Even discloses preliminary 2Q19 operating results
São Paulo, July 12, 2019 – 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 2019.
In the second quarter, there was 1 project launched totaling R$ 155 million (Even’s share).
Net sales came to R$ 492 million (Even’s share) in the second quarter, R$ 32 million of which from the project launched in the quarter which SOS was 21%. The sales over supply (SOS) ratio of the quarter was 20%, reaching the best SOS since 2013.
In the second quarter we acquired 1 new site in São Paulo, through swap, totaling a potential sales value of R$ 215 million (Even’s share). The land bank ended the quarter with PSV of R$ 6.9 billion (Even’s share).
In the second quarter, we delivered 4 projects with launch PSV of R$ 314 million (Even’s share of launched PSV) and 706 units.
In the second quarter, there were R$ 74 million of cancellations.
¹ Unaudited management figures, subject to alteration.
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Maria Luiza dos Anjos
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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 b! efore clients and neighboring communities. Its shares are traded on the Novo Mercado Special Corpor! ate Governance segment of the B3 – Brasil, Bolsa, Balcão, under the ticker EVEN3.