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ETLN - Etalon News Story

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Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £329.0m
Enterprise Value £569.9m
Revenue £868.1m
Position in Universe 620th / 1816

Etalon Group PLC - Etalon Group FY 2019 Financial Results Date

Mon 6th April, 2020 11:00am
RNS Number : 8871I
Etalon Group PLC
06 April 2020
 

6 April 2020

 

Etalon Group FY 2019 Financial Results Date

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, will publish its FY 2019 consolidated IFRS financial statements on Tuesday, 7 April 2020.

 

Etalon Group's management team will present the Company's FY 2019 financial results, together with its 1Q 2020 operating performance, during a conference call and webcast for investors and analysts scheduled for mid-April. Dial in and webcast details will be provided prior to the call.

 

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 58 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 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 revenue of RUB 72.3 billion and EBITDA of RUB 5.7 billion for the year ended 31 December 2018.

 

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.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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