Even discloses preliminary 4Q17 operating results

São Paulo, January 17, 2018 – 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 fourth quarter of 2017.

In the fourth quarter 6 projects were launched totaling R$ 402 million (Even’s share). Therefore, the 2017 accumulated launch value was R$ 1.1 billion (Even’s share).

Net sales came to R$ 274 million (Even’s share) in the fourth quarter, R$ 146 million of which from projects launched in the quarter (which SOS was 36%). The period sales over supply (SOS) ratio was 11%. The 2017 accumulated net sales reached R$ 1.13 billion (Even’s share), 10.5% growth year over year.

Land Bank¹
In the fourth quarter we acquired 4 new sites in Rio Grande do Sul, mainly through swaps, totaling a potential sales value of R$ 262 million (Even’s share). During 2017 we acquired 16 new sites, with PSV totaling R$ 2.07 billion (Even’s share). The land bank ended 2017 with PSV of R$ 6.0 billion (Even’s share).

In the fourth quarter, we delivered 10 projects with launch PSV of R$ 1.4 billion (Even’s share of launched PSV) and 2,660 units. In 2017 the volume of deliveries reached R$ 2.6 billion (Even’s share of launched PSV) and 4,924 units. Record number of deliveries in a year.

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.