ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it has completed the Fusion residential complex in the Vyborgskiy district of St Petersburg. The project has a total NSA of 14 ths sqm, including 10 ths sqm of residential area.
Fusion is a nine-storey business-class building with underground parking and a built-in preschool. In this project, Etalon Group adopted a number of innovative solutions, including the most advanced security systems and cutting-edge smart home technologies. The complex is located on Krapivniy pereulok, near the historic centre of St Petersburg and the Neva Embankment. One of the project’s advantages is its proximity to nearby green spaces, such as the Grenaderskiy, Sampsonievskiy and Botanical Gardens.
Fusion offers convenient access to major transport routes, including the Vyborgskaya metro station, which is only a five-minute walk from the complex, as well as Vyborgskaya Embankment, Bolshoy Sampsonievskiy Prospekt and Lesnoy Prospekt.
With the completion of Fusion, Etalon Group has now delivered 363 ths sqm of NSA since the beginning of 2019.
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/
Etalon Group IR Team
T: +44 20 8123 1328
T: +44 207 002 7859
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 6.3 million sqm of real estate.
Etalon Group’s traditionally conservative approach to managing its financial position, solid cash generation and strict working capital management support a secure liquidity position: net cash as of 31 December 2018 was RUB 2.2 billion.
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 58 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, including the aforementioned consolidation and 100% ownership of ZIL-Yug project, comprise 53 projects under development, completed residential and commercial properties, as well as a construction and maintenance division, with total unsold NSA of 4.0 million sqm. Knight Frank valued the Company’s total assets at RUB 206,071 million as of 31 December 2018.
For the year ended 31 December 2018, Etalon Group’s new contract sales totalled 628 ths sqm, or RUB 68,731 million. Deliveries in 2018 amounted to 479 ths sqm.
The Company recorded revenue of RUB 72.3 billion and EBITDA of RUB 5.7 billion for the year ended 31 December 2018.
Etalon Group’s GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011.