EVEN DISCLOSES PRELIMINARY 4Q20 OPERATING RESULTS
São Paulo, January 14th, 2020 – Even Construtora e Incorporadora S.A. – EVEN (B3: EVEN3), high medium income homebuilder, with operations in São Paulo and Rio Grande do Sul, announces its operating results preview and unaudited numbers of 4Q20.
LAUNCHES OF R$ 482 MILLION (% EVEN) IN 4Q20, CASH GENERATION* OF R$ 467 MILLION IN 4Q20.
Launches
In 4Q20, 2 projects were launched in São Paulo, with a PSV of R$ 444 million. In Rio Grande do Sul, Supreme Altos do Central Park project was launched, with a PSV of R$ 38 million (% Even). The total launch PSV was R$ 482 million in 3Q20 (% Even). In 2020, 13 projects/phases were launched, totalizing PSV of R$ 1.4 billion (%Even).
Sales
In 4Q20 Sales totaled R$ 402 million (% Even), representing a consolidated VSO of 17%. Inventory sales totaled R$ 230 million with a 15% VSO. Of the projects launched in the quarter, R$ 171 million were sold (36% VSO). In 2020, sales totaled R$ 1.4 billion (% Even).
Cash Generation
Operating Cash Generation reached R$ 236 million in 4Q20. Considering the cash inflow from the sale of assets in Rio de Janeiro to FII ERCR11, Cash Generation in the quarter was R$ 467 million.
Preview and unaudited numbers
To access the file in PDF click here.
For further information, please contact our IR área:
José Carlos Wollenweber Filho
CFO and Investor Relations Director
Helio Amoni Neto
Investor Relations
IR Contact:
Phone: (11) 3377-3699
E-mail: ri@even.com.br
www.even.com.br/ri/
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 Corporate Governance segment of the B3 – Brasil, Bolsa, Balcão, under the ticker EVEN3.