Even discloses the 1Q17 results
São Paulo, May 15, 2017 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBOVESPA: EVEN3), a builder and developer with operations in the states of São Paulo, Rio de Janeiro, Rio Grande do Sul and Minas Gerais, focused on residential developments with units priced above R$250,000, hereby announces its 2017 first quarter Results.
- Cash generation of R$ 38 million on 1Q17;
- Launches PSV of R$ 418 million (Even’s share) in the first quarter, where more than 35% sold today.
- 26 projects delivered in the last 12 months, totaling R$ 2.4 billion of PSV, Even’s share (considering PSV from launches period);
- Solid cash position of R$ 596 million, by the end of March 2017.
In order to download the 1Q17 Earnings Release, please click here.
Even, aiming to ensure the fair disclosure of its results, also invites for the Conference Call:
Conference Call in Portuguese with simultaneous translation into English
2:00 p.m. (New York time)
Webcast: The Conference Call will be live broadcast over Engage-X. In order to facilitate the first access to Engage-X, we recommend that you register before. You will only need to fill in your data on the platform the first time you access it.
3:00 p.m. (Brasília time)
7:00 p.m. (London time)
Phone NY: +1 (516) 300-1066
Phone: +55 (11) 3127-4971 or
+55 (11) 3728-5971
Replay: +55 11 3728-4999
Webcast: click here
Replay: A conference call replay facility will be available until May 22nd, 2017.
Strategy and IR Director
Investor Relations Analyst
Phone: +55 11 3377-3682
Even has been working in the real estate sector for more than 40 years and is one of the largest builders and developers in the metropolitan region of São Paulo. It is present, primarily and strategically, in the cities of São Paulo, Rio de Janeiro and Porto Alegre. The company is vertically oriented, executing all development stages of its projects, from lot prospecting, property development and brokerage activities to the projects construction. Even owns two sales companies: Even Vendas and Even More, both of which operating in 100% of the Companys projects to sell units and providing exclusive services to Even. The Company follows sustainability principles in all of its business segments. Even believes that employing sustainability practices leads to less construction debris, increases the energy efficiency of its products and improves its image before clients and neighboring communities. Its shares are traded on the Novo Mercado Special Corporate Governance segment of the BM&FBOVESPA - Securities, Commodities and Futures Exchange, under the ticker EVEN3.