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Setl Group’s Chairman of the Board Is Top Manager of the Year

2018 november 30

Maksim Shubarev, Setl Group Chairman of the Board, was again named the best top manager in the “Housing Construction” nomination, according to the Delovoy Peterburg newspaper. As in the previous year, the CEO of the Setl Group holding became the winner of the TOP 100 rating. The award ceremony took place on November 29 at the Talion Imperial Hotel. The Top 100 project is an efficiency rating of the best top managers of St. Petersburg and Leningrad Oblast based on the financial performances of their companies. The ranking considers the dynamics of sales revenues, assets, and net profit. Based on the results of Quarter 3, 2018 the sales in Setl City projects in terms of money were 21.4 billion rubles, which is 29.6% higher than in Quarter 3, 2017 and 21.6% higher than in Quarter 2 of this year. In physical indicators, the sales went up by 26.9% to 207,200 sq. m. The sales of Setl City increased by 18.5% in nine months of 2018 in terms of money compared to the similar period of 2017, amounting to 53.6 billion rubles. Furthermore, the number of contracts signed grew by 17.5%, and the marketable area, by 12.6%. Due to its excellent financial performance in the current year, Setl Group became the leader of the Construction Companies Rating 2018 compiled by the Delovoy Peterburg in several nominations at once. For instance, the holding was given the first place as the most reliable construction company, and recognized as Best Comfort Class Developer. Petersburg Real Estate, a part of the holding, was named best brokerage company. In 2018, Setl Group headed by Maksim Shubarev noticeably improved its position in the ratings of other well-known business periodicals. The company rose by 45 points in the RBC rating and entered the first 100 of Russia’s largest private companies according to the Forbes magazine. The successful operation of Setl Group was appreciated by leading rating agencies. For instance, the national rating agency ACRA raised Setl Group’s credit rating to BBB+(RU), “Stable” forecast, which is the maximum ACRA public credit rating awarded to companies in the Construction & Real Estate sector. And the S&P Global Ratings agency confirmed the credit rating of the Setl Group Holding at the B+ level. The rating change forecast is “Stable.” Currently, the В+ international rating is the highest public rating in Russia by S&P Global Ratings for developer companies.

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Companies of Setl Group holding