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Andrey Molchanov, CEO and Chairman of the Executive Committee of LSR Group comments:
«2016 was a successful year for the company. We have entered another growth phase and hit a record revenue of RUB 98bn. EBITDA exceeded RUB 19bn. As of today more than 80% of the company’s revenue and EBITDA is contributed by real estate development and construction business. The increased volume of our operations in Moscow is the key driver behind the company’s growth. Our strategic goal is to boost real estate development business in the Moscow region to the level we have achieved in our home market, St. Petersburg. We look ahead with confidence and plan to sign new contracts for the sale of 770 thousand sqm this year.»
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