Pioneer Group has published the consolidated financial statements for 2016, which showed a positive dynamics of the company’s development for the past period. As in previous years, KPMG carried out the audit.
At the end of 2016, the net profit of Pioneer Group amounted to 1.93 billion rubles, which is more than 2 times higher than in the previous reporting period. The revenue increased by 31% and reached 22.93 billion rubles against 17.54 billion rubles in 2015. The company’s operating profit in 2016 increased by 87% and amounted to 3.29 billion rubles.
During the reporting period EBITDA significantly improved – 3.39 billion rubles. Compared with 1.78 billion rubles in 2015. The ratio of net debt to EBITDA was 2.1 (a year earlier – 2.5).
Andrey Tyutchenko, Financial Director of Pioneer Group, commenting on the company’s audited statements, noted: “In 2016, Pioneer Group demonstrated a steady growth of key business indicators, which indicates a balanced business model. The company consistently implements its strategy for ensuring organic revenue growth, supporting the market level of margin and liquidity control of the Group.”
Pioneer Group sends you holiday greetings on the upcoming May Day and Victory Day!
On May 1 and 9, our sales offices are closed.
On May 8, 2017, our sales offices in Mitino (Mitinskaya Str. 28, building 3) and in the Botanic Garden (entrance from the short side of the building 2A along Serebryakova Passage) are open according to the weekend schedule from 10:00 to 19:00.
Please take into account the changes when you plan your visit.
Pioneer Group connected to the service of electronic transactions registration – a joint project of Rosreestr (Federal Agency for State Registration, Cadastre, and Cartography) and Sberbank.
The technology of electronic registration was launched by Rosreestr a year and a half ago, but was available only in the secondary housingmarket. Thanks to the joint development of an on-line service of Rosreestr and Sberbank, it can now also be used by buyers of flats in new buildings. Currently, this service is provided to customers who purchase housing in LIFE residential quarters using their own funds only (100%), as well as for mortgage borrowers of Sberbank.
In our sales offices, buyers can apply for the registration of an equity agreement and for the approval of a mortgage loan to Sberbank, which is our strategic partner, for free and it will take only 15 minutes. The process is convenient to track online, and the registered contract is received by all participants via e-mail.
One of the main advantages of electronic registration is the reduction in the time for submission and consideration of documents. It takes no more than five days. An important aspect is the exclusion of the human factor and the reduction of administrative barriers.
About the projects
Pioneer Group is implementing several projects in the capital in the districts of Mitino and Sviblovo. LIFE residential quarters are provided with children’s and sports grounds, walking areas and recreation areas, as well as built-in premises for forming the necessary internal infrastructure. Obligatory for all facilities are the complex landscaping of the inner territory and the construction of parking lots, which allow to free the house space from the cars of the residents. Buyers are offered a rich selection of flats in the residential comfort-class and business segment complexes from leading architects.
According to the “Profile” magazine, Pioneer Group was second in the rating of developers of the “old” Moscow in terms of housing commissioning in 2016: during this period the company commissioned several units with the total residential area of more than 105 thousand square meters.
Last year, Pioner Group commissioned ahead of schedule two buildings in the LIFE-Mitinskaya ECOPARK distrcit with the total residential area of more than 67 thousand sq. m. Also at the end of 2016, the first phase of LIFE-Botanic Garden was commissioned, which includes three buildings with the area of 38,000 sq. m.
The first place in the rating belongs to Hals-Development, which built more than 112.7 thousand sq. m. of housing, and bringing up the rear in the top-3 is Concern KROST, which in 2016 introduced four units with the total living area of 100 thousand sq. m.
Also, the authors of the article published the rating of TOP-20 developers of Moscow in terms of portfolio volume of projects realized in the primary market. In the list of the largest developers Pioner Group took the 14th place, the total area of the complexes being built by the company is 244.5 thousand square meters. The first three places were occupied by PIK, Donstroy and MR Group.
Earlier in the newspaper “Vedomosti” there was published a list of the largest developers of Moscow in 2016 according to the version of the capital’s Stroykomplex (Town-Planning Policy and Construction Complex), where Pioneer Group took the 9th place.