Etalon Group Limited (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has delivered two residential buildings, two multilevel parking garages and an office centre at its Tsar’s Capital project in St. Petersburg. The total NSA of the buildings is 51 ths sqm, which includes 411 apartments and 600 parking places.
With delivery of this fourth and final phase of Tsar’s Capital, Etalon Group has successfully completed the project.
Tsar’s Capital is one of the biggest projects in Etalon Group’s St. Petersburg portfolio and one of the largest residential complexes constructed in the central district of St. Petersburg in recent years. Located a few steps away from city’s main thoroughfare, Nevsky Prospect, the project has a total NSA of 390 ths sqm and comprises 15 residential buildings with 4,065 apartments, two office centres and eight stand-alone multilevel parking garages. Construction at Tsar’s Capital started in 2013, with the first three buildings completed the same year. In 2014 and 2015 Etalon Group delivered 107 ths sqm and 160 ths sqm of NSA at the project, respectively.
This and other recent announcements are available on the Etalon Group website: www.etalongroup.com/investors/news/
Etalon Group IR Team
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About Etalon Group
Founded in 1987 by Viacheslav Zarenkov, Etalon Group has become one of Russia's largest development and construction corporations. The Company focuses on middle class residential real estate in the Moscow and St. Petersburg metropolitan areas, where it operates through Etalon Invest and LenSpetsSMU subsidiaries. With a 29-year history, Etalon Group has one of the longest and most successful track records in the Russian real estate industry.
Since its inception, Etalon Group has commissioned 5 million sqm. Etalon Group's CAGR for deliveries in 2010-2015 was 19%.
Etalon Group's strong reputation among consumers supports its pre-sales business model, which helps the Company to minimise external financing needs for on-going projects while maintaining a secure liquidity position: net debt as of 31 December 2015 was RUB 7,397 million.
The Company is vertically integrated, which helps it to control costs, quality and timing, as well as to demonstrate best-in-class profitability. Etalon Group employs 5,000 people, and its nationwide sales and marketing network covers 37 Russian cities.
As of 31 December 2015, Etalon Group's portfolio comprised 28 projects, with a total of 2.72 million sqm of unsold net sellable area. JLL valued this portfolio at RUB 104,384 million.
For the year ended 31 December 2015, Etalon Group's new contract sales totalled 385 ths sqm, or RUB 35,080 million. Deliveries in 2015 totalled 502 ths sqm.
The Company recorded revenue of RUB 42.4 billion and EBITDA of RUB 7.7 billion for the year ended 31 December 2015.
Etalon Group Limited's GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011.
9 December 2016