Etalon Group Mortgage and Real Estate Market Insights
Key takeaways - Financial results
Solid financial performance in FY 2013
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Consolidated revenue up 48% year-on-year (y-o-y) to RUB 39,921 million from 26,894 million in FY 2012
EBITDA increased 36% y-o-y to RUB 9,430 million from RUB 6,931 million in FY 2012
Net income grew 33% to RUB 6,664 million, compared to RUB 5,000 million in FY 2012
Good costs discipline
Tight control over costs throughout 2013, with general, administrative and selling expenses as a percentage of revenue
decreased from 12.2% in 2012 to 10.5% for 2013
Strong financial position
⚫ Net cash position as at 30 June 2014 of USD 7 million
• Cash and cash equivalents of USD 446 million
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Etalon Group's comfortable debt repayment schedule combined with strong cash collections-based business model
means company is well-positioned to continue implementing construction plan in line with guidance
Etalon Group
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