Etalon Delivers 540 ths sqm of NSA in 2020

11 January 2021

ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it delivered 540 ths sqm of net sellable area (“NSA”) at 12 of its residential real estate development projects in 2020.

A breakdown of deliveries by project is provided below:

Project2020 Deliveries, NSA ths sqm
Moscow
Normandy89
Silver Fountain67
Schastye v Kuzminkakh9
Schastye na Sokole9
Schastye v Sadovnikakh7
Schastye na Presne6
Schastye v Kuskovo6
Wings0.4
Total, Moscow 193
St Petersburg
Galactica139
Okhta House134
Botanica47
House on Kosmonavtov26
Total, St Petersburg347
Total540

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

Contact Information

Etalon Group IR Team

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

EM

Sam VanDerlip
T: +44 207 002 7859
E: vanderlip@em-comms.com

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 7.5 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 57 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 a 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.