Even announces its 4Q20 results
São Paulo, March 18, 2021 – Even Construtora e Incorporadora S.A. – EVEN (B3: EVEN3), with operations in São Paulo and Rio Grande do Sul and a focus on medium and high-end residential developments, announces its results for the fourth quarter of 2020 (4Q20) and 2020. The following financial and operating information is consolidated, except where otherwise indicated, and is shown in Brazilian Real (R$).
Operational Cash Generation of R$ 447 million¹.
Launches of R$ 482 million (% Even).
Net Sales of R$ 639 million (% Even).
Net Cash on Equity of 34%.
Sale of Completed Inventory UN RJ by R$ 238 million.
1 Considering the sale of assets in Rio de Janeiro for FII ERCR11.
In order to download the 4Q20 Earnings Release, please click here.
Even, aiming to ensure a fair disclosure of its results, also invites for the Conference Call:
Conference Call in Portuguese with simultaneous translation to English
March 19, 2021
10:30 a.m. (New York time)
11:30 a.m. (Brasília time)
02:30 p.m. (London time)
Phone NY:1 (412) 717-9627
Phone: +55 (11) 4210-1803
Code: EVEN
Replay: +55 11 3193-1012
Code: 5093197#
Webcast: Click here
Replay: A conference call replay facility will be available until March 25, 2021.
Cordially,
José Carlos Wollenweber Filho
CFO and Investor Relations Officer
Helio Amoni Neto
Investor Relations
IR Contact:
Phone: +55 11 3377-3699
E-mail:ri@even.com.br
www.even.com.br/ir
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 before 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.