Setl Group Sat Group

Setl Group is one of the financial and industrial associations of the North-Western region of Russia. The holding was founded in 1994 as a construction company and began its activities with the construction of residential buildings. Today it is a multidisciplinary investment and industrial group that specializes in development, general contractor services, sale of building materials, brokerage operations in the residential and commercial real estate market, consulting and information technology.

Performance indicators

2023:4% increase in sales to RUB 133.68 billion

The largest developer of St. Petersburg Setl Group in 2022 recorded sales in the amount of 133.68 billion rubles, which is 4% more than a year earlier. Such data at the end of February 2023 were cited by Pavel Gumennik, head of the financing organization of Setl Group. According to him, over three years, the revenue of the development group increased by 28%.

Previously, Setl Group predicted the preservation of sales in 2022 at the level of the previous year - 128.667 billion rubles, notes Interfax

The largest developer of St. Petersburg Setl Group increased annual sales by 4%

Despite the growth in revenue, the physical volume of real estate sold decreased by 19.9%, to 575 thousand square meters. meters. The average cost per square meter of residential real estate in 2022 increased by 31%, to 225.736 thousand rubles. In total, 1.8 million square meters were put into operation. meters of real estate.

Contracting in rubles is growing, in volumes it is decreasing due to an increase in the cost per square meter of housing. There are fewer buyers at this cost, "Gumennik explained.

By the end of 2022, the land bank of the Setl Group holding was 25.1 million square meters. meters. The project portfolio included housing developments and commercial projects in,, and St. Petersburg Leningrad. Kaliningrad regions The holding unites a number of companies specializing in development, general contractor services, sale of building materials, brokerage operations in the residential and commercial real estate market, consulting and information technology.

Setl Group plans to collect investor applications for exchange-traded bonds of at least 5 billion rubles on March 3, 2023, a source in financial circles told RIA Novosti. According to the interlocutor, the company is going to place three-year exchange-traded bonds of the 002R-02 series with quarterly coupons.^[1]

Aktivs

• The holding includes more than 80 companies.
• The holding unites such well-known brands as Petersburg Real Estate, Setl City, Setl Estate, Setl North Europei and others.

Notes