REG - Etalon Group PLC - Etalon Delivers 540 ths sqm of NSA in 2020

EtalonAnnouncement

11/01/2021 07:30

RNS Number : 1537L
  
Etalon Group PLC
  
11 January 2021
  
 

11 January 2021 
 
Etalon Delivers 540 ths sqm of NSA in 2020
 
ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces that it delivered 540 ths sqm of net sellable area ("NSA") at 12 of its residential real estate development projects in 2020.
 
A breakdown of deliveries by project is provided below:
 



Project


2020 deliveries, NSA ths sqm




Moscow


 




Normandy


89




Silver Fountain


67




Schastye v Kuzminkakh


9




Schastye na Sokole


9




Schastye v Sadovnikakh


7




Schastye na Presne


6




Schastye v Kuskovo


6




Wings


0.4




Total, Moscow


193




St Petersburg


 




Galactica


139




Okhta House


134




Botanica


47




House on Kosmonavtov


26




Total, St Petersburg


347




Total


540









 
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/ 
 
Contact Information
 
Etalon Group
IR Team
T: +44 (0) 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 7.5 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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