ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the results of a regular Board of Directors meeting held on 29 January 2021 in Moscow.
At the meeting, the Board of Directors, inter alia, reviewed a report by the Investor Relations and Information Disclosure Committee, which includes plans for further improving Etalon Group’s investor relations practices. In line with these plans, the Board of Directors decided to expand the composition of the Committee, appointing Nikolai Minashin, Managing Director for Investor Relations at AFK Sistema, as a new member.
The Investor Relations and Disclosure Committee now consists of the following members:
- Petr Kryuchkov, Chairman of the Committee, Director for Corporate Investment and Strategy;
- Dennis Vinokourov, Independent Non-Executive Director;
- Nikolai Minashin, Managing Director for Investor Relations, AFK Sistema.
Nikolai has many years of experience in the field of investor relations, including management positions at DOM.RF, OKEY Group and MTS. He has worked at AFK Sistema since 2018, where he is currently the managing director for investor relations. Nikolai graduated from the Moscow State Institute of International Relations (MGIMO) in 2005.
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/
T: +44 (0) 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 7.5 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 2020, Etalon Group’s new contract sales totalled 538 ths sqm, or RUB 79.9 billion. Deliveries in 2020 amounted to 540 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.