EZTEC EMPREENDIMENTOS E PARTICIPAÇÕES S.A. 
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With Lauches on the top of the Guidance, Sales grow 84% and reaches the record of R$1.61 billion in 2013 SoS reaches 56.3% São Paulo, January 22nd, 2014 - EZTEC S.A. (BM&FBOVESPA: EZTC3; Bloomberg: EZTC3:BZ) announces its Preliminary Operating Results for the fourth quarter 2013 (4Q13) and 2013. Note that the results presented here are managerial results and subject to revision following the external audit. The complete and audited results for the 4Q13 and the fiscal year of 2013 are scheduled to be disclosed on March 26th, 2014, after market closure.
EZTEC launched, in the fourth quarter of 2013, the first three phases of the Cidade Maia project, located in Guarulhos, in the São Paulo Metropolitan Area, with units of mid-end standards. The first phase, called Jardim has 2 residential towers, with a total of 280 mid-end units and R$115.8 million in own PSV. The second phase, called Praça, has 2 residential towers, with a total of 451 mid-end units and R$147.3 million in own PSV, and The third phase called Alameda, has 1 residential tower, with a total of 448 mid-end units and R$89.0 million in own PSV. Therefore, the company launched 1,179 units for an own PSV of R$352.2 million in the fourth quarter of 2013. For the year of 2013, EZTEC´s guidance of launches was between R$1.2 and R$1.4 billion. The Company launched in the end of 2013, R$1.35 billion in recurring business, reaching 104% of the guidance midpoint. Finally, considering the R$564 million of the EZ Towers - Tower A corporate project, the Company launched R$1.92 billion in 2013, 61% higher than in the same period of the previous year.
In 2013, EZTEC set a historical Sales record (net of cancellations and brokerage fees), R$1.6 billion sold, 84% higher than the same period of the previous year. Considering just the Company's recurring business, EZTEC sold R$1.04 billion, growing 19% compared with the same period of the previous year. It is important to highlight that, in 2013, the company sold 50% of the largest project in its history, EZ Towers - Tower A for R$564 million; besides being able to provide liquidity as for launches as to units in inventory, whereas R$421 million of sales refers to projects launched in previous years, and ending the year with 97% of delivered project units sold. In the 4Q13, EZTEC´s contracted sales reached R$273.0 million, highlighting the sales of the project Cidade Maia, launched in mid-December, which is 40% sold. Managerial data points out that by the closing time of this document, this project had 57% of its units sold. As for the quarter´s sales, R$152.2 million refers to projects launched in previous quarters. For further information and to access the full document, click here.
For further information contact: About EZTEC: With 34 years of operations, EZTEC is one of the most profitable publicly-traded companies in Brazil's real estate development and building industry. Based on its fully integrated business model, EZTEC has already launched 108 projects, totaling more than 3.1 million square meters of built area and area under construction, and 22,776 units. EZTEC S.A. is listed on the Novo Mercado special corporate governance segment of the São Paulo Stock Exchange (BM&FBOVESPA) under the ticker EZTC3. | |
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