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

2024: Revenue cut 1.7% to ₽151,05 billion

On April 30, 2025, it became known that the Setl Group development holding published financial results for 2024. According to the company's reports, the holding's revenue amounted to ₽151,05 billion, which is 1.7% less than in 2023. Net profit under IFRS decreased by 4.3% and reached ₽19,569 billion.

According to Interfax, the cost of sales of the construction group increased by 0.6% and amounted to ₽98,685 billion. The company's gross profit was ₽52,368 billion, which is 5.7% lower than the previous year. Profit before tax decreased by 8.2% - to ₽25,046 billion.

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Фото: Freepik

Setl Group's long-term liabilities for 2024 decreased by 0.9% to ₽183,882 billion. At the same time, short-term liabilities increased by 23.7%, reaching ₽194,519 billion.

According to the Unified Resource of Developers (ERZ), in 2024 Setl Group took the leading place in terms of housing commissioning in St. Petersburg with an indicator of 509 thousand square meters. m of living space. The total area of ​ ​ real estate, which the holding commissioned in 2024, exceeded 1.13 million square meters. m. The sold area of ​ ​ housing and commercial premises in all regions of the company's presence amounted to 547 thousand square meters. m.

In 2024, the development holding completed housing construction in five projects: Amber Club residential complex on Vasilyevsky Island, Astra Marine residential complex on Obukhov Defense Avenue in the Nevsky District, Zeleny Kvartal in the Moscow Region, Panorama Sosnovka Park in the Vyborgsky District and Solnechny Gorod. Residences "in the south of St. Petersburg in the Krasnoselsky district.

The company also put into operation a number of objects ahead of schedule: the first stage of the Palace Facade residential complex in Strelna, the third stage of the Pulse Premier residential complex on Oktyabrskaya Embankment, two stages of the Univer City project next to Pushkin and three stages of the Parade Ensemble on Pulkovskoye highway.^[1]

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.^[2]

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