LSR Group

Russian real estate company

OJSC LSR Group
Native name
ПАО "Группа ЛСР"
Company typePublic (ПAO)
MCX: LSRG
LSE: LSRG
IndustryConstruction
Founded1993; 33 years ago (1993)
Headquarters,
Key people
Dmitri Gontcharov (Chairman of the Board)
Andrey Molchanov(CEO)
ProductsBuilding materials, Real estate development, Construction
Revenue$1.64 billion[1] (2020)
$315 million[1] (2020)
$167 million[1] (2020)
Total assets$3.92 billion[1] (2020)
Number of employees
14,500 (2018)
Websitewww.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 headquarters is located in Saint Petersburg. In 2019, the total number of employees was about 11,000. As of 2008, the company had 24 subsidiaries.[2]

History

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]

References

  1. ^ 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.
  2. ^ 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)
  3. ^ 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.
  4. ^ "Группа ЛСР объявила об уходе с Лондонской биржи" (in Russian). Vedomosti. 21 June 2021. Retrieved 18 May 2022.
  5. ^ "Группа ЛСР уходит с Лондонской фондовой биржи" (in Russian). Interfax. 21 June 2021. Retrieved 18 May 2022.
  6. ^ "Fig. 6. Revenue dynamics of Russian developers of artificial intelligence systems for medicine and healthcare in 2017–2020 (authors' data), million rubles". doi:10.17816/dd107367-72847. Retrieved 26 December 2023. {{cite journal}}: Cite journal requires |journal= (help)
  • LSR Group website
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