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ETLN - Etalon News Story

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Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £337.4m
Enterprise Value £582.1m
Revenue £881.8m
Position in Universe 618th / 1819

Etalon Group PLC - Etalon Launches Project on Beloostrovskaya Street

Thu 2nd July, 2020 7:30am
RNS Number : 7848R
Etalon Group PLC
02 July 2020
 

 

2 July 2020

 

Etalon Launches Sales for Project on Beloostrovskaya Street

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces the launch of a comfort class project on Beloostrovskaya Street in the Primorskiy district of St Petersburg.

 

This project, named Domino, consists of a 10-storey building with underground and ground-level parking for 219 cars. The expected NSA of the project is 29 ths sqm, including 20 ths sqm of residential area. The Domino residential complex offers apartments with a wide range of layouts, most of which are equipped with spacious balconies or loggias. Customers may also choose from apartments with panoramic windows. A special feature of this project is a closed courtyard that is free from cars, with a playground, a sports ground, a recreational area and an amphitheatre.

 

The Domino residential complex is located in a charming neighbourhood not far from the Chernaya Rechka Embankment. The Saltykovskiy Garden, Stroganovskiy Park and Ushakovskaya Embankment are all nearby as well. The project boasts good transport accessibility, with several public transport stops and the Chernaya Rechka metro station within 7 minutes' walk. The residential complex also has convenient exits to Primorskiy Prospekt and the Western High-Speed Diameter (WHSD), enabling residents of the complex to quickly reach other districts and resort towns around St Petersburg.

 

Etalon Group plans to complete the project in 4Q 2022.

 

This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/ru/investoram/novosti/

 

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.

 


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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