REG - Etalon Group Limited - Etalon Grp Delivers 83 ths sqm of NSA at Em. Hills <Origin Href="QuoteRef">ETLNGq.L</Origin>

EtalonAnnouncement

29/10/2014 13:09

RNS Number : 6908U
Etalon Group Limited
20 October 2014
20 October 2014
Etalon Group Delivers 83 ths sqm of NSA at Emerald Hills
Etalon Group Limited ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces that it has delivered buildings number 5 and 6 at its Emerald Hills project. The two buildings, ranging from 23 to 25 stories high, contain 1,154 flats and a total NSA of 83.2 ths sqm.
The new buildings were completed precisely in line with Etalon Group's 2014 construction plan, which envisions total deliveries of 580 ths sqm, representing a 24% year-on-year increase over 2013. In June 2014 the Company already delivered 42 ths sqm of NSA at Emerald Hills, and total 2014 deliveries at the project are planned to reach 131 ths sqm. 
Emerald Hills is Etalon Group's flagship project in the Moscow Metropolitan Area, with over 862 ths sqm of residential NSA due to be delivered through 2018. The project is located in Krasnogorsk in an ecologically clean region just nine kilometres from the Moscow Ring Road. When completed, Emerald Hills will consist of 20 residential buildings, seven kindergartens, five schools, a medical clinic, a sports complex, underground and street-level parking areas and commercial premises.
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 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 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 cash as of 30 June 2014 was USD 10 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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