New contract sales reached 496 ths sqm and RUB 47.4 bln, setting new records for annual sales in the Company’s history.
Etalon Group outperformed its guidance despite the challenging macroeconomic environment.
Etalon Group deliveries reach 580 ths sqm of NSA, an all-time record for the Company.
Etalon Group completes ExpoForum, one of the largest commercial construction projects in Saint Petersburg.
Etalon Group delivers 468 ths sqm of NSA.
The Board of Directors approved a dividend policy, under which the company will aim to pay out between 15% and 30% of IFRS net profit.
Etalon Group completes its post-IPO acquisition programme, acquiring two projects each in the Moscow and St. Petersburg Metropolitan Areas. This added another 887 thousand sqm to our landbank, securing Etalon's construction programme through 2017.
Etalon Group successfully completed an IPO, listing GDRs on the Main Market of the London Stock Exchange in April 2011. The IPO raised $575 million and becoming the first real estate company from Russia to go public since 2007.
Etalon Group commences Etalon-City, our second project in the Moscow Metropolitan Area.
Etalon Group acquires a 70% percent stake in LLC Severnaya Vysota I K (currently, UM Etalon), a company engaged in the construction of tower cranes under finance lease contracts, thereby increasing its stake from 30% to 100%.
SPM Zhilstroy is acquired. The company acts as the general contractor for Emerald Hills, Etalon Group's flagship project in the Moscow Metropolitan Area
Baring Vostok becomes a cornerstone investor in Etalon Group by acquiring a 15% stake in the company and providing expansion capital.
Etalon Group expands into the Moscow Metropolitan Area by establishing Etalon-Invest, a real estate development company based in the area.
First mortgage programme is established in partnership with Rosbank.
EtalonPromstroy, an industrial construction subsidiary, is established.
EtalonProekt, an in-house architecture and design centre, is established.
Aktiv, an entity engaged in leasing construction equipment and machinery to the Group companies and third parties, is established.
TSUN, a primary real estate broker, is established.
The company begins to take significant steps towards implementing a vertically integrated structure. Management Company Etalon is established to optimise the management structure of the company's operations.ZSM Etalon is integrated into the group structure to consolidate brick production facilities.
Investments in construction materials production business are made to supply the needs of the company's growing development process. Brick production facilities are acquired in the Leningrad region.
SSMU-Reconstruktisiya, a construction subsidiary, is established.
The company begins expanding its operations through strategic acquisitions and establishing new subsidiaries. SMU Electronstroy is acquired. The company is primarily engaged in production of ready-mix concrete, reinforced concrete structures and aerated concrete.
The first major real estate development project is commissioned.
LenSpetsSMU is reorganised into CJCS LenSpetsSMU.
The state-owned LSCMD is reorganised into a cooperative privately owned enterprise, LenSpetsSMU.
The Soviet Ministry of Electronics forms Leningrad Special Construction and Maintenance Directorate ("LSCMD"). Headed by Etalon Group's founding shareholder Viacheslav Zarenkov, LSCMD is a special unit within the Ministry primarily engaged in providing construction and maintenance services in the North-West region of Russia.