidiaries. With a 27-year history, Etalon Group has one of the
longest and most successful track records in the Russian real estate
industry. 
 
Since its inception, Etalon Group has commissioned 4.5 million sqm. Etalon
Group's CAGR for deliveries in 2010-2014 was 29%. 
 
Etalon Group's strong reputation among consumers supports its pre-sales
business model, which helps the Company to minimise external financing needs
for on-going projects while maintaining a secure liquidity position: net debt
as of 31 December 2014 was RUB 636 million. 
 
The Company is vertically integrated, which helps it to control costs, quality
and timing, as well as to demonstrate best-in-class profitability. Etalon
Group employs over 5,000 people, and its nationwide sales and marketing
network covers 36 Russian cities. 
 
As of 31 December 2014, Etalon Group's portfolio comprised 29 projects, with a
total of 3.11 million sqm of unsold net sellable area. Jones Lang LaSalle
valued this portfolio at RUB 104,286 million, a 17% increase in the market
value from YE 2013. 
 
For the year ended 31 December 2014, Etalon Group's new contract sales
totalled 457 ths sqm, or RUB 39,961 million. Deliveries in 2014 totalled 580
ths sqm. 
 
The Company recorded revenue of RUB 51.5 billion and EBITDA of RUB 10.6
billion, with an EBITDA margin of 21% for the year ended 31 December 2014. 
 
Etalon Group Limited's GDRs have been traded on the Main Market of the London
Stock Exchange since 20 April 2011. 
 
This information is provided by RNS
The company news service from the London Stock Exchange

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