Home  Issuers' Corner  Press Releases
CLOSE

Press Releases

company search
all press releases
all PIK Group press releases

PIK Group

August 28, 2015

PIK Group reports 1h2015 Consolidated Financial Results

Moscow, August 28, 2015 - PIK Group (LSE: PIK), (“The Group” or “PIK”), one of the leading Russian residential developers, today announces its unaudited Consolidated Financial Statements prepared in accordance with IFRS, for the 6 months ended June 30, 2015.

1H2015 Financial Highlights:

  • Total cash collections increased by 10.0% to RUB 30.0 billion (1H2014: RUB27.3 billion); 
  • New sales contracts to customers increased by 4.6% to 228 th. sqm.
    (1H2014: 218 th. sq. meters); 
  • Total revenue decreased by 23.0% to RUB22.1 billion (1H2014: RUB28.6 billion). Revenue from sale of real estate decreased by 25.3% to RUB18.6 billion
    (1H2014: RUB24.9 billion); 
  • Transfers of real estate to customers decreased by 30.8% to 191,000 square meters (1H2014: 276,000 square meters); 
  • Gross profit margin amounted to 39.4% (1H2014: 26.0%); 
  • Adjusted EBITDA increased by 19.3% to RUB7.1 billion (1H2014: RUB5.9 billion). Adjusted EBITDA margin amounted to 32.0% (1H2014: 20.7%); 
  • Net profit for the year amounted to RUB4.1 billion
    (1H2014: RUB1.5 billion); 
  • Free cash flow increased amounted to to RUB3.6 billion (1H2014: RUB1.8 billion); 
  • Net debt as of June 30, 2015 decreased by RUB3.9 billion to RUB6.3 billion (December 31, 2014: RUB10.2 billion); 

***

Additional documents:

The Consolidated Financial Statements, prepared in accordance with IFRS, for 6 months ended June 30, 2015 can be found under the following link:

https://pik-group.com/investors/financial-statements/2015/ 

Conference Call Dial-In Details:  

PIK Group’s Management will host a conference call for investors and analysts followed by a Q&A session.

Date:                           Monday, August 31, 2015

Time:                          12:00 Moscow / 10:00 London / 5:00 New York

Title:                            PIK Group 1H2015 IFRS Results

Conference ID (Russian line): 5320487

Domestic line:             +7(495) 705-94-50

UKinternational tel.:   +44 20 3427 1915

 

Enquiries:

PIK Group

 

 

 

Investors

Media

Polina Kurshetsova

Natalia Mikhna

Tel: +7 495 505 97 33
ext. 1315

Tel: +7 495 505 97 33
ext. 1403

E-mail: ir@pik.ru

E-mail: pressa@pik.ru

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z



Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer