Home > > News
Even announces its 3Q13 Results
- Decrease font
- Increase font
- Send to a friend
Click here to bookmark this page
Customize your Bookmarks:
- Type the name of the page the way you would like it to appear in "My Bookmarks";
- Click in the "Add as My Bookmarks" button.
To choose your favorite sessions, please click here.
Cash generation of R$59 million in 3Q13
São Paulo, November 04, 2013 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBOVESPA: EVEN3), a company with operations in São Paulo, Rio de Janeiro, Rio Grande do Sul and Minas Gerais, and a focus on residential developments with units priced above R$250,000, announces its results of the third quarter of 2013 (3Q13). Except where stated otherwise, the consolidated financial and operating information herein is presented in Brazilian real (R$). The main Highlights of the period are the following:
- Cash generation of R$59 million;
- Net Income of R$ 196.3 million in 9M13;
- LTM ROE of 15.9%;
- Gross Margin of 35.5%;
- Low leverage ratio (Net Debt/Shareholders‘ Equity) of 47.7%;
- Complete inventory represents only 6% of total inventory, and only 3% will be delivered within this year;
- We delivered 25 projects in the first nine months, with PSV of R$1.1 billion (considering the sales price at time of launch, Even‘s share), equivalent to 82% of estimated delivery for the year.
In order to download the 3Q13 Earnings Release, please click here.
Even, aiming to ensure the fair disclosure of its results, also invites for the Conference Calls:
November 05, 2013
November 05, 2013
Participants are requested to connect 15 minutes prior to the schedule.
Replay: A conference call replay facility will be available from November 06 through November 12, 2013.
In order to access the replay, dial mentioned numbers above.