LSR Group reports its operating results
for the fourth quarter and twelve months of FY 2022
The Group's completions reached 700 th. sqm, up 9% year-over-year.
St. Petersburg, Russia - 27 January 2023 - PJSC LSR Group ("LSR" or the "Company") (MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces its operating results for the fourth quarter and the twelve months ended 31 December 2022.
4Q 2022 Highlights:
- New contract sales amounted to RUB 29 billion, or 138 th. sqm;
- Share of mortgage sales amounted to 70%, up from 67% in 4Q 2021;
- Completions reached 209 th. sqm of net sellable area;
- New 188 th. sqm of net sellable area launched in the reporting period.
FY 2022 Highlights:
- New contract sales increased to RUB 93 billion, or 506 th. sqm;
- Share of mortgage sales amounted to 74%, up from 66% in 2021;
- Completions reached 700 th. sqm of net sellable area;
- New 733 th. sqm of net sellable area launched in the reporting period;
- Solid performance of building materials segment in line with the Company's expectations.
REAL ESTATE DEVELOPMENT
4Q 2022 | 4Q 2021 | 12M 2022 | 12M 2021 | |
New contract sales, '000 sqm | 138 | 176 | 506 | 613 |
New contract sales, RUB bn | 29 | 29 | 93 | 96 |
Completions, | 209 | 293 | 700 | 641 |
'000 sqm | ||||
1
Real Estate in St. Petersburg
4Q 2022 | 4Q 2021 | 12M 2022 | 12M 2021 | |
New contract sales, '000 sqm | 109 | 121 | 375 | 373 |
New contract sales, RUB bn | 18,6 | 19,3 | 62 | 57 |
Completions, | 110 | 185 | 272 | 410 |
'000 sqm | ||||
Real Estate in Moscow | ||||
4Q 2022 | 4Q 2021 | 12M 2022 | 12M 2021 | |
New contract sales, '000 sqm | 16 | 26 | 69 | 136 |
New contract sales, RUB bn | 9 | 7 | 25 | 31 |
Completions, | - | 45 | 286 | 120 |
'000 sqm | ||||
Real Estate in Yekaterinburg
4Q 2022 | 4Q 2021 | 12M 2022 | 12M 2021 | |
New contract sales, '000 sqm | 13 | 29 | 62 | 104 |
New contract sales, RUB bn | 1 | 3 | 6 | 9 |
Completions, | 100 | 63 | 142 | 112 |
'000 sqm | ||||
2
BUILDING MATERIALS
Product | 4Q 2022 | 4Q 2021 |
12M 2022 | 12M 2021 |
Crushed granite, '000 m3 | 1 660 | 1 837 |
7 662 | 6 737 |
Sand, '000 m3 | 940 | 1 805 |
5 662 | 6 238 |
Ready-mix concrete, '000 m3 | 150 | 205 |
743917
Bricks, mln units | 52 | 60 |
307308
Aerated concrete1, '000 m3 | 102 | 196 |
651770
***
For more information, please contact:
Department of Investor Relations and Sustainable Development
E-mail:IR@lsrgroup.ru
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 and real estate development and construction. LSR Group's main operations are located in St. Petersburg and the Leningrad Region, Moscow and the Moscow region and Yekaterinburg. As of 31 December 2021 (according to Knight Frank), the net sellable area of projects in LSR Group's real estate portfolio amounts to 9.4 million m2 with the market value of RUB 471 billion.
Ordinary shares of the Company are traded on the Moscow Exchange (MOEX: LSRG).
www.lsrgroup.ru
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions and that actual events or results may differ materially. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Company operates in, as well as many other risks specifically related to the Company and its operations.
1 Sales in Russian Federation
3
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
OJSC LSR Group published this content on 27 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2023 12:42:06 UTC.