EVEN DISCLOSES PRELIMINARY 1Q21 OPERATING RESULTS

São Paulo, April 08th, 2020 – Even Construtora e Incorporadora S.A. – EVEN (B3: EVEN3), with developments in São Paulo and Rio Grande do Sul, and focusing on middle- and upper-middle income residential projects, discloses its preliminary and unaudited earnings for first quarter of 2021 (1Q21).

LAUNCHES TOTALED R$ 716 MILLION (%EVEN), WITH SoS OF 58%,
NET SALES TOTALED R$ 587 MILLION (%EVEN),
CASH GENERATION OF R$ 253 MILLION IN 1Q21.

Launches
In 1Q21, 3 projects were launched in São Paulo, with a PSV of R$ 568 million, and 4 projects were launched in Rio Grande do Sul, with a PSV of R$ 148 million (% Even). Adding the two business units, the total launch PSV was R$ 716 million (% Even).

Sales
Net sales in 1Q21 totaled R$ 587 million (% Even), representing a consolidated SoS of 24%. Inventory sales totaled R$ 175 million with a 10% SoS. Of the projects launched in the quarter, R$ 412 million were sold, 58% SoS.

Cash Generation
Operational Cash Generation totaled R$ 253 million in 1Q21, and R$ 997 million in the last 12 months (ex – Melnick IPO).

Preview and unaudited numbers
To access the file in PDF click here.

For further information, please contact our IR área:

José Carlos Wollenweber Filho
CFO and Investor Relations Officer

IR Contact:

Phone: (11) 3377-3699
E-mail: ri@even.com.br
www.even.com.br/ri/

About EVEN:
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 project‘s construction. Even owns two sales companies: Even Vendas and Even More, both of which operating in 100% of the Company‘s 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 b! efore clients and neighboring communities. Its shares are traded on the Novo Mercado Special Corporate Governance segment of the B3 – Brasil, Bolsa, Balcão, under the ticker EVEN3.