LSR Group

LSR Group (Russian: ОАО "Группа ЛСР") is a Russian real estate development, construction and building materials company. LSR Group is one of the leaders in the real estate and building materials in Russia. The company headquarter is located in St. Petersburg. In 2019, the total number of employees is about 11,000 people. As of 2008, the company embraced 24 subsidiaries.^[2]

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Quick facts Native name, Company type ...

OJSC LSR Group

Native name	ПАО "Группа ЛСР"
Company type	Public (ПAO)
Traded as	MCX: LSRG LSE: LSRG
Industry	Construction
Founded	1993; 32 years ago (1993)
Headquarters	Saint Petersburg , Russia
Key people	Dmitri Gontcharov (Chairman of the Board) Andrey Molchanov(CEO)
Products	Building materials, Real estate development, Construction
Revenue	$1.64 billion^[1] (2020)
Operating income	$315 million^[1] (2020)
Net income	$167 million^[1] (2020)
Total assets	$3.92 billion^[1] (2020)
Number of employees	14,500 (2018)
Website	www.lsrgroup.ru

The company was founded in 1993 by a Russian entrepreneur Andrey Molchanov, naming it LenStroyRekonstruktsiya (LSR).^[2] LSR Group is an open joint-stock company and an absolute owner of its major subsidiaries and companies.^{[citation needed]} In November 2007 the company offered 12.5% of its share capital for trade at the London Stock Exchange and MICEX through IPO, which in total sold for US$772 million. After the offerings, the company's market capitalization amounted to $6.8 billion.^[3] In April 2010 the company offered 10% of its share capital and raised US$398.1 million (including expenses for the offering).

In 2021, the company left the London Stock Exchange because of its low market liquidity.^[4]^[5] By 2022 the company's revenue amounted to 13 billion rubles.^[6]

History

References

External links

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