Etalon Group Mortgage and Real Estate Market Insights
Key takeaways - Operating results
1H 2014 operating highlights - a solid foundation for FY 2014 results
•
The number of new contracts increased by 44% year-on-year to 4,333
•
•
New contract sales amounted to 204 thousand sqm and RUB 17.17 billion, year-on-year increases of 33% and
36%, respectively
Cash collections in 1H 2014 amounted to RUB 14,835 million, an increase of 36% year-on-year
Deliveries increased 171% year-on-year to 76 ths sqm, precisely in line with the 2014 construction programme
Net cash position of USD 7 million as of 30 June 2014
2Q 2014 operating highlights - continued growth in new contract sales and prices
•
•
•
.
The number of new contracts in 2Q 2014 increased 31% year-on-year to 2,033
New contract sales amounted to 95 thousand sqm and RUB 8.1 billion, year-on-year increases of 19% and 20%,
respectively
Average down payments remained at a high level of 74% in the second quarter
The increasing share of sales at prime location projects continued to drive new contract sales and higher
average prices per sqm for residential and commercial premises, with average prices for apartments and
commercial premises increasing 8% year-on-year to RUB 96 thousand per sqm
Regional sales network contributed around 40% of new contracts in the second quarter
2H 2014 Outlook
•
•
Phase II of Etalon City and three new projects due to launch in 2H 2014 should further diversify and strengthen
product mix
Construction programme remains on track, with deliveries of 580 ths sqm planned for 2014
Strong financial position leaves the Company well placed to continue acquiring new projects to secure long-term
growth
Etalon Group
28
28View entire presentation