MOSCOW, 18 January 2022 — PIK released today its trading update for the twelve months ended December 31, 2021 (FY2021).
2021 key operational highlights:
● Total cash collections increased by 39% year-on-year to RUB 516 billion, compared to RUB 371 billion in 2020:
— Cash collections from construction services, fee-development and other operations increased by 75% year-on-year and amounted to RUB 169 billion, which represented 33% of total cash collections.
— Cash collections to the escrow accounts increased more than 2.5 times to RUB 192 billion
● Value of new contract sales increased by 33% year-on-year to RUB 451 billion (2 537 th sqm) compared to RUB 341 billion (2 355 th sqm) in 2020, including:
— Fee-development business segment of RUB 96 billion (430 th sqm), up 2 times compared to 2020.
● Sales on the secondary real estate market through KVARTA platform amounted to RUB 21.1 billion (113 th sqm)
● In 2021, PIK put on sale:
— 22 new projects compared to 18 new projects in 2020.
— 152 new buildings compared to 92 new buildings 2020.
— Total area launched to the market increased by 41% and amounted to 2 885 th sqm (2 042 th sq m in 2020).
Completions increased by 25% and amounted to 3 036 th sqm (2 425 th sqm in 2020).
Share of mortgage sales reached 76% in 2021.
Enquiries:
PIK Group
Investors
Polina Kurshetsova, Tel: +7 495 505 97 33 ext. 3785, e-mail: [email protected]
Press: e-mail: [email protected]
ABOUT PIK
PIK has been operating in the market since 1994 and specializes in sales of affordable housing. Since its inception, the company has built about 27 million sqm of residential real estate. Since 2007, PIK is present on the stock market. The company adheres to best international standards of corporate governance. By the decisions of the Government of the Russian Federation PIK is included in the list of strategic enterprises of the Russian economy.