ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, will publish its 1Q 2020 operating results on Friday, 17 April 2020.
The Company will host a conference call for investors and analysts on the same day at 14:00 London time (16:00 Moscow; 09:00 New York).
The results announcement and presentation will be published on the Company's website (www.etalongroup.com) on the day of the announcement, prior to the conference call.
On the call, the Etalon Group management team will present the Company’s 1Q 2020 operating results, FY 2019 IFRS financial results, and provide an update on the impact of the COVID-19 situation in Russia. Following the presentation there will be a question and answer session for participants.
+44 2071 928338 – Standard International
+44 844 481 9752 – London
+7 495 249 9851 – Moscow
+1 646 741 3167 – New York
Conference ID Code: 9577776
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 7 million sqm of real estate.
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 comprise 33 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 3.3 million sqm, as well as construction and maintenance division. Colliers International valued the Company’s total assets at RUB 188 billion as of 31 December 2019.
For the year ended 31 December 2019, Etalon Group’s new contract sales totalled 630 ths sqm, or RUB 77.6 billion. Deliveries in 2019 amounted to 622 ths sqm.
The Company recorded a record revenue of RUB 84.3 billion and EBITDA of RUB 8.9 billion for the year ended 31 December 2019.
Etalon Group’s GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011 and on the Level 1 List of Moscow Exchange since 31 January 2020 under the ticker ETLN.