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EZTEC announces 2011 Guidance

EZ TEC EMPREENDIMENTOS E PARTICIPAÇÕES S.A. (“EZTEC”), pursuant to Article 157, paragraph 4° of Law 6404 of December 15, 1976 and Instruction 358 issued by the Brazilian Securities and Exchange Commission (CVM) on January 3, 2002, and amendments thereto, hereby informs its investors and the market in general:


As announced on March 8, 2010, EZTEC’s management forecasts launched Potential Sales Value (PSV) of R$700.0 million to R$900.0 million for the year of 2010. With the launch of Gran Village Vila Formosa project, on November 19, 2010, EZTEC meets its agenda for 2010, reaching R$887.1 million in launches for the year.

2010E 11M10
Launched PSV R$700.0 million to R$900.0 million R$887.1 million

At the same time, EZTEC forecasted gross margin of at least 40.0% and net margin of at least 30.0%, in accordance with accounting standards. Verifying the results for the first nine months of 2010, gross margin for the period totaled 46.7%, 6.7p.p. above the forecasted minimum. Net margin, for its turn, reached 37.7% in 9M10, 7.7p.p. above the forecasted minimum:

2010E 9M10
Gross Margin At least 40% 46.7%
Net Margin At least 30% 37.7%


For the year of 2011, EZTEC forecasts the launch, in terms of Potential Sales Value, of R$1.0 billion to R$1.2 billion.

Launched PSV R$1.0 billion to R$1.2 billion

This material fact contains projections, which are based exclusively on the beliefs of EZTEC´s management and are therefore subject to risks and uncertainties. These projections take into account such factors as the performance of the economy, the market and the real estate sector, as well as operational conditions. Any changes in the above-mentioned beliefs or factors may cause actual results to differ from the disclosed projections.

São Paulo, November 22, 2010

Antônio Emílio Clemente Fugazza
Chief Financial and Investor Relations Officer

Contact IR

Telephone: +55 11 5056 8313
E-mail: ri@eztec.com.br