LSR Group announces financial results for the full year 2024
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14 March 2025
St. Petersburg, Russia – 14 March 2025 – 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 full year ended 31 December 2024.
FY2024 Financial Highlights:
- Revenue reached RUB 239,227 million;
- Adjusted EBITDA reached RUB 72,178 million;
- Operating profit was RUB 65,766 million;
- Profit for the year was RUB 28,598 million.
FINANCIAL RESULTS BY SEGMENT IN 2024:
REAL ESTATE DEVELOPMENT AND CONSTRUCTION
|
|
St. Petersburg |
Moscow |
Yekaterinburg |
|
Completed (‘000 sqm) |
536 |
105 |
92 |
|
New contract sales (‘000 sqm) |
265 |
322 |
77 |
|
Revenue (UB m) |
108,652 |
87,550 |
11,321 |
|
Adjusted EBITDA (RUB m) |
47,392 |
24,775 |
3,256 |
|
Operating profit (RUB m) |
46,142 |
21,381 |
3,135 |
BUILDING MATERIALS
|
|
Sales volume |
Revenue (RUB m) |
Adjusted EBITDA (RUB m) |
Operating profit (RUB m) |
|
Total |
24,514 |
5,150 |
4,016 |
|
|
Crushed granite (‘000 m3) |
6,332 |
5,936 |
290 |
68 |
|
Sand (‘000 m3) |
6,578 |
2,817 |
1,155 |
1,044 |
|
Bricks (million units) |
300 |
5,481 |
1,529 |
1,071 |
|
Aerated concrete (‘000 m3) |
826 |
4,477 |
1,731 |
1,521 |
***
The complete disclosed consolidated financial statements of LSR Group for FY2024 are available at https://www.lsrgroup.ru/en/investor-relations/ifrs-reports