Indicators

Group of Companies KORTROS was founded in 2005 and it is a real estate development subdivision of one of the leading Russian business groups RENOVA under the leadership of Viktor Vekselberg. The key specialization of the company is the construction of high-quality and affordable residential space. Over these years the company has built 2,3 million sq. m. of real estate and has become one of the leading real estate developers in Russia. KORTROS is a significant player in all regions, it is among the top five in the Moscow Region, Yaroslavl, Perm, and is the leading builder in Yekaterinburg. Construction of the first project of the company - "Akademicheskiy" district in Yekaterinburg - began in 2007. The project of the new district intended for 325 thousand residents became one of the first projects of integrated territory development and the basis for development of public-private partnership in this country.
Key indicators 2011 2012 2013 2014 2015 2016
Revenue ($m) 364,7 624,5 624 489,89   377,91 307,14
EBITDA ($m) 96,8 123,4 104,5 82,12 50,06 71,51
EBITDA, margin 27% 20% 17% 17% 13% 23,3%
Net debt ($m) 309,4 396,2 296,4 122,82 93,13 83,68
Net debt / EBITDA 3,2 3,2 2,83*
1,5 1,86 1,17
Sales ('000 sq.m.) 209 338 333,6 316,8 213 304
Commissioning ('000 sq.m.) 266 330 413,2 260,4 215,5 272
Contracting ('000 sq.m.) 209 330 346 340 229 270