PIK Group announced sales results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported new sales contracts to customers of 318,000 sq. meters against 218,000 sq. meters a year ago. Value of retail contracts for apartments and ground floors was RUB 33,386 million against RUB 20,310 million a year ago.

For the year, the company reported new sales contracts to customers of 950,000 sq. meters against 625,000 sq. meters a year ago. Value of retail contracts for apartments and ground floors was RUB 96,367 million against RUB 56,550 million a year ago.

For the year 2017 the company provided guidance, for total new sales to customers between the range of 1.7 – 1.9 million sq. m and total cash collections of RUB 190 - 200 billion.