EVEN Construtora e Incorporadora : discloses preliminary 4Q16 operating results

São Paulo, January 16, 2017 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBOVESPA: EVEN3), a builder and developer with operations in the states of São Paulo, Rio de Janeiro, Rio Grande do Sul and Minas Gerais, focused on residential developments with units priced above R$ 250,000, announces its preliminary and unaudited data for launches, sales, land acquisitions and deliveries in the fourth quarter of 2016.

Launches¹
In the fourth quarter, 7 projects were launched, totaling R$ 413 million (Even's share). During 2016, the company launched 19 projects with a total PSV of R$ 1.13 billion (Even's share).

Sales¹
Net contracted sales totaled R$ 237 million (Even's share) in the fourth quarter, of which R$ 104 million (44%) from sales of launches in the quarter and R$ 133 million (56%) from units in inventory. The sales over supply (SOS) ratio was 9.0%.

Along the year of 2016 net sales totaled R$ 1.02 billion (Even's share).

Land Bank¹ In the fourth quarter, we acquired 4 new sites mainly through swaps, totaling a potential sales value of R$ 377 million (Even's share). In 2016 17 new sites were acquired with a total PSV of R$1.13 billion (Even's share). The land bank ended the fourth quarter with PSV of R$ 5.2 billion (Even's share).

Deliveries¹
In the fourth quarter, 6 projects (1,041 units) with launch PSV of R$ 547 million (Even's share of launched PSV) were delivered. In 2016, the company delivered its record volume of R$ 2.3 billion PSV2 (Even's share) totaling 5,433 units.

¹ Unaudited management figures, subject to alteration.
² Figure in R$ million, considering the sales price at time of launch.

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For further information, please contact our IR area:

Dany Muszkat
Co-CEO

Vinícius Mastrorosa
Strategy and IR Director

Talles Oliveira
Investor Relations Analyst

IR Contact:

Phone: (0xx11) 3377-3682
E-mail: [e-mail]
www.even.com.br/ri/