ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces the results of its latest meeting of the Board of Directors, held on 29 April 2022.
Dividends
In line with the approved dividend policy, which establishes the deadline for considering dividend payments as not later than 31 May of the year following the reporting period, the Board of Directors at its meeting considered the matter of dividend payments for 2021 in line with the time frames set out in the dividend policy.
The Board of Directors took into account the fact that, at the present time, due to the challenging geopolitical circumstances, certain sanctions provisions and mutual restrictions, including with respect to distribution of funds through international payment and clearing systems, could have a significant impact on the Company’s ability to pay out dividends in line with its existing dividend policy in respect of all groups of shareholders of the Company. Based on the principle of equal treatment of all shareholders, the Board of Directors decided to postpone consideration of the matter of dividend payments for 2021 until constraints currently in force are removed.
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.