EZTEC - Investor Relations Mobile

Notice to the Market - EZTEC announces preliminary 1Q12 operating results


EZTEC sells 88% of the 1Q12 launches and programs to reach 50% of
the Guidance of launches in the 1H12

São Paulo, April 16, 2012 - EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3:BZ) announces its preliminary operating results for the first quarter of fiscal year 2012 (1Q12). Note that the results presented here are managerial results and subject to revision following the external audit. The complete and audited results for 1Q12 are scheduled to be disclosed on May 15, 2012, after market close.

As announced on February 13, 2012, EZTEC’s Guidance for the fiscal year 2012 is to launch projects with own Potential Sales Value (PSV) of between R$1.2 billion e R$1.4 billion. In 1Q12, EZTEC launched 2 projects: the commercial Neo Offices, in the Santo Amaro district, in the city of São Paulo, with own PSV of R$40.8 million; and the middle-end residential project Bosque Ventura, in the city of Guarulhos, in the São Paulo Metropolitan Area (SPMA), with own PSV of R$103.4 million. These launches totaled R$144.2 million of EZTEC’s PSV, which represents 11.1% of the center of the Guidance for the year.

Compared to the same period last year, there was a reduction of 67.6% in the volume, due to the strategy adopted by the Company in the first half of 1Q12, focusing its brokers to sell projects launched in the end of 2011.

Contracted Sales (net of rescissions and brokerage fees) reached R$238.9 million and had as highlight not only the performance of 1Q12 launches, with 88% of its units sold on average, but also of projects launched in 4Q11, which corresponded to 36.5% of the sales.

Compared to other periods, there was a decrease of 4.1% over the previous quarter and a 36.3% decrease over 1Q11, due to the smaller volume of projects launched in the period, according to the strategy mentioned previously. However, it shoud be pointed out the sales over supply (SOS) of the Company, 32.1% in 1Q12.

EZTEC acquired 3 new sites in 1Q12, 1 in the city of São Paulo and 2 in the SPMA. These sites added own PSV of R$766.8 to the Company’s landbank. In addition, EZTEC expanded existing sites. The profitability criteria adopted by the Company in the acquisition of these sites were the same as those utilized before the IPO.

EZTEC programs, for 2Q12, the release of up to 9 projects, which are in final phase of approval and which sales stands are open. Considering the volume released in 1Q12, the Company programs to reach 50% of the floor of the Guidance, of between R$1.2 billion e R$1.4 billion, at the end of the 1H12. Among the projects to be launched, there should be highlighted: the commercial Green Work, located in the Jabaquara district in the city of São Paulo, with own designed PSV of R$ 115.0 million; the second phase of the residential project in the site Moinho Fabrini, in São Bernardo do Campo, in the SPMA, designed with own PSV of R$ 111.0 million; the residential Palais Les Champs, in the city of Campos do Jordão, in the countryside of the state of São Paulo, with own designed PSV of R$ 100.8 million; a mixed residential and commercial project in the site Jundiaí IV, in the countryside of the state of São Paulo, with own designed PSV of R$ 98.0 million; the residential Chácara Cantareira, in the city of São Paulo, with own designed PSV of R$61.3 million; and the residential Massimo Nova Saúde, in the city of São Paulo, with own designed PSV of R$ 54.5 million.

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Contact IR

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