REG - Etalon Group PLC - Etalon Delivers Record Amount Real Estate in 2022

EtalonAnnouncement

13/01/2023 07:30

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RNS Number : 6531M  Etalon Group PLC  13 January 2023

13 January 2023

 

Etalon Delivers Record Amount of Real Estate in 2022

 

Etalon Group (the "Company"), one of Russia's largest and longest-established
development and construction companies, announces that it delivered 735 ths
sqm of net sellable area ("NSA") at 19 projects in 2022, a 74% increase
year-on-year and a record for the Company.

 

A breakdown of deliveries by project is provided below:

 

 Project                         2022 deliveries, NSA ths sqm
 Moscow
 Wings                           169
 Silver Fountain                 50
 Nagatino i-Land                 47
 Emerald Hills                   43
 Etalon City                     11
 Severny Kvartal                 9
 Schastye na Lomonosovskom       7
 Schastye na Semeyonovskoy       7
 Total, Moscow                   344
 St Petersburg
 Che Quarter                     110
 Galactica                       79
 Moscow Gates II                 47
 Novoorlovskiy                   43
 Domino                          29
 Inkeri                          14
 Tarmo                           10
 House on Blyukhera              4
 Total, St Petersburg            338
 Other regions
 Kazan: Green                    24
 Ekaterinburg: Rifei             19
 Sverdlovsk region: Baltym Park  10
 Total, other regions            53
 Total                           735

 

Commenting on the high amount of NSA⁠ delivered, Etalon Group CEO Gennadiy
Shcherbina said:

 

"In 2022, we completed the construction of almost 735 ths sqm of NSA, setting
a new record for deliveries and considerably bolstering our position among
Russia's five largest developers. Over the past few years, we have expanded
our project portfolio and geographic footprint considerably: we are building
new projects in five promising regional markets, and in May 2022 we completed
a lucrative deal to acquire YIT Russia. Thanks to intense organic and
inorganic growth, we were able to deliver a record amount of real estate by
the end of the year, including in new regions - Kazan, Ekaterinburg and the
Sverdlovsk region. We expect our efforts to improve business efficiency in our
key markets and our successful launch in regions beyond Moscow and St
Petersburg to provide the impetus for further expansion and to enable us to
achieve our ambitious strategic goals."

 

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

 

Contact Information

 

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: ir@etalongroup.com (mailto:ir@etalongroup.com)

 

EM

E: etalon@em-comms.com (mailto:etalon@em-comms.com)

 

About Etalon Group

Founded in 1987, Etalon Group is one of the largest development and
construction companies in Russia. The Company focuses on middle class
residential real estate in the Moscow and St Petersburg metropolitan areas. In
2021, the Company began a regional expansion programme and has already
launched new projects in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen
and Kazan. With a 35-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 8.6 million sqm of real estate.

Thanks to its integrated business model, Etalon Group is able to create added
value for customers and shareholders at every stage of development, from land
plot analysis and acquisition to the operation and maintenance of existing
properties. Etalon Group employs over 4,600 people, and its nationwide sales
and marketing network covers 59 Russian cities.

Etalon Group's assets comprise 27 projects at the design and construction
stages, unsold inventory at completed residential complexes and commercial
properties, with total unsold NSA of 6.0 mln sqm, as well as a construction
and maintenance division. Colliers International valued the Company's total
assets at RUB 270 billion as of 31 December 2021.

In 2021, Etalon Group's new contract sales totalled 446 ths sqm, or RUB 84.4
billion. The Company's revenue in 2021 amounted to RUB 87.1 billion, with
EBITDA of RUB 17.9 billion.

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

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