REG - Etalon Group Limited - Etalon Group Lays Cornerstone for Unipres Factory <Origin Href="QuoteRef">ETLNGq.L</Origin>

EtalonAnnouncement

29/10/2014 13:24

RNS Number : 2199S
Etalon Group Limited
22 September 2014
22 September 2014
Etalon Group Lays Cornerstone for Unipres Factory
Etalon Group Limited ("Etalon Group" or the "Company"), one of Russia's largest and longest-established residential real estate developers, has launched construction of the Unipres Corporation automobile components factory in St. Petersburg with a cornerstone-laying ceremony attended by St. Petersburg Governor Georgy Poltavchenko, Unipres Corporation President Masanobu Yoshizawa,Nissan Europe Senior Vice President Colin Lawther and Etalon Group CEO Anton Evdokimov.
Etalon Group subsidiary EtalonPromstroy signed the general contractor agreement for the construction of the factory in July 2014. The project will consist of a 12,313 sqm manufacturing facility and a 3,588 sqm administrative building on a 4 hectare plot of land at the Nissan suppliers park in Kamenka.This is a turnkey project involving the full construction cycle, from engineering and geological surveying to design, preparation of the territory, construction, utility connections, as well as the installation and commissioning of manufacturing equipment. The project is due to be completed in 4Q 2015.
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: +7 499 918 3134
vanderlip@em-comms.com
About Etalon Group
Founded in 1987 by Viacheslav Zarenkov, Etalon Group has become one of Russia's largest residential real estatedevelopers. 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 realestate industry.
Since its inception, Etalon Group has commissioned 3.9 million sqm. The Company is currently implementing its post-IPO construction programme, which is on track to achieve fourfold growth in construction volumes between 2010 and 2016 (from 209 ths sqm to 800 ths sqm). Etalon Group's CAGR for deliveries in 2010-2013 was 31%.
Etalon Group's strong reputation among consumers supports its pre-sales business model, which helps the Company to minimise external financing needs for ongoing projects while maintaining a secure liquidity position: net debt as of 31 December 2013 was just USD 6 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 4,500 people, and its nationwide sales and marketing network covers 36 Russian cities.
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. 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 ths sqm, or RUB 30,227 million. Deliveries in 2013 totalled 468 ths sqm. The Company recorded revenue 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.
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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