MOSCOW, 11 October 2021 — PIK released today its trading update for the nine months ended September 30, 2021 (9M2021).
9M2021 key operational highlights:
● Total cash collections increased by 50% year-on-year to RUB 342 billion, compared to RUB 228 billion in 9M2020
— Cash collections from construction services, fee-development and other operations increased by 66% year-on-year and amounted to RUB 100 billion, which represented 30% of total cash collections.
— Cash collections to the escrow accounts increased more than 3 times to RUB 123 billion.
● Value of new contract sales increased by 41% year-on-year to RUB 295 billion (1 694 th sqm) compared to RUB 209 billion (1 504 th sqm) in 9M2020, including:
— fee-development business segment of RUB 64 billion (292 th sqm), up 2.7 times compared to 9M2020.
● Sales on the secondary real estate market through KVARTA platform amounted to RUB 8 billion (44 th sqm)
● In 9M2021, PIK put on sale:
— 14 new projects compared to 12 new projects in 9M2020.
— 112 new buildings compared to 59 new buildings 9M2021.
— Total area launched to the market increased by 51% and amounted to 1986 th sqm (1 315 th sq m in 9M2020).
● Completions amounted to 1 359 th sqm (1 275 th sqm in 9M2020).
● Share of mortgage sales reached 77% in 9M2021.
Enquiries:
PIK Group
Investors
Polina Kurshetsova, Tel: +7 495 505 97 33 ext. 3785, e-mail: [email protected]
Press: e-mail: [email protected]