MOSCOW, October 20, 2016 - PIK Group (LSE: PIK) released today its trading update for the nine months ended September 30, 2016 (3Q2016). The operational and financial data are based on management assessment only and have not been reviewed by external auditors.
9M2016 key operational highlights:
· Total cash collections increased by 49.3% to RUB 67.9 billion (9M2015: RUB 45.5 billion.
- Cash collections from sale of real estate increased by 65.9% to RUB 58.7 billion (9M2015: RUB 35.4 billion).
- Cash collections from construction services and others decreased by 9.3% to RUB 9.1 billion (9M2015: RUB 10.1 billion)
· New sales contracts to customers increased by 55.7% to 632 th. sqm.
(9M2015: 406 th. sq. meters)
· In 9M2016, PIK launched 33 new projects, (9M2015: 32 new projects). New sellable area in the buildings put on sale increased by 5.6% to 644 th. sq. meters (9M2015: 610 th. sq. meters).
· Share of mortgage-backed sales reached 50.0% in 3Q2016.
Table 1 - Cash collections summary
|
(in RUB MM) |
|
3Q2015 |
3Q2016 |
Change, % |
9M2015 |
9M2016 |
Change, % |
|
TOTAL GROSS CASH COLLECTIONS |
|
15 510 |
26 080 |
68.1% |
45 484 |
67 889 |
49.3% |
|
Including: |
|
|
|
|
|
|
|
|
Cash collections from sale of real estate |
|
12 379 |
22 997 |
85.8% |
35 399 |
58 744 |
65.9% |
|
Cash collections from construction services and others |
|
3 131 |
3 083 |
(1.5%) |
10 085 |
9 145 |
(9.3%) |
Table 2 – New sales contracts to customers
|
in ‘000 sq. meters |
|
3Q2015 |
3Q2016 |
Change, % |
9M2015 |
9M2016 |
Change, % |
|
New sales contracts to customers |
|
178 |
227 |
27.5% |
406 |
632 |
55.7% |
|
Value of retail contracts for apartments and ground floors
(in RUB mn) |
|
16 286 |
24 719 |
51.8% |
36 240 |
62 981 |
73.8% |
Table 3 – Pre-sales launches summary table
|
|
9M2015 |
9M2016 |
|
Change |
|
New sellable area, 000’ sqm |
610 |
644 |
|
5.6% |
|
Number of buildings launched for sale |
32 |
33 |
|
+1 |
Enquiries:
PIK Group
|
Investors |
Media |
|
Polina Kurshetsova |
Natalia Mikhna |
|
Tel: +7 495 505 97 33 ext. 3785 |
Tel: +7 909 913 14 70 |
|
E-mail: ir@pik.ru |
E-mail: pressa@pik.ru |
| 
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