business overview

In 2023, the Company completed the process of changing the depositary bank for its GDR programme and obtained primary listing status on Moscow Exchange.

In December, the General Meeting of Shareholders approved the Company’s redomiciliation to Russia.

In May 2022, the Сompany completed a lucrative transaction to acquire YIT Russia that included 19 projects at the design and construction phases in five regions of Russia.

In 2021, the Company started a regional expansion programme and launched a successful SPO that raised over USD 150 million for the expansion of its project portfolio and business development.

Etalon Group's global depositary receipts (GDRs) started trading on the Level 1 List of Moscow Exchange on February 3, 2020.

Etalon Group acquired and consolidated 100% in Leader-Invest, consolidated 100% of the ZIL-Yug project.

In 2019, Sistema PJSFC became Etalon Group's largest shareholder by acquiring 25% of the capital from the founding shareholder.

Etalon Group receives construction permit and launches sales for its business-class residential project on Petrovskiy Island in St Petersburg.

Etalon Group set another record of sales under contracts in rubles and sq. m. the Board of Directors increased the target range of dividend payments to 40-70% of consolidated net profit.

We launched sales at two business-class projects: Botanica in St Petersburg and Silver Fountain in Moscow.

New contract sales reached 496 ths sqm and RUB 47.4 billion, setting new records for annual sales in the Company’s history.

Etalon Group outperformed its guidance despite the challenging macroeconomic environment. The Company began construction of the Golden Star residential complex, which is the Company’s third project in Moscow.

Etalon Group deliveries reach 580 ths sqm, an all-time record for the Company.

Etalon Group completes ExpoForum, one of the largest commercial construction projects in St Petersburg.

Etalon Group delivers 468 ths sqm of NSA.The Board of Directors approved a dividend policy, under which the company will aim to pay out between 15% and 30% of IFRS net profit.

Etalon Group completes its post-IPO acquisition programme, acquiring two projects each in the Moscow and St Petersburg Metropolitan Areas.

This added another 887 thousand sqm to our landbank, securing Etalon's construction programme through 2017.

Etalon Group successfully completed an IPO, listing GDRs on the Main Market of the London Stock Exchange in April 2011.

The IPO raised $575 million and becoming the first real estate company from Russia to go public since 2007.

Etalon Group commences Etalon-City, our second project in the Moscow Metropolitan Area.

Etalon Group acquires a 70% stake in LLC Severnaya Vysota I K (currently, UM Etalon), a company engaged in the construction of tower cranes under finance lease contracts, thereby increasing its stake from 30% to 100%.

SPM Zhilstroy is acquired. The company acts as the general contractor for Emerald Hills, Etalon Group's flagship project in the Moscow Metropolitan Area.

20^th anniversary. In 2007, Etalon LenSpetsSMU began construction of the residential complex Jubilee Estate, one of its megaprojects and the first integrated urban development project.

Etalon Group expands into the Moscow Metropolitan Area by establishing Etalon-Invest.

Etalon Group becomes the first Russian construction company to get a credit rating from Standard & Poor’s Global Ratings.

First mortgage programme is established in partnership with Rosbank. Etalon Group’s residential real estate delivery volume exceeds 1 mln sqm.