PIK Group announced sales results for the first quarter ended March 31, 2018. For the quarter, total cash collections increased by 26.9% to RUB 57.0 billion compared to RUB 44.9 billion a year ago. New sales contracts to customers increased by 13.2% to 430 th. sqm.

For 2018, the company intends to maintain a leading position in the residential real estate market and provides the following guidance for 2018: total new sales to customers between the range of 1.7 million sq. m – 1.9 million sq. m. Total cash collections of RUB 180 billion – RUB 200 billion.