Even discloses preliminary 1Q15 operating results

Even discloses preliminary 1Q15 operating results

São Paulo, April 22, 2015 - 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 preliminary and unaudited data for launches, sales, land acquisitions and deliveries in the first quarter of 2015.

In 1Q15, Even focused on selling its inventory (R$2,996 million on December 31, 2014, Even‘s share) and did not launch any projects.

Contracted Sales totaled R$254 million (Even‘s share) in the first quarter. The sales/supply ratio was 8%.

It is worth mentioning that the sale of units in inventory declined by 10% over 1Q14.

In the first quarter, we acquired two sites with a combined PSV of R$134 million (Even‘s share). As a result, our land bank closed 1Q15 at R$6.3 billion in PSV (Even‘s share).

The site acquired in Rio Grande do Sul will be 100% paid with physical exchange.

In 1Q15, we delivered four projects (897 units) with launch PSV of R$218 million (Even‘s share).

¹Unaudited management figures, subject to alteration.

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For further information, please contact our IR area:

Dany Muszkat

Ivan Bonfanti
Investor Relations Manager

IR Contact:

Phone: +55 11 3377-3777
Fax: +55 11 3377-3780
E-mail: ri@even.com.br