LSR Group reports 2017 operating results

LSR Group Reports 4Q and 12M 2017 Operating Results

LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, is publishing operating results for the fourth quarter and twelve months of 2017.

Highlights:

· Full year new contract sales amounted to 640 th m2 (-6% y/y). Total value of the contracts was RUB 65.3 bn (-7% y/y).

· 4Q new contract sales stood at 216 th m2 (+26% y/y) with the value of the contracts reaching RUB 23.6 bn (+35% y/y).

· Average price per sqm reached RUB 109 th in 4Q (+7% y/y).

· Share of mortgage sales was 47% in 2017.

· During the year 780 th m2 launched to the market.

· Completions amounted to 909 th m2 (+15% y/y).

Full version of the press release is available in pdf-format.

http://www.rns-pdf.londonstockexchange.com/rns/9937B_-2018-1-16.pdf

Notes to Editors:

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 December 31, 2016 (according to Knight Frank), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.8m m2 with the market value of RUB 144bn. In 2016, the sales revenue of LSR Group amounted to RUB 98,072m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.

For more information please contact:

LSR Group Press Service

Tel.: +7 812 333 11 11

E-mail: [email protected] 

www.lsrgroup.ru