Even discloses preliminary 3Q17 operating results
São Paulo, October 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 third quarter of 2017.
In the third quarter, 3 projects were launched, totaling R$ 271 million (Even’s share). Therefore, the 9M17 accumulated launch value was R$ 689 million (Even’s share).
Contracted sales came to R$ 332 million (Even’s share) in the third quarter, R$ 129 million of which from projects launched in the quarter (whose SOS was 48%), R$ 101 million form inventory units and the remainder R$ 102.3 million from the Urbanity corporate tower sale (inventory SOS was 10%, ex-Urbanity was 5%) Notice to the Market – Urbanity Sale. The period sales over supply (SOS) ratio was 14%.
In the third quarter, we acquired 3 new sites, in São Paulo, mainly through swaps, totaling a potential sales value of R$ 399 million (Even’s share). The land bank ended the third quarter with PSV of R$ 6.2 billion (Even’s share).
In the third quarter, 3 projects (466 units) with launch PSV of R$ 292 million (Even’s share of launched PSV) were delivered. In 9M17 the volume of deliveries reached R$ 1.2 billion (Even’s share of launched PSV).
¹ Unaudited management figures, subject to alteration.
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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.