Even discloses preliminary 2Q16 operating results

Even discloses preliminary 2Q16 operating results

São Paulo, July 12, 2016 - 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 second quarter of 2016.

Launches¹
In the second quarter, six projects were launched, totaling R$ 236 million (Even’s share).

Sales¹
Contracted sales totaled R$ 268 million (Even’s share) in the second quarter, of which R$ 91 million (34%) from sales of launches in the quarter and R$ 177 million (66%) from units in inventory. The sales over supply (SOS) ratio was 11.8%.

Landbank¹
In the second quarter, we acquired 2 new sites through swaps totaling a potential sales value of R$ 219 million (Even’s share) in Rio Grande do Sul. In addition, there was the cancellation of a land plot located in Rio de Janeiro whose amount disbursed so far (R$ 15 million) will be fully refunded. Our land bank ended the second quarter with PSV of R$ 5.3 billion (Even’s share).

Deliveries¹
In the second quarter, eight projects (1,822 units) with launch PSV of R$ 650 million (Even’s share of launched PSV) were delivered.

¹Unaudited management figures, subject to alteration.

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For further information, please contact our IR area:

Dany Muszkat
Co-CEO

Vinicíus Mastrorosa
Strategy and IR Director

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