LSR Group announces financial results for the full year 2023
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15 March 2024
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