Even posts record sales in 2Q13, reaching R$612 million

Even posts record sales in 2Q13, reaching R$612 million

São Paulo, August 12, 2013 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBOVESPA: EVEN3), a builder and developer with operations in the states of São Paulo, Rio de Janeiro, Rio Grande do Sul and Minas Gerais, focused on residential developments with units priced above R$250,000, announces its results of the second quarter of 2013 (2Q13). Except where stated otherwise, the consolidated financial and operating information herein is presented in Brazilian real (R$). The main Highlights of the period are the following:

  • Record sales: R$612 million (Even‘s share)
  • Sales-over-supply ratio (VSO) was 25% in 2Q13
  • Complete inventory represents only 5% of total inventory
    and 5% will be delivered within this year
  • Land acquisitions totaling R$589 million
  • Execution Capacity: we executed 97% of our construction projects ourselves. No works reassigned
  • Low leverage ratio (Net Debt/Shareholders‘ Equity) of 51.8%
  • LTM ROE of 16.4% and Annualized ROE of 16.8%

In order to download the 2Q13 Earnings Release, please click here.

Even, aiming to ensure the fair disclosure of its results, also invites for the Conference Calls:

English
Conference Call

Portuguese
Conference Call

August 13, 2013
11:00 am (New York time)
12:00 pm (Brasília time)
04:00 pm (London time)
Phone: +1 (412) 317-6776
Code: EVEN
Replay: +1 (412) 317-0088
Code: 10031974
Webcast: Click Here

August 13, 2013
09:00 am (New York time)
10:00 am (Brasília time)
02:00 pm (London time)
Phone: +55 (11) 3127-4971 or
(11) 3728-5971
Code: EVEN
Replay: +55 (11) 3127-4999
Code: 23400918
Webcast: Click Here

Participants are requested to connect 15 minutes prior to the schedule.

Replay: A conference call replay facility will be available from August 13 through August 22, 2013.

In order to access the replay, dial mentioned numbers above.