Even discloses preliminary 4Q18 operating results

São Paulo, January 16, 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 fourth quarter of 2018.

In the fourth quarter, there were 7 projects launched totaling R$ 607 million (Even’s share). Therefore, the 2018 accumulated launch value was R$ 1.0 billion (Even’s share).

Net sales came to R$ 333 million (Even’s share) in the fourth quarter, R$ 190 million of which from the project launched in the quarter (which SOS was 31%). The sales over supply (SOS) ratio of the quarter was 14% and 35% in the year. The 2018 accumulated net sales reached R$ 1.11 billion (Even’s share).

Land Bank¹
In the fourth quarter we acquired 4 new sites in São Paulo and Rio Grande do Sul, mainly through swaps, totaling a potential sales value of R$ 456 million (Even’s share). The land bank ended the year of 2018 with PSV of R$ 6.7 billion (Even’s share).

In the fourth quarter, we delivered 7 projects with launch PSV of R$ 353 million (Even’s share of launched PSV) and 1,419 units. In 2018 the volume of deliveries reached R$ 737 million (Even’s share of launched PSV) and 2,853 units.

In the fourth quarter, there were R$ 125 million of cancellations.

¹ Unaudited management figures, subject to alteration.

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For further information, please contact our IR area:

Vinícius Mastrorosa

Maria Luiza dos Anjos
Investor Relations and Accounting Manager

Natália Vasconcelos
Investor Relations Analyst

IR Contact:

Phone: (0xx11) 3377-3699

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 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.