PIK GROUP 1Q 2018 Trading Update - новости ПИК от 16 апреля 2018
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16 апреля 2018

PIK GROUP 1Q 2018 Trading Update

MOSCOW, April 16, 2018 - PIK Group, the leading Russian residential developer, released today its trading update for the three months ended March 31, 2018 (1Q2018).

1Q2018 key operational highlights:

  • Total cash collections increased by 26.9% to RUB 57.0 billion (1Q2017: RUB44.9 billion).
    • Cash collections from sale of real estate increased by 36.9% to RUB 53.8 billion (1Q2017: RUB 39.3 billion).
    • Cash collections from construction services and others decreased by 42.9% to RUB 3.2 billion (1Q2017: RUB 5.6 billion)
  • New sales contracts to customers increased by 13.2% to 430 th. sqm.
    (1Q2017: 380 th. sq. meters).


  • In 1Q2018, PIK put on sale 21 new buildings compared to 16 new buildings in 1Q2017.


  • New sellable area in the buildings put on sale increased by 54.9% to 587 th. sq. meters (1Q2017: 379 th. sq. meters).


  • Completions increased by 91.7% to 69 th. sqm. (1Q2017: 36 th. sqm.)


  • Share of mortgage-backed sales reached 66% in 1Q2018.


Sergei Gordeev, President and Chairman of the Management Board, said:

"In the first quarter of 2018 PIK retained positive dynamics of all operational indicators. Consistent high results of our activity allow us to reiterate expectations for the year and be confident in the effectiveness of the company's chosen development strategy."


2018 Outlook

  • PIK Group intends to maintain a leading position in the residential real estate market and provides the following guidance for 2018:
    • Total new sales to customers between the range of 1.7 – 1.9 million sq. m

Total cash collections of RUB 180 - 200 billion