Even discloses its 3Q20 results
São Paulo, November 12, 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 third quarter of 2020 (3Q20) and the accumulated results of the nine first months of 2020 (9M20). The following financial and operating information is consolidated, except where otherwise indicated, and is shown in Brazilian Real (R$).
- Operational Cash Generation R$ 142 million1.
- Net Income of R$ 41 million in 3Q20.
- Launches of R$ 622 million (% Even).
- Net Sales of R$ 480 million (% Even).
- Net revenue of R$ 435 million.
- Gross Profit of R$ 117 million.
- Net Debt to Equity of -15,2%
1 Adjusted for the payment of R$ 30 million in dividends and the cash generated in the Melnick IPO.
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
November 13, 2020
2:00 p.m. (New York time)
04:00 p.m. (Brasília time)
07:00 p.m. (London time)
Phone NY: 1 (412) 717-9627
Phone: +55 (11) 3181-8565
Replay: +55 11 3193-1012
Webcast: Click here
Replay: A conference call replay facility will be available until November 19, 2020.
José Carlos Wollenweber Filho
CFO and Investor Relations Officer
Helio Amoni Neto
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.