ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the results of a regular Board of Directors meeting held on 29 January 2021 in Moscow.
At the meeting, the Board of Directors, inter alia, reviewed a report by the Investor Relations and Information Disclosure Committee, which includes plans for further improving Etalon Group’s investor relations practices. In line with these plans, the Board of Directors decided to expand the composition of the Committee, appointing Nikolai Minashin, Managing Director for Investor Relations at AFK Sistema, as a new member.
The Investor Relations and Disclosure Committee now consists of the following members:
- Petr Kryuchkov, Chairman of the Committee, Director for Corporate Investment and Strategy;
- Dennis Vinokourov, Independent Non-Executive Director;
- Nikolai Minashin, Managing Director for Investor Relations, AFK Sistema.
Biography:
Nikolai Minashin
Nikolai has many years of experience in the field of investor relations, including management positions at DOM.RF, OKEY Group and MTS. He has worked at AFK Sistema since 2018, where he is currently the managing director for investor relations. Nikolai graduated from the Moscow State Institute of International Relations (MGIMO) in 2005.
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.