LSR Group

OJSC LSR Group
Native name
ОАО «Группа ЛСР»
Public (OAO)
Traded as MCX: LSRG
LSE: LSRG
Industry Construction
Founded 1993
Headquarters Saint Petersburg, Russia
Key people
Igor Levit (Сhairman of the Board)
Alexandr Vakhmistrov (CEO)
Products Building materials, Real estate development, Construction
Revenue Increase US$ 2.0 billion (2012)
Profit Increase US$ 162.4 million (2012)
Number of employees
16,000 (2011)
Website www.lsrgroup.ru

LSR Group (Russian: ОАО «Группа ЛСР»), is a Russian real estate development, construction and building materials company, one of the leaders in the real estate and building materials in Russia. The company is headquartered in St. Petersburg. The total number of employees is about 16,000 people (2011).

Shareholders and management

As of 31 December 2010, Streetlink Ltd. had 62.2% of the company’s shares. The company’s top management owned 7.6%, 30.2% was in free float.[1]

History

The company was founded in 1993. The company’s name derives from LenStroyRekonstruktsiya.

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.

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).

Major acquisitions and foundation of companies

1993–1994

1997

1999

2001

2002

2003

2004

2005

2006

2007–2008

2010

2011

Business operations

As of April 2011, LSR Group included Business Units for production and transportation of building materials, extraction and processing of aggregates, real estate development and construction. The company concentrates its business in the three key regions: St. Petersburg and the Leningrad region, Moscow and the Moscow region, Yekaterinburg and the Urals.

Current projects

Construction of the new brick plant in Nikolskoye, the Leninngrad region with the annual production capacity of 220 million items. The total amount of investment into the project is around RUB 10.2 million (including VAT).

Company structure

References

  1. Ownership structure // LSR Group official site, 31 December 2010

External links

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