ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the publication of its 2023 Annual Report.

The Group’s Annual Report includes an overview of key events and results for 2023, an address by the Company’s President Mikhail Buzulutsky, the report of the Board of Directors, the consolidated financial statements and separate accounts of the parent company, as well as the Company’s strategic initiatives and progress in the area of sustainability.

Etalon Group’s 2023 Annual Report in PDF format is available for viewing and downloading on the Company’s website: https://www.etalongroup.com/investor-relations/annual-reports-and-accounts/, .

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

IR Team
T: +44 (0) 20 8123 1328
E: ir@etalongroup.com

E: etalon@em-comms.com

Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.0 mln sqm of real estate.

Thanks to its integrated business model, Etalon Group creates 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 nearly 6,000 people, and its nationwide sales network covers 35 regions across Russia.

Etalon Group’s assets comprise 32 projects at the design and construction stages in eight regions, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.9 mln sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2023 was RUB 303 billion.

In 2023, Etalon Group's new contract sales totalled 547 ths sqm, or RUB 105.6 billion.

The Company's revenue in 2023 amounted to RUB 88.8 billion, with EBITDA of RUB 18.1 billion.

Etalon Group's GDRs are traded on Moscow Exchange (ticker ETLN), where they are included in the Level 1 quotation list.