ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that the value of new contracts in January 2024 amounted to RUB 12.5 billion (up 285% compared with January 2023), while sales in terms of floor space reached 51.1 ths sqm (up 175% compared with January 2023), which is higher than January figures from previous years.
Commenting on the results for January 2024, Etalon Group CEO Gennadiy Shcherbina said:
“Despite the challenging environment because of the high key rate, our sales in January beat the market and our own targets. The value of new contracts quadrupled year-on-year and, contrary to seasonal trends, exceeded the monthly average from the second half of last year by 5%. We enjoyed a severalfold increase in housing sales in regional markets and in our largest Moscow projects.
“Our strong results at the beginning of the year were driven by regional diversification, the variety of housing classes on offer and a comprehensive set of government mortgage subsidy programmes. We see potential in maintaining a diversified portfolio and in further regional expansion.”
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 38 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 9.7 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 42 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 2025 was RUB 318 billion.
In 2025, Etalon Group’s new contract sales totalled 671 ths sqm, or RUB 153.5 billion.
The Company’s revenue in 2025 amounted to RUB 154 billion, with EBITDA of RUB 31 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.