Even discloses preliminary 3Q16 operating results

Even discloses preliminary 3Q16 operating results

São Paulo, October 17, 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 third quarter of 2016.

Launches¹
In the third quarter, 3 projects were launched, totaling R$ 386 million (Even’s share).

Sales¹

Contracted sales totaled R$ 206 million (Even’s share) in the third quarter, of which R$ 107 million (52%) from sales of launches in the quarter and R$ 99 million (48%) from units in inventory. The sales over supply (SOS) ratio was 8.6%.

Landbank¹
In the third quarter, we acquired 4 new sites mainly through swaps, totaling a potential sales value of R$ 363 million (Even’s share). The land bank ended the third quarter with PSV of R$ 5.3 billion (Even’s share).

Deliveries¹
In the third quarter, 6 projects (1,301 units) with launch PSV of R$ 593 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

Talles Oliveira
Investor Relations Analyst

IR Contact:

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