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LSR Group

August 28, 2024

LSR Group announces financial results for the first half of 2024

St. Petersburg, Russia – 28 August 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 first six months ended 30 June 2024.

1H 2024 Group’s Financial Results:

  • Revenue reached RUB 85,147 million;

  • Adjusted EBITDA reached RUB 20,294 million;

  • Operating profit was RUB 17,697 million;

  • Profit for the first six months of 2024 was RUB 4,426 million.

FINANCIAL RESULTS BY SEGMENT IN 1H 2024:

REAL ESTATE DEVELOPMENT AND CONSTRUCTION

 

St. Petersburg

Moscow

Yekaterinburg

Completed (‘000 sqm)

236

-

-

New contract sales (‘000 sqm)

155

162

52

Revenue (RUB m)

30,890

35,079

5,749

Adjusted EBITDA (RUB m)

8,642

10,427

1,725

Operating profit (RUB m)

8,138

9,209

1,668

BUILDING MATERIALS

 

Sales volume

Revenue (RUB m)

Adjusted EBITDA (RUB m)

Operating profit

(RUB m)

Total

-

11,965

2,299

1,724

Crushed granite, ‘000 m3

2,979

2,753

72

(38)

Sand, ‘000 m3

2,836

1,195

417

364

Bricks, million units

145

2,713

789

551

Aerated concrete, ‘000 m3

409

2,205

873

768

***                                                                                                                           

The complete disclosed condensed consolidated interim financial statements of LSR Group for 1H 2024 are available at https://www.lsrgroup.ru/en/investor-relations/ifrs-reports.




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