Setl Group Climbs 45 Points in RBC’s Ranking of Major Companies
2018 september 24
The Setl Group holding company has significantly improved its position in RBC’s rating of Russia's 500 major companies. Last year, the company's revenue increased by 62%, amounting to 99.7 billion rubles, while its net profit increased by 35% to 7.9 billion, which made it possible for Setl Group to rise by 45 points in the rating. In 2017, the holding company put into operation 27 residential buildings in St. Petersburg, Leningrad Region and Kaliningrad Region. The total area of the commissioned sites was 1.22 million sq. m, which exceeds the indicator of 2016 by 28%. Thus, the developer broke its own record (in 2016, Setl Group became the leader of the construction market not only in St. Petersburg and Leningrad Region, but also in Russia on the whole, having commissioned about 1,000,000 sq. m of total living space). In 2017, Setl Group offered to the market more than 878,000 sq. m of housing under construction and commercial spaces in projects of various classes, from comfort to elite. The residential real estate sales volume increased by 9.8% in monetary terms in 2017 as compared to 2016. Sales of commercial spaces grew by 7.4% over the same period. The holding company's excellent financial performance was noted by the leading rating agencies. This year, the national rating agency ACRA raised the credit rating of Setl Group to BBB+(RU) with a “Stable” outlook, which is ACRA’s highest public credit rating awarded to companies in the construction and real estate sector. The S&P Global Ratings agency has affirmed the credit rating of the Setl Group holding company at the B+ level. The rating change outlook is "Stable". Currently, the B+ international rating is S&P Global Ratings’ highest public rating in Russia for development companies.
Companies of Setl Group holding