EZTEC - Investor Relations Mobile

EZTEC announces Preliminary 2Q17 Operating Results


Net Sales accelerate and reach the highest mark in six quarters
The year‘s first launch has 56% of units sold within two months

São Paulo, July 13th, 2017 - EZTEC SA (BOVESPA: EZTC3; Bloomberg: EZTC3: BZ), announces its preliminary operating results for the second quarter of 2017 (2Q17). Note that the results presented here are managerial results and are subject to revision following the external audit. The complete and audited results for 2Q17 are scheduled to be disclosed on August 10th, 2017, after market closure.

Launches

The second quarter of 2017 was marked by the first launch of the year, Legittimo Vila Romana: a high-income residential project, located in Vila Romana - Lapa, in the West Zone of the City of São Paulo, with 54 units and a PSV of R$49.5 million.

Legittimo Vila Romana fits the profile of the projects that EZTEC has been launching since 2015: [i] projects directed towards the mid-high and high income segments, as these are the ones with the most resilience in a period marked by restricted income and access to credit; [ii] projects that are well located within the City of São Paulo, aiming at each neighborhood‘s organic, regional demand, as opposed to stimulating migratory fluxes; and [iii] projects with fewer units, such that the risk associated to the launches gets diluted. The Legittimo Vila Romana project, which fits those criteria, was launched in April and has demonstrated adequate sales speed.

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Contact IR

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