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Even announces its 1Q14 Results
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Cash generation of R$17.2 million
Land acquisitions in the quarter representing potential sales of R$1.1 billion, with 83% in SP
São Paulo, May 07, 2014 - 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$250,000, announces its results of the first quarter of 2014 (1Q14). Except where stated otherwise, the consolidated financial and operating information herein is presented in Brazilian real (R$). The main Highlights of the period are the following:
- Cash generation of R$17.2 million;
- Low leverage ratio (Net Debt/Shareholders’ Equity) of 47.2%;
- Land acquisitions in the quarter representing PSV of R$1.1 billion, 83% of which located in SP;
- Gross margin of 35.3%, posting a consistent growth;
- LTM ROE of 14.9%;
- We delivered six projects in 1Q14 with PSV of R$367 million (considering sales price at the time of launch, Even’s share);
- Even was included in the Ibovespa index portfolio in January 2014 and remained included after the rebalancing in May;
In order to download the 1Q14 Earnings Release, please click here.
Even, aiming to ensure the fair disclosure of its results, also invites for the Conference Calls:
May 08, 2014
May 08, 2014
Participants are requested to connect 15 minutes prior to the schedule.
Replay: A conference call replay facility will be available until May 14th, 2014.
In order to access the replay, dial mentioned numbers above.