PJSC LSR Group: LSR Group reports its operating results for the fourth quarter and twelve months of 2018

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PJSC LSR Group (LSRG) 
PJSC LSR Group: LSR Group reports its operating results for the fourth 
quarter and twelve months of 2018 
 
28-Jan-2019 / 09:11 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                  LSR Group reports its operating results 
 
              for the fourth quarter and twelve months of 2018 
 
A new contract sales high of RUB 93 bln with a total of over one million sqm 
                                  in 2018 
 
   reflecting a strengthened competitive position and balanced portfolio 
 
? Outperformed guidance by 9.5% on new contract sales - up 44% 
year-on-year to 1,002 th. sqm, or 920 th. sqm, excluding parking space, 
reaching RUB 93 billion, up 38% year-on-year, or RUB 90 billion, 
respectively. 
 
? Average price per sqm of RUB 93,000 (RUB 98,000 excl. parking), 
reflecting higher sales in the St. Petersburg mass-market real estate 
segment. 
 
? 684 th. sqm (620 th. sqm excl. parking) launched across all market 
segments. 
 
? Completions of 1,009 th. sqm of net sellable area (888 th. sqm excluding 
parking). 
 
? Share of mortgage sales amounted to 53% compared to 47% in 2017. 
 
? Completion of 144 th. sqm (105 th. sqm excl. parking) of the ZILART 
project in Moscow. 
 
? In the fourth quarter, LSR entered the apartment market through the 
NEOPARK project and the launch of a large-scale mass market project 
Ruchyi, St. Petersburg. 
 
? Strong performance by the Building Materials business segment: sales of 
crushed granite and sand increased by 26% year-on-year and 41% 
year-on-year, respectively; and a record high sale of 1.1 mln m3 of 
ready-mix concrete. 
 
Full version of the press release is available in PDF-format. 
 
                                        For more information please contact: 
 
                                                                   Igor Tsoy 
 
                                              Director of Investor Relations 
 
                                                      E-mail: [e-mail] 
 
About LSR Group: 
 
  PJSC LSR Group is a real estate development and building materials company 
 founded in 1993 and operating in a number of complementary market segments. 
   Its core business areas are production of building materials, real estate 
development and prefab construction. LSR Group's main operations are located 
         in St. Petersburg, Moscow and Yekaterinburg. As of 31 December 2017 
   (according to Knight Frank), the net sellable area of the projects in LSR 
  Group's real estate portfolio is equal to 8.6m m2 with the market value of 
     RUB 185 billion. LSR Group reported sales revenue of RUB 51,696 million 
(IFRS) for the first six months of 2018. LSR Group is a public company, with 
 its GDRs traded on the London Stock Exchange and its ordinary shares traded 
                                     on the Moscow Exchange. www.lsrgroup.ru 
 
Attachment 
 
Document title: LSR Group reports its operating results for the fourth 
quarter and twelve months of 2018 
Document: http://n.eqs.com/c/fncls.ssp?u=GOCSXSELSP [1] 
 
ISIN:          US50218G2066 
Category Code: MSCH 
TIDM:          LSRG 
LEI Code:      25340067LEEMJ79K8X43 
Sequence No.:  7265 
EQS News ID:   769893 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=6985a00243842c43383fe3daf5554940&application_id=769893&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

January 28, 2019 03:11 ET (08:11 GMT)