Cian PLC
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Dmitriy Grigoriev
- Full Time Employees
- 796
- Sector
- Real Estate
- Industry
- Real Estate - Services
- Address
- Elektrozavodskaya Ulitsa, 27 Moscow Russian Federation 107023
- IPO Date
- Nov 5, 2021
- CIK
- 0001867752
- Website
- cian.ru
- Similar Companies
- Business
- Cian PLC operates a leading online real estate classifieds platform primarily in Russia. The company provides a comprehensive database of residential, suburban, and commercial real estate listings for sale and rent, including primary and secondary market properties. Its platform connects millions of users, including real estate buyers, renters, and sellers, offering detailed property information and digital services aimed at facilitating real estate transactions. Core products and services include real estate listings, mortgage marketplace, valuation and analytics services, and an end-to-end online real estate transaction platform branded SmartDeal for electronic registration and related services. Cian PLC's operations cater to a broad customer base comprising individual home seekers, real estate professionals, and commercial clients across Russian regions. Founded in 2001 and headquartered in Moscow, Russia, Cian PLC is registered in Cyprus for corporate purposes but is in the process of redomiciling to Russia. The company is publicly listed on both the Moscow Exchange and the New York Stock Exchange under the ticker CIAN. In the last two years, Cian has undertaken significant strategic initiatives including the acquisition of SmartDeal (Practice of Success LLC) in 2023, which expanded its integrated online transaction and electronic registration services. This acquisition aligns with the company’s shift toward developing end-to-end digital real estate transaction solutions. Additionally, Cian has restructured its corporate ownership and initiated a share exchange involving its Cyprus entity and the Russian entity to streamline operations and enhance market presence. Recent financial performance shows revenue growth driven by core real estate services, with 2024 revenues increasing by approximately 12% year-over-year to nearly 13 billion rubles and an adjusted EBITDA margin of around 25%. The company launched a market buyback program in conjunction with its planned Moscow Exchange listing in April 2024 to support share price stability. Cian continues to invest in expanding its technology platform and increasing its personnel to support growth amid competitive and market challenges. Cian PLC operates in the interactive media and real estate services industry, targeting the large and growing Russian real estate market, which is characterized by substantial underpenetration of digital real estate classifieds. The company emphasizes user engagement through its multiple online portals and mobile applications and maintains a strong presence in major Russian metropolitan and suburban markets. In summary, Cian PLC is a prominent Russian-focused online real estate platform offering extensive property listings and integrated transaction services, recently strengthened by its acquisition of SmartDeal and strategic relocation to reinforce its domestic market leadership and operational efficiencies. The company leverages technology-driven offerings including mortgage marketplace and property valuation analytics to serve a diverse clientele across Russia. Its latest corporate actions highlight a focus on digital transaction integration and shareholder value enhancement through market maneuvers and share buybacks.
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