St.
Petersburg, Russia
– 15 March 2024 – 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 for the full
year ended 31 December 2023.
FY 2023
Group’s Financial Results:
Revenue reached
RUB 236,197 million;
Adjusted EBITDA
reached RUB 77,703 million;
Operating profit
was RUB 62,535 million;
Profit for the
year was RUB 28,343 million.
FINANCIAL
RESULTS BY SEGMENT IN 2023
REAL
ESTATE DEVELOPMENT AND CONSTRUCTION
|
St. Petersburg
|
Moscow
|
Yekaterinburg
|
Completed (‘000 sqm)
|
624
|
274
|
76
|
New contract sales (‘000 sqm)
|
668
|
290
|
141
|
Revenue (RUB m)
|
126,216
|
64,152
|
13,860
|
Adjusted EBITDA (RUB m)
|
56,559
|
21,278
|
3,366
|
Operating profit (RUB m)
|
55,979
|
11,283
|
3,210
|
BUILDING
MATERIALS
|
Sales volume
|
Revenue (RUB m)
|
Adjusted EBITDA (RUB m)
|
Operating profit
(RUB m)
|
Total
|
-
|
24,862
|
5,429
|
4,329
|
Crushed granite, ‘000 m3
|
7,345
|
6,645
|
837
|
610
|
Sand, ‘000 m3
|
5,443
|
2,011
|
788
|
696
|
Ready-mix concrete, ‘000 m3
|
545
|
2,697
|
68
|
59
|
Bricks, million units
|
290
|
4,936
|
1,695
|
1,214
|
Aerated concrete, ‘000 m3
|
746
|
3,704
|
1,499
|
1,299
|
***
The
complete disclosed consolidated financial statements of LSR Group for
FY2023 are available at
https://www.lsrgroup.ru/en/investor-relations/ifrs-reports
|
