EZTEC - Investor Relations Mobile

EZTEC announces preliminary 3Q11 operating results


EZTEC’s launches total R$778.4 million in 9M11
and sales grow 16.3% from 9M10

São Paulo, October 11, 2011 - EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3: BZ) announces its preliminary operating results for the third quarter of fiscal year 2011 (3Q11). Note that the results presented here are managerial results and subject to revision following the external audit. The complete and audited results for 3Q11 are scheduled to be disclosed on November 14, 2011, after market close.

As announced on February 14, 2011, EZTEC’s Guidance for fiscal year 2011 was to launch projects with own potential sales value (PSV) of between R$1.0 billion and R$1.2 billion. In 3Q11, EZTEC launched Sophis Santana, a high-end residential project in São Paulo, with own PSV of R$108.5 million. EZTEC‘s own PSV launched in 9M11 amounted to R$778.4 million, reaching 70.8% of the center of the guidance.

Contracted sales (net of rescissions and brokerage fees) totaled R$161.3 million, up 35.7% on 3Q10, of which 25.9% corresponded to the sale of units launched before 2Q11. Year-to-date sales came to R$634.8 million, up 16.3% on the same period last year.

In 3Q11, EZTEC delivered the residential project Premiatto, located in the city of Jundiaí. At launch, the middle-income residential project, delivered on time, totaled PSV of R$116.2 million, with EZTEC’s share being 50%.

EZTEC acquired three new sites in 3Q11, two in São Paulo city and one in Santos, shore of São Paulo state, all of them targeted at the development of high and middle-high residential projects and which add own PSV of R$347.7 million to the Company’s landbank. Thus, EZTEC acquired ten new sites during the course of 2011, adding R$732.2 million to its landbank, besides expanding existing sites. The profitability criteria adopted by the Company in the acquisition of these sites were the same as those utilized before the IPO.

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E-mail: ri@eztec.com.br