
LSR Group is a Russian construction company with a long history dating back to 1933. The company has evolved significantly over the years, with a focus on sustainable development and environmental responsibility.
LSR Group's business is divided into several segments, including construction and development, real estate sales, and other activities. The company operates in various regions of Russia, including St. Petersburg, Moscow, and the Leningrad Region.
LSR Group's main business activities include the construction of residential and commercial properties, as well as infrastructure projects such as roads and bridges. The company has a strong presence in the Russian construction market, with a diverse portfolio of projects.
The company's focus on sustainability is reflected in its commitment to reducing its environmental impact. LSR Group aims to minimize its carbon footprint and reduce waste in its operations.
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Financials
The financials of LSR Group are a key aspect of the company's overall performance. LSR Group has been listed on the stock market since 2011, with LSRG Stock and LSRGL Stock being the two primary listings.
The company's income statement shows a steady growth in sales over the years, with a significant increase from 2022 to 2023, reaching 2,759.50 million USD. The sales growth has been consistent, with a change in sales of 38.16% in 2023 compared to 2022.
The gross profit on sales has also seen a rise, with a gross profit of 1,068.12 million USD in 2024. The operating income has decreased by 6.85% in 2024 compared to 2023, reaching 705.55 million USD.
Here is a summary of the company's income statement for the past few years:
The company's balance sheet also shows a significant increase in total liabilities over the years, reaching 4,197.14 million USD in 2024. The equity has seen a slight decrease, with a change in equity of -3.58% in 2024 compared to 2023.
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Financials
LSR Group's financial performance is a topic of interest for investors and analysts. The company has reported steady sales growth over the years, with a notable increase from 2019 to 2023, reaching 2,576.45 million USD in 2024.
The company's sales have fluctuated, but the overall trend shows a steady increase. In 2023, sales reached 2,759.50 million USD, a 38.16% increase from 2019.
The company's gross profit on sales has also shown a steady increase, reaching 1,068.12 million USD in 2024. This represents a -3.45% change from the previous year.
Here is a breakdown of the company's sales by activity for the fiscal period December 2020-2024:
The company's balance sheet total has also shown a steady increase, reaching 5,477.07 million USD in 2024. This represents a -4.29% change from the previous year.
Shares
LSR Group made its entry into the stock market with a successful IPO in 2007. They issued 10,643,618 ordinary shares, which included global depositary receipts.
Dividends
LSR Group has a history of paying dividends to its shareholders, dating back to 2011. The company's dividend payments have varied over the years, with some years seeing significant payouts.
In 2011, the company paid a dividend of $1.12 per share, with a yield of 33.36%. This was a notable payment, but the company has continued to pay dividends in subsequent years.
Here is a list of the company's dividend payments from 2010 to 2024:
In recent years, the company's dividend payments have been relatively low, with some years seeing no payment at all.
Ownership and Governance
The LSR Group has a diverse board of directors, consisting of 15 members, including both Chairman and Director positions. The group's leadership is divided among several key individuals.
One notable Chairman is Viktor Zubkov, who has been in this role since May 19, 2022, at the age of 84. Igor Levit has also served as Chairman since December 31, 2009, at the age of 54. Andrey Molchanov has been the Chairman since August 28, 2018, at 54 years old.
The Board of Directors includes several Directors who have been with the company for a long time, such as Galina Aleksandrovna Volchetskaya, who has been a Director since July 30, 2013, at 58 years old, and Yury Alexandrovich Kudimov, who has been a Director since June 19, 2014, at 72 years old.
Here is a list of the current Directors and their titles:
- Andrey Molchanov - Chairman, Director
- Igor Levit - Chairman, Director
- Viktor Zubkov - Chairman
- Galina Aleksandrovna Volchetskaya - Director
- Yury Alexandrovich Kudimov - Director
- Leonid Mikhaylovich Sorokko - Director, Deputy CEO-Construction
- Andreevich Molchanov - Director
- Igorevich Pogorletsky - Director
- Vitaliy Nikitich Ignatenko - Independent Director
- Osipov Sergiyevich Yury - Independent Director
- Igor Mikhailovich Levit - Director, First Deputy Chief Executive Officer
Management
The management team at Group LSR is led by Viktor Alexeevich Zubkov, who serves as the Chairman.
Viktor Alexeevich Zubkov is supported by a team of experienced directors, including Dmitry Vladimirovich Kutuzov, who is both the Chief Financial Officer and Director.
In total, there are 15 directors on the team, each bringing their unique skills and expertise to the table.
Here is a list of the directors at Group LSR:
- Viktor Alexeevich Zubkov - Chairman
- Dmitry Vladimirovich Kutuzov - Chief Financial Officer & Director
- Hamit Mavliyarov - Director
- Ivan Leonidovich Romanov - Director
- Igorevich Alexander Pogorletsky - Director
- Lyubov Viktorovna Shadrina - Director
- Andreevich Egor Molchanov - Director
- Leonid Mikhaylovich Sorokko - Director & Deputy CEO-Construction
- Igor Mikhailovich Levit - Director & First Deputy Chief Executive Officer
- Galina Aleksandrovna Volchetskaya - Executive Director
- Andrey Yuryevich Molchanov - General Director & Director
- Osipov Sergiyevich Yury - Independent Director
- Vitaliy Nikitich Ignatenko - Independent Director
- Yury Alexandrovich Kudimov - Independent Director
- Igor Tsoi - Managing Director-Investor Relations
- Elena Chistyakova - Secretary
The team also includes several independent directors, who provide an outside perspective and help ensure the company is operating in the best interests of its shareholders.
