Even discloses preliminary 3Q20 operating results
São Paulo, October 08th, 2020 – Even Construtora e Incorporadora S.A. – EVEN (B3: EVEN3), high medium income homebuilder, with operations in São Paulo, Rio Grande do Sul e Rio de Janeiro, announces its operating results preview and unaudited numbers of launches, sales, land bank, deliveries and cancellations of 3Q20.
LAUNCHES OF R$ 622 MILLION (% EVEN),
NET SALES REACHES R$ 480 MILLION (%EVEN),
POTENTIAL PSV ACQUISITION OF R$ 1.3 BILLION IN LAND BANK.
In 3Q20, 5 projects were launched with a PSV of R$ 622 million in 3Q20, 165% and 124% higher than 2Q20 and 3Q19, respectively (% Even). In 9M20, 10 projects/phases were launched, totalizing PSV of R$ 888 million (%Even).
In 3Q20 Sales totaled R$ 480 million¹, 84% higher than the same period in 2019 and 59% higher than the previous quarter (% Even), representing a consolidated VSO of 20%. Inventory sales totaled R$ 268 million with a 15% VSO. Of the projects launched in the quarter, R$ 212 million were sold.
In 3Q20, 2 projects were delivered in Rio Grande do Sul, totaling 705 units and PSV of R$ 88 million (% Even.
In 3Q20, 03 plots of land were acquired, all located in São Paulo with a potential PSV of R$ 1.3 billion, and 1,200 units. The potential PSV of the Land Bank totaled R$ 7.3 billion (% Even) in 3Q20.
Preview and unaudited numbers
¹R$ 68 million related to the sale of the tower of the Clári Residencial – Studio project through the sale of SPV’s shares.
To access the file in PDF click here.
For further information, please contact our IR área:
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 b! efore 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.