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LSR Group

March 19, 2014

LSR Group publishes Full Year 2013 financial results

In 2013 LSR Group generated RUB 65,316m of revenues and RUB 14,156m of EBITDA

•    Sales revenue increased by 7%, up to RUB 65,316m
•    EBITDA increased by 6%, up to RUB 14,156m
•    EBITDA margin was 22%
•    Total comprehensive income increased by 8%, up to RUB 5,321m
•    Earnings per share amounted to RUB 50.58
•    Total debt reduced by 14%
•    Net debt/EBITDA ratio decreased from 2.7 to 2.0
Aleksandr Vakhmistrov, CEO and Chairman of the Executive Committee of LSR Group comments:
In 2013, we not only recorded growth of our key financial results but also increased margins in certain businesses, successfully completed several investment projects, maintained and strengthened our positions in the strategic markets and significantly decreased the company’s debt.
In 2013, we generated sales revenue of RUB 65,316m, up 7% year-on-year. Our EBITDA increased by 6% to reach RUB 14,156m. EBITDA margin remained 22%. The company’s total debt reduced by 14%.
Therefore, we are happy with 2013 results and are definitely optimistic about the company’s performance in 2014.
Notes to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of 31 December 2013 (according to DTZ), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 7.8m m2 with the market value of  RUB 117bn. In 2013, the sales revenue of LSR Group amounted to RUB 65,316m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
For more information please contact:
LSR Group Press Service
 Tel.: +7 812 314 10 44
 Fax: +7 812 458 83 72
 E-mail: press@lsrgroup.ru
www.lsrgroup.ru

 

 

 

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