Business Structure
The business structure of LSR Group is quite impressive, with a workforce of 10,741 employees. This large team is a testament to the company's significant presence in the industry.
LSR Group's financial news and data are tailored to specific country editions, indicating a focus on regional operations. This suggests a decentralized approach to business management.
The company's financial data is likely managed by a large team, given the number of employees. This team is responsible for providing accurate and timely financial information to stakeholders.
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With such a large workforce, LSR Group's organizational structure is likely complex and multi-layered. This would allow for efficient decision-making and implementation of business strategies.
The company's focus on country-specific financial news and data implies a high level of regional expertise. This could be an asset in navigating local market trends and regulations.
LSR Group's emphasis on tailored financial information suggests a commitment to transparency and accountability. This is a positive aspect of the company's business structure.
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Board Composition
The Board Composition of LSR Group is made up of a diverse group of individuals with varying levels of experience and expertise. Viktor Alexeevich Zubkov serves as the Chairman.
The Board has a total of 15 members, including both executive and independent directors. Dmitry Vladimirovich Kutuzov is the Chief Financial Officer & Director.
Andrey Yuryevich Molchanov is the General Director & Director, while Osipov Sergiyevich Yury is an Independent Director. Vitaliy Nikitich Ignatenko is also an Independent Director.
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Leonid Mikhaylovich Sorokko serves as the Director & Deputy CEO-Construction, while Igor Mikhailovich Levit is the Director & First Deputy Chief Executive Officer. Galina Aleksandrovna Volchetskaya is the Executive Director.
The Board has a mix of long-serving members, with some having been on the Board since 2009, and newer members, with some joining as recently as 2022. Viktor Zubkov is the oldest member at 84 years old.
Here is a list of the Board members:
Disclosures and News
LSR Group publishes all documents that are mandatory for disclosure under the laws of the Russian Federation.
The company reports its operating results for the third quarter and the nine months of 2025, providing a clear picture of its financial performance during this period.
LSR Group makes regular coupon payments on its bonds, with payments made on Series 001P-09, Series 001P-10, Series 001P-11, Series 001P-07, and Series 001P-06 bonds, among others.
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Disclosure
LSR Group is transparent about its financial documents, publishing all those that are required by law in the Russian Federation.

This is in line with the country's regulations, which mandate the disclosure of certain documents.
The company takes its obligations seriously and makes sure to publish all necessary documents.
This approach helps to maintain trust with its stakeholders, including investors and the general public.
By being open and transparent, LSR Group sets a good example for other companies to follow.
News
LSR Group has been making regular coupon payments on its bonds, with the nineteenth payment on Series 001P-09 bonds being a notable one.
In the third quarter of 2025, LSR Group reported its operating results, which is a significant milestone for the company.
LSR Group has been a leader in stability, making its first coupon payment on Series 001P-11 bonds, and this trend continues.
The company has also made significant financial announcements, including its financial results for the first half of 2025.
LSR Group has been actively managing its debt, with the redemption of part of the nominal value on Series 001P-07 bonds being a notable example.
The company has been making regular coupon payments on its bonds, with the sixth payment on Series 001P-10 bonds being one of many.
LSR Group has been transparent about its financial performance, with the announcement of its financial results for the first half of 2025 being a notable example.
The company has been making coupon payments on its bonds, with the eighteenth payment on Series 001P-06 bonds being a notable one.
LSR Group has been managing its debt effectively, with the redemption of part of the nominal value on Series 001P-07 bonds being a notable example.
The company has been making regular coupon payments on its bonds, with the seventh payment on Series 001P-10 bonds being one of many.
LSR Group has been a leader in stability, making its nineteenth coupon payment on Series 001P-09 bonds, and this trend continues.
The company has been transparent about its financial performance, with the announcement of its financial results for the first half of 2025 being a notable example.
LSR Group has been actively managing its debt, with the redemption of part of the nominal value on Series 001P-07 bonds being a notable example.
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Sustainability and Companies
LSR Group is committed to building high quality and comfortable housing, which contributes to both improving people’s quality of life and creating a safe and pleasant social and cultural environment.
Their focus on sustainability is evident in their approach to building, which is designed to have a positive impact on the community.
Sustainability
Companies are recognizing the importance of sustainability, and it's not just about the environment. We are committed to building high quality and comfortable housing, which contributes to both improving people’s quality of life and creating a safe and pleasant social and cultural environment.
This approach can have a significant impact on local communities. By creating a safe and pleasant social and cultural environment, companies can contribute to the well-being of their customers and the community at large.
Incorporating sustainability into business practices can also lead to long-term benefits. Companies that prioritize sustainability are more likely to build strong relationships with their customers and stakeholders.
Ultimately, sustainability is about creating a better future for everyone.
Companies
Companies are leading the way in sustainability efforts, with many adopting environmentally-friendly practices and reducing their carbon footprint.
Patagonia, a well-known outdoor apparel brand, has been a pioneer in sustainability, using environmentally-friendly materials and production methods in their manufacturing process.
IKEA, a furniture retailer, has made significant strides in reducing waste and using renewable energy sources in their operations.
Companies like Unilever and Coca-Cola have set ambitious sustainability targets, aiming to reduce their environmental impact and promote sustainable practices throughout their supply chains.
The benefits of sustainability are not limited to the environment; many companies have also seen financial gains from adopting eco-friendly practices, such as reduced energy costs and increased brand reputation.
Nike has made significant efforts to reduce waste and use sustainable materials in their products, with a goal of using 100% renewable energy in their operations by 2025.
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