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Cian plc is a leading online real estate classifieds platform in Russia, offering a comprehensive range of services for buying, selling, and renting properties. The company connects millions of users with real estate professionals through its user-friendly and feature-rich platform. Cian's core business revolves around providing accurate listings, market analysis, and real estate tools that cater to the needs of both individual users and industry specialists.
Cian has recently achieved significant milestones, including the expansion of its services into new regions and the enhancement of its platform with advanced technologies such as AI-driven property recommendations and virtual tours. The company is continuously working on improving user experience and expanding its database to ensure the most accurate and up-to-date information is available to its customers.
Financially, Cian has shown robust performance, with steady revenue growth driven by increased user engagement and strategic partnerships with key players in the real estate market. The company maintains a strong financial position, enabling ongoing investment in technology and market expansion.
Current projects include the development of mobile applications to provide seamless access to real estate services on the go, and the integration of big data analytics to offer deeper insights into market trends. Cian also collaborates with developers, agencies, and financial institutions to provide comprehensive solutions that facilitate real estate transactions.
In summary, Cian plc plays a pivotal role in the Russian real estate market by leveraging technology to connect buyers, sellers, and renters with the information and tools they need to make informed decisions. With a strong focus on innovation and customer satisfaction, Cian continues to lead the way in transforming the real estate landscape.
Cian PLC (NYSE: CIAN) reported strong financial results for Q3 2022, with revenue increasing 44% Y-o-Y to RUB 2,241 million ($39.0 million) and profit of RUB 380 million ($6.6 million). Adjusted EBITDA surged 264% Y-o-Y to RUB 549 million ($9.6 million), with margins up 15 ppt to 24.5%. For the nine-month period, total revenue rose 38% Y-o-Y to RUB 5,872 million ($102.3 million) but recorded a slight loss of RUB 9 million ($0.2 million) due to currency fluctuations. Cian's Core Business showed robust growth, driven by listing and lead generation revenue, despite challenges in the mortgage segment.
Cian PLC (NYSE: CIAN) held its 2022 Annual General Meeting on September 30, 2022, where all proposed agenda items were approved by shareholders. Key approvals included the Annual Report for 2021, re-appointments of auditors Papakyriacou & Partners Ltd. and AO BST, and the remuneration for both standalone and consolidated auditors. Notably, the voting for the number of Directors and Independent Directors saw significant support, while the Directors' remuneration was also approved, albeit with some dissenting votes.
Cian PLC (NYSE: CIAN) announces its 2022 Annual General Meeting (AGM) scheduled for September 30, 2022, at 9:00 a.m. in Nicosia, Cyprus. Key agenda items include the approval of the 2021 financial statements, election of Directors, and Auditor remuneration. A record date of August 23, 2022 is set for ADS holders to exercise voting rights. Cian, a prominent online real estate platform in Russia, reported a 31% year-over-year revenue growth in Q2 2022, with an average monthly audience of over 17 million and 1.9 million listings available.
Cian PLC (NYSE: CIAN) reported a 31% year-on-year revenue increase to RUB 1,905 million ($37.2 million) for Q2 2022. Adjusted EBITDA surged by 303% to RUB 480 million ($9.4 million), with an adjusted EBITDA margin of 25.2%, up by 17 percentage points. Despite a loss of RUB 433 million ($8.5 million) due to foreign exchange fluctuations, the core business showed strong revenue growth of 30% year-on-year to RUB 1,781 million ($34.8 million). Unique monthly visitors decreased by 13% to 17.3 million. For the first six months, revenue grew 34% to RUB 3,631 million ($71.0 million).
Cian PLC (NYSE: CIAN) appointed Vladimir Verkhoshinskiy to the Board of Directors and the Audit Committee, succeeding Dmitry Antipov, who remains on the Board. Verkhoshinskiy, with over 15 years in banking and finance, is CEO of Alfa-Bank and holds degrees from Stanford University, indicating strong financial literacy in line with NYSE standards. Cian is a leading online real estate platform in Russia, having achieved 38% YoY revenue growth in Q1 2022, with over 1.7 million listings and an average monthly user base exceeding 19 million.
Cian PLC (NYSE: CIAN) reported a 38% year-over-year revenue increase for Q1 2022, reaching RUB 1,726 million ($20.5 million). The company achieved a profit of RUB 44 million ($0.5 million) and positive adjusted EBITDA of RUB 56 million ($0.7 million), with a margin of 3.2%. Core Business revenue grew by 36% to RUB 1,622 million ($19.3 million), while average unique monthly visitors fell by 10% to 19.2 million. Despite geopolitical challenges and market volatility, Cian anticipates continued growth, leveraging its position as a market leader.
Cian PLC, a leading online real estate classifieds platform in Russia, announced the appointment of Dmitriy Grigoriev as CEO, effective May 30, 2022. He succeeds Maxim Melnikov, who will become Executive Chairperson while advising Grigoriev. Grigoriev brings over 15 years of experience in the classifieds sector and has been with Cian since 2017. Under Melnikov, Cian expanded significantly, increasing audience and revenue tenfold. Cian ranks among the top fifteen global online real estate platforms and had 1.8 million listings in Q4 2021.
Cian PLC, a leading online real estate classifieds platform in Russia, announced the resignation of board member Gilles Blanchard, effective April 12, 2022. Following this, Mikhail Zhukov, CEO of HeadHunter Group, was appointed to the board on April 14. Dmitriy Antipov joined the Audit Committee on April 19, enhancing the board's financial oversight. The company's governance practices align with those of Cyprus, its home country. Cian maintains a strong market presence and technological platform, connecting millions of real estate buyers with quality listings.
Cian PLC (NYSE: CIAN) has reported its fourth quarter and full-year 2021 financial results, showing a 42% increase in revenue to RUB 1,772 million ($23.9 million) for Q4 and a record RUB 6,033 million ($81.2 million) for the full year, up 52% year-over-year. However, the company experienced a loss of RUB 888 million ($12.0 million) in Q4, widening from the previous year, and a full-year loss of RUB 2,857 million ($38.5 million). Adjusted EBITDA for Q4 decreased 22% to RUB 116 million ($1.6 million), while full-year adjusted EBITDA increased 76% to RUB 318 million ($4.3 million).
Cian PLC (NYSE: CIAN), a major online real estate platform in Russia, announced the resignation of board member Cloe Harford effective March 8, 2022, due to geopolitical developments. In her absence, Gilles Blanchard has been appointed to the Audit Committee and Maksim Melnikov to the Compensation, Governance, and Nominating Committee. The board has confirmed Blanchard as independent and financially literate, while reiterating adherence to Cyprus governance practices over certain NYSE requirements.
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