REG - Etalon Group PLC - Etalon Group Named Systemically Important Company

EtalonAnnouncement

03/04/2020 07:30

RNS Number : 7107I
  
Etalon Group PLC
  
03 April 2020
  
 

3 April 2020
 
Etalon Group Named Systemically Important Company
 
ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces that its subsidiary Etalon Group Company AO has been included in the Russian Federation's list of systemically important companies.
 
Etalon Group Company AO was included in the updated list of systemically important companies by the Government of the Russian Federation following a recommendation by the Ministry of Construction to add developers with current residential construction volumes of over 500 ths sqm. According to the unified information system for residential construction, Etalon Group Company AO's current construction volume was 1 mln sqm at the end of March 2020.
 
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.
 


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