LSR Group

Russian real estate company

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OJSC LSR Group

Native name	ПАО "Группа ЛСР"
Company type	Public (ПAO)
Traded as	MCX: LSRG LSE: LSRG
Industry	Construction
Founded	1993; 31 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

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]

History

The company was founded in 1993 by a Russian entrepreneur Andrey Molchanov. The company's name derives from LenStroyRekonstruktsiya.^[2]

LSR Group is an open joint stock company, and is a 100% owner of its major subsidiaries and companies.

In November 2007 the company offered 12.5% of its share capital for trading at the London Stock Exchange and MICEX through IPO having raised US$772 million. After the offering, the company's market capitalization amounted to $6.8 billion.^[3]

In April 2010 the company offered 10% of its share capital for trading at the London Stock Exchange and MICEX through SPO having 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]

In 2022, the company's revenue amounted to 13 billion rubles.^[6]

References

^ ^a ^b ^c ^d "Consolidated Financial Statements for the year ended 31 December 2020 and Independent Auditors' Report" (PDF). LSR Group. 22 March 2021. p. 99. Retrieved 22 March 2021.
^ ^a ^b Александра Конфисахор, Михаил Шевчук, Анна Пушкарская (22 January 2008). "Битва миллионеров" (in Russian). Kommersant. Retrieved 18 May 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
^ Бэла Ляув (5 November 2019). "Как за 20 лет жилищное строительство прошло путь от хаоса до тотального контроля" (in Russian). Vedomosti. Retrieved 18 May 2022.
^ "Группа ЛСР объявила об уходе с Лондонской биржи" (in Russian). Vedomosti. 21 June 2021. Retrieved 18 May 2022.
^ "Группа ЛСР уходит с Лондонской фондовой биржи" (in Russian). Interfax. 21 June 2021. Retrieved 18 May 2022.
^ "Fig. 6. Revenue dynamics of Russian developers of artificial intelligence systems for medicine and healthcare in 2017–2020 (authors' data), million rubles". dx.doi.org. doi:10.17816/dd107367-72847. Retrieved 26 December 2023.