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LSR Group

August 29, 2023

LSR Group announces financial results for the first half of 2023

St. Petersburg, Russia – 29 August 2023 – PJSC LSR Group (“LSR” or the “Company”) (MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces its consolidated IFRS results for the first six months ended 30 June 2023.

1H 2023 Group’s Financial Results:

  • Revenue reached RUB 74,809 million;

  • Adjusted EBITDA reached RUB 19,628 million;

  • Operating profit was RUB 12,825;

  • Profit for the first six months of 2023 was RUB 1,735 million;

  • Basic earnings per share was RUB 17.93;

  • Cash inflow from operating activities was RUB 15,185 million[1];

  • Cash balance of RUB 118,847 million, including cash on escrow accounts.

REAL ESTATE DEVELOPMENT AND CONSTRUCTION

 

St. Petersburg

Moscow

Yekaterinburg

Completed (‘000 sqm)

333

62

-

New contract sales (‘000 sqm)

244

84

53

Revenue (RUB m)

33,639

22,458

5,494

Adjusted EBITDA (RUB m)

12,601

6,296

903

Operating profit (RUB m)

12,384

3,151

823

BUILDING MATERIALS

 

Sales volume

Revenue (RUB m)

Adjusted EBITDA (RUB m)

Operating profit

(RUB m)

Total

-

11,306

2,440

1,898

Crushed granite, ‘000 m3

3,730

3,283

511

395

Sand, ‘000 m3

2,310

790

252

210

Ready-mix concrete, ‘000 m3

271

1,302

(22)

(26)

Bricks, million units

143

2,354

916

677

Aerated concrete, ‘000 m3

369

1,652

571

472

***

The complete consolidated interim financial statements of LSR Group for 1H 2023 are available at https://www.lsrgroup.ru/en/investor-relations/ifrs-reports.


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