Even discloses its 2Q20 results
São Paulo, July 30, 2020 – Even Construtora e Incorporadora S.A. – EVEN (B3: EVEN3), with operations in São Paulo, Rio Grande do Sul and Rio de Janeiro and a focus on medium and high-end residential developments, announces its results for the second quarter of 2020 (2Q20). The following consolidated financial and operating information, except where otherwise indicated, is presented in Reais (R$).
- Launch VSO of 61%;
- Net Sales of R$ 301 million;
- Net Revenues of R$ 374 million on 2Q20;
- Gross Profit of R$ 90 million on 2Q20 and adjusted gross margin of 27.5%.
- Net Income of R$ 27 million on 2Q20;
- Operational Cash Generation of R$ 155 million on 2Q20;
- Debt Net/Equity of 15.7%
In order to download the 2Q20 Earnings Release, please click here.
Even, aiming to ensure a fair disclosure of its results, also invites for the Conference Call:
Call in Portuguese with simultaneous translation to English
July 31, 2020
01:00 p.m. (New York time)
02:00 p.m. (Brasília time)
06:00 p.m. (London time)
Phone NY: +1 (929) 378-3440
Phone: +55 (11) 3127-4971
Replay: +55 11 3127-4999
Webcast: Click here
Replay: A conference call replay facility will be available until August 6, 2020.
CFO and Investor Relations Officer
Investor Relations Analyst
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.