Even discloses preliminary 3Q15 operating results

Even discloses preliminary 3Q15 operating results

São Paulo, October 19, 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 third quarter of 2015.

Launches¹
In the third quarter, two projects were launched, totaling R$140 million (Even‘s share).

Sales¹
Contracted sales totaled R$279 million (Even‘s share) in the third quarter, of which R$63 million (23%) from sales of launches in the quarter and R$215 million (77%) from units in inventory. The sales over supply (SOS) ratio was 10.0%.

Landbank¹
In the third quarter, we acquired the site of the Hom Nilo project (launched in the same quarter) through an swap agreement. We also canceled three sites in Rio de Janeiro with a total PSV of R$331 million, with a loss of R$1.4 million. As a result, our land bank closed 3Q15 with a PSV of R$6.0 billion (Even‘s share).

Deliveries¹
In the third quarter, we delivered six projects (1,608 units) with launch PSV of R$479 million (Even‘s share).

¹Unaudited management figures, subject to alteration.

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For further information, please contact our IR area:

Dany Muszkat
CFO and IRO

Ivan Bonfanti
Investor Relations Manager

IR Contact:

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