EZTEC - Investor Relations Mobile

Notice to the Market - EZTEC announces Preliminary 1Q14 Operating Results



Sales reached R$143 million in the 1Q14, 91% from inventory units
Launches reached R$ 311.2 million in the quarter

São Paulo, April 17th, 2014 - EZTEC SA (BOVESPA: EZTC3; Bloomberg: EZTC3: BZ), announces its preliminary operating results for the first quarter 2014 (1Q14). Note that the results presented here are managerial results and are subject to revision following the external audit. The complete and audited results for 1Q14 are scheduled to be disclosed on May 15th, 2014, after market closure.

EZTEC launched, in March 27th, 2014, the last two phases of the Cidade Maia project, located in Guarulhos, in the São Paulo Metropolitan Area, with middle-end units. The Botânica phase has 2 residential towers, with a total of 566 middle-end units and R$182.8 million in own PSV. The Reserva phase 2 more residential towers, with a total of 224 middle-end units and R$128.5 million in own PSV. Therefore, the company launched 790 units for an own PSV of R$311.2 million in the first quarter of 2014.

The Sales volume reached by EZTEC was R$142.8 million in the 1Q14 (net of cancellations and brokerage fees), out of which, 91% referring to projects launched in previous quarters. In the last weekend of March, the Company launched the last two phases of the Cidade Maia project and current managerial data indicates that 19% of its units were sold by the closing of this report.


For further information and to access the full document, click here.


Contact IR

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