Even discloses preliminary 2Q17 operating results

São Paulo, July 10, 2017 – Even Construtora e Incorporadora S.A. – EVEN (B3: 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 second quarter of 2017.

There were no launches in the second quarter due to the advance for the first quarter of the launches initially forecast for the 2Q17. Even so, in the accumulated of the first 6 months of the year, the launches surpass the launches of the same period of 2016.

With no launches in the quarter, total sales were in inventory units, reaching R$ 312 million (Even’s share) and reaching an inventory SOS (sales over supply) of 12.5%, the highest inventory SOS in the last 14 quarters.

Land Bank¹
In the second quarter, we acquired 2 new sites mainly through swaps, totaling a potential sales value of R$ 213 million (Even’s share). The land bank ended the second quarter with PSV of R$ 6.1 billion (Even’s share).

In the second quarter, 4 projects (626 units) with launch PSV of R$ 331 million (Even’s share of launched PSV) were delivered.

¹ Unaudited management figures, subject to alteration.

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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 BM&FBOVESPA – Securities, Commodities and Futures Exchange, under the ticker EVEN3.