Etalon Group (the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that it delivered 735 ths sqm of net sellable area (“NSA”) at 19 projects in 2022, a 74% increase year-on-year and a record for the Company.
A breakdown of deliveries by project is provided below:
| Project | 2022 Deliveries, NSA ths sqm |
|---|---|
| Moscow | |
| Wings | 169 |
| Silver Fountain | 50 |
| Nagatino i-Land | 47 |
| Emerald Hills | 43 |
| Etalon City | 11 |
| Severny Kvartal | 9 |
| Schastye na Lomonosovskom | 7 |
| Schastye na Semeyonovskoy | 7 |
| Total, Moscow | 344 |
| St Petersburg | |
| Che Quarter | 110 |
| Galactica | 79 |
| Moscow Gates II | 47 |
| Novoorlovskiy | 43 |
| Domino | 29 |
| Inkeri | 14 |
| Tarmo | 10 |
| House on Blyukhera | 4 |
| Total, St Petersburg | 338 |
| Other regions | |
| Kazan: Green | 24 |
| Ekaterinburg: Rifei | 19 |
| Sverdlovsk region: Baltym Park | 10 |
| Total, other regions | 53 |
| Total | 735 |
Commenting on the high amount of NSA delivered, Etalon Group CEO Gennadiy Shcherbina said:
“In 2022, we completed the construction of almost 735 ths sqm of NSA, setting a new record for deliveries and considerably bolstering our position among Russia’s five largest developers. Over the past few years, we have expanded our project portfolio and geographic footprint considerably: we are building new projects in five promising regional markets, and in May 2022 we completed a lucrative deal to acquire YIT Russia. Thanks to intense organic and inorganic growth, we were able to deliver a record amount of real estate by the end of the year, including in new regions – Kazan, Ekaterinburg and the Sverdlovsk region. We expect our efforts to improve business efficiency in our key markets and our successful launch in regions beyond Moscow and St Petersburg to provide the impetus for further expansion and to enable us to achieve our ambitious strategic goals.”
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.2 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates 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 more than 6,000 people.
Etalon Group’s total assets comprise 27 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2024 was RUB 305 billion.
In 2024, Etalon Group’s new contract sales totalled 699 ths sqm, or RUB 146.2 billion.
The Company’s revenue in 2024 amounted to RUB 131 billion, with EBITDA of RUB 27.6 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.