Even discloses preliminary 1Q17 operating results

São Paulo, April 17, 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 and Rio Grande do Sul, focused on residential developments with units priced above R$ 250,000, announces its preliminary and unaudited data for launches, sales, land acquisitions and deliveries in the first quarter of 2017.

In the first quarter, three projects were launched, totaling R$ 418 million (Even’s share).

Net contracted sales totaled R$ 211 million (Even’s share) in the first quarter, of which R$ 87 million (41%) from sales of launches in the quarter and R$ 123 million (59%) from units in inventory. The sales over supply (SOS) ratio was 8%.

Land Bank¹
In the first quarter, we acquired 7 new sites mainly through swaps, totaling a potential sales value of R$ 1.2 billion (Even’s share). The land bank ended the year with PSV of R$ 5.9 billion (Even’s share).

In the first quarter, 6 projects (1,172 units) with launch PSV of R$ 586 million (Even’s share of launched PSV) were delivered.

¹ Unaudited management figures, subject to alteration.

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