Even discloses its 2Q16 results

Even discloses the 2Q16 results

São Paulo, August 11, 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, hereby announces its 2016 second quarter Results Schedule.

  • 1H16 gross sales of R$ 888 million (SOS of 31%) were 15% higher than the R$ 770 million recorded on 1H15 (SOS of 21%);
  • Net sales of R$ 582 million (Even‘s share) in 1H16, volume 12.7% superior than 1H15.
  • Continuous inventory reduction, which is below R$ 2.0 billion (Even‘s share);
  • The company delivered 8 projects this quarter totaling PSV of R$ 650 million, Even‘s share (considering sales prices at the time of launch);
  • Solid cash position of R$ 578 million.

In order to download the 2Q16 Earnings Release, please click here.

Even, aiming to ensure the fair disclosure of its results, also invites for the Conference Call:

Conference Call in Portuguese with simultaneous translation into English

August 12, 2016

1:00 p.m. (New York time)
2:00 p.m. (Brasília time)
6:00 p.m. (London time)

Phone NY: +1 (516) 300-1066
Phone: +55 (11) 3127-4971 or
+55 (11) 3728-5971
Code: EVEN

Replay: +55 11 3127-4999
Code: 57953345
Webcast: click here

Replay: A conference call replay facility will be available until August 19th, 2016.

Cordially,

Dany Muszkat
Co-CEO

Vinicius Mastrorosa
Strategy and IR Director

Ivan Bonfanti
IR Manager

Talles Oliveira
Investor Relations Analyst

IR Contact:
Phone: +55 11 3377-2499
Fax: +55 11 3377-3780
E-mail:ri@even.com.br
www.even.com.br/ir