EQS-Regulatory: PIK GROUP 3Q 2016 Trading Update

PJSC PIK Group / 3rd Quarter Results PIK GROUP 3Q 2016 Trading Update 20-Oct-2016 / 10:42 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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PIK GROUP 3Q 2016 Trading Update MOSCOW, October 20, 2016 - PIK Group (LSE: PIK) released today its trading update for the nine months ended September 30, 2016 (3Q2016). The operational and financial data are based on management assessment only and have not been reviewed by external auditors. 9M2016 key operational highlights: - Total cash collections increased by 49.3% to RUB 67.9 billion (9M2015: RUB 45.5 billion. - Cash collections from sale of real estate increased by 65.9% to RUB 58.7 billion (9M2015: RUB 35.4 billion). - Cash collections from construction services and others decreased by 9.3% to RUB 9.1 billion (9M2015: RUB 10.1 billion) - New sales contracts to customers increased by 55.7% to 632 th. sqm. (9M2015: 406 th. sq. meters). - In 9M2016, PIK launched 33 new projects, (9M2015: 32 new projects). New sellable area in the buildings put on sale increased by 5.6% to 644 th. sq. meters (9M2015: 610 th. sq. meters). - Share of mortgage-backed sales reached 50.0% in 3Q2016. - Table 1 - Cash collections summary

 
 (in RUB MM)        3Q2015  3Q2016  Change, %    9M2015  9M2016  Change, %
                    15 510  26 080  68.1%        45 484  67 889  49.3%
 TOTAL GROSS
 CASH
 COLLECTIONS
 Including:         12 379  22 997  85.8%        35 399  58 744  65.9%
 Cash               3 131   3 083   (1.5%)       10 085  9 145   (9.3%)
 collections
 from sale of
 real estate
 

Table 2 - New sales contracts to customers

 
 in '000 sq.       3Q2015  3Q2016  Change, %    9M2015  9M2016  Change, %
 meters
 New sales         178     227     27.5%        406     632     55.7%
 contracts to
 customers
 Value of          16 286  24 719  51.8%        36 240  62 981  73.8%
 retail
 contracts for
 apartments and
 ground floors
 (in RUB mn)
 

Table 3 - Pre-sales launches summary table

 
                                                    9M2015  9M2016    Change
 New sellable area, 000' sqm                        610     644       5.6%
 Number of buildings launched for sale              32      33        +1
 

Enquiries: PIK Group

 
 Investors                            Media
 Polina Kurshetsova                   Natalia Mikhna
 Tel: +7 495 505 97 33 ext. 3785      Tel: +7 909 913 14 70
 E-mail: ir@pik.ru                    E-mail: pressa@pik.ru
 

Some of the information in this press release may contain guidance, projections or other forward-looking statements regarding future events or the future financial performance of PIK Group. You can identify forward- looking statements by terms such as 'expect,' 'believe,' 'anticipate,' 'estimate,' 'intend,' 'will,' 'could,' 'may' or 'might,' or the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. PIK Group does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in PIK Group's projections, guidance or forward-looking statements, including, among others, general economic and market conditions, PIK Group's competitive environment, risks associated with operating in Russia, rapid market change, and other factors specifically related to PIK Group and its operations. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of PIK Group, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of PIK Group.
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Language: English Company: PJSC PIK Group 19 bld 1 Barrikadnaya Street 123242 Moscow Russia Phone: +7 (495) 505 97 33 Fax: +7 (495) 229 90 11 E-mail: ir@pik.ru Internet: www.pik-group.ru ISIN: US69338N2062, RU000A0JP7J7 WKN: A0MSSL Listed: Foreign Exchange(s) London, Moscow Category Code: QRT TIDM: PIK Sequence Number: 3502 Time of Receipt: 20-Oct-2016 / 10:42 CET/CEST End of Announcement EquityStory.RS, LLC News Service
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