Etalon Group Publishes 2021 Annual ReportSource: RNS
29 April 2022
Etalon Group Publishes 2021 Annual Report
ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces that it has published its 2021 Annual Report today.
The Annual Report includes highlights from 2021, statements by the Chairman and the CEO, a report from the Board of Directors, sustainability reporting, consolidated financial statements, the parent company's financial statements and a corporate governance report. Etalon Group publishes its financial statements in accordance with the European Single Electronic Format reporting requirements in xHTML format.
The 2021 Annual Report is now available to view or download in pdf format from the Etalon Group website at https://www.etalongroup.com/investor-relations/annual-reports-and-accounts/, and a copy has been submitted to the National Storage Mechanism and will soon be available for review at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/
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About Etalon Group
Founded in 1987, Etalon Group is one of the largest development and construction companies in Russia. The Company focuses on middle class residential real estate in the Moscow and St Petersburg metropolitan areas. In 2021, the Company began a regional expansion programme and has already launched new projects in Omsk, the Novosibirsk region as well as Ekaterinburg and Tyumen. With a 35-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 7.9 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group is able to create 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 over 4,600 people, and its nationwide sales and marketing network covers 59 Russian cities.
Etalon Group's assets comprise 27 projects at the design and construction stages, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 6.0 mln sqm, as well as a construction and maintenance division. Colliers International valued the Company's total assets at RUB 270 billion as of 31 December 2021.
In 2021, Etalon Group's new contract sales totalled 446 ths sqm, or RUB 84.4 billion. The Company's revenue in 2021 amounted to RUB 87.1 billion, with EBITDA of RUB 17.9 billion.
Etalon Group's GDRs have traded on the Main Market of the London Stock Exchange since 20 April 2011 and in the Level 1 quotation list of Moscow Exchange since 31 January 2020 under the ticker ETLN.