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ETLN - Etalon News Story

$1.61 -0.1  -5.3%

Last Trade - 28/10/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £384.4m
Enterprise Value £617.3m
Revenue £839.1m
Position in Universe 590th / 1802

Etalon Group PLC - Etalon Group Delivers Schastye v Sadovnikakh

Thu 10th September, 2020 7:30am
RNS Number : 5939Y
Etalon Group PLC
10 September 2020
 

10 September 2020

 

Etalon Group Delivers Schastye v Sadovnikakh Project

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces the delivery of the Schastye v Sadovnikakh project, located in the southern administrative district of Moscow.

 

Schastye v Sadovnikakh is a 12-storey comfort-class building with underground parking and an enclosed landscaped courtyard. The total NSA of the project is 7 ths sqm, including 5 ths sqm of residential area. The project includes open-plan apartments with walk-in closets and verandas. Apartments on the upper floors have high ceilings and the option of installing fireplaces.

 

Near the project are Sadovniki park, the Kolomenskoe estate and Nagatinskaya embankment. The neighbourhood boasts developed infrastructure including a variety of stores, medical facilities, shopping malls and cinemas, schools and kindergartens. The nearest metro station, Nagatinskaya, is just 700 metres away. The project has good transport links, with easy access to Varshavskoe Shosse and Kashirskoe Shosse, Nagatinskaya embankment and the Third Transport Ring Road.

 

With the completion of Schastye v Sadovnikakh, Etalon Group has delivered 184 ths sqm year-to-date.

 

This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/

 

Etalon Group IR Team
T: +44 20 8123 1328
E:
ir@etalongroup.com   

 

EM
Sam VanDerlip
T:
+44 207 002 7859
E:
vanderlip@em-comms.com

 

About Etalon Group

 

Founded in 1987, Etalon Group is one of Russia's largest development and construction companies. The Company focuses on middle class residential real estate in the Moscow and St Petersburg metropolitan areas. With a more than 30-year history, Etalon Group has one of the longest and most successful track records in the Russian real estate industry. Since its foundation, Etalon Group has commissioned 7 million sqm of real estate.

 

The Company is vertically integrated, which helps it to control costs, quality and timing, as well as maintain best-in-class profitability. Etalon Group employs over 5,000 people, and its nationwide sales and marketing network covers 57 Russian cities.

 

In 2019, Etalon Group acquired and consolidated 100% in Leader-Invest, one of Moscow's largest residential developers by size of land bank and number of projects currently available for sale.

 

Etalon Group's total assets comprise 33 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 3.3 million sqm, as well as a construction and maintenance division. Colliers International valued the Company's total assets at RUB 188 billion as of 31 December 2019.

 

For the year ended 31 December 2019, Etalon Group's new contract sales totalled 630 ths sqm, or RUB 77.6 billion. Deliveries in 2019 amounted to 622 ths sqm.

 

The Company recorded a record revenue of RUB 84.3 billion and EBITDA of RUB 8.9 billion for the year ended 31 December 2019.

 

Etalon Group's GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011 and on the Level 1 List of Moscow Exchange since 31 January 2020 under the ticker ETLN.

 

 

 

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