EZTEC - Investor Relations Mobile

3Q09 Earnings Release - Net Income grows 97% to R$128.3 million, with net margin of 33.5%

São Paulo, November 3, 2009 - EZTEC S.A. celebrates its 30th anniversary as one of the most profitable builders and developers in Brazil. The Company announces its results for the third quarter of 2009 (3Q09).


  • Net Revenue in the quarter was R$146.0 million, 42.7% higher year-on-year. In 9M09, net revenue came to R$382.6 million, up 54.5% year-on-year.
  • Gross Income in 3Q09 was R$61.4 million, up 17.8% in relation to 3Q08, for Gross Margin of 42.0%. In 9M09, gross income was R$158.5 million, growing by 35.1% year-on-year, representing gross margin of 41.4%.
  • EBITDA in 3Q09 was R$51.0 million, an increase of 583.4% in relation to 3Q08, for EBITDA Margin of 34.9%. In 9M09, EBITDA was R$125.8 million, a 169.3% increase year-on-year, representing EBITDA margin of 32.9%.
  • Net Income in 3Q09 was R$50.6 million, 283.6% higher than in 3Q08, for Net Margin of 34.6%. In 9M09, net income was R$128.3 million, up 98.9% over 9M08 and representing earnings per share of R$0.896.
  • EZTEC ended 3Q09 with Cash of R$166.7 million, Net Cash of R$116.8 million and Performing Receivables from real estate projects of R$76.6 million.
  • Two projects were launched in 3Q09: the commercial project Supéria Paraíso located near Avenida Paulista in São Paulo, with R$48.0 million in own PSV; and the second phase of the super-economic project Vidabella located in Mogi das Cruzes in the São Paulo Metropolitan Area, with R$4.3 million in own PSV. As a result, launches totaled R$52.3 million in 3Q09, 41.7% higher year-on-year.
  • In view of the strong sales of units in inventory, EZTECís share of Contracted Sales totaled R$148.1 million, up 84.5% versus 3Q08. EZTEC always discloses its sales net of brokerage and rescissions.
  • On September 30, 2009, EZTECís Land Bank was worth R$3.4 billion in own PSV. The average land bank acquisition cost was equivalent to 8.8% of PSV.

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Contact IR

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