EZTEC Empreendimentos e Participacoes : Notice to the Market - EZTEC announces Preliminary 4Q14 Operating Results
January 23, 2015 at 02:02 am IST
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EZTEC launches R$1.1 billion and Sells R$881.3 million in 2014
Launched projects are 61% sold
São Paulo, January 22nd, 2015 - EZTEC SA (BOVESPA: EZTC3; Bloomberg: EZTC3: BZ), announces its preliminary operating results for the fourth quarter 2014 (4Q14). Note that the results presented here are managerial results and are subject to revision following the external audit. The complete and audited results for the 4Q14 are scheduled to be disclosed on March 24th, 2015, after market closure.
2014´s Closure:
EZTEC adopted a safe stance in a year with non-recurring events such as the Football World Cup and presidential and state elections, combined with a challenging macro scenario which reduced Consumer confidence. The Company concentrated its efforts in the sale of inventory units while, at the same time, dimensioning its launch volume to the scenario faced in 2014. Resulting in well sold projects, maintenance of inventory in adequate levels and high margins.
EZTEC launched, in the 4Q14, two residential projects: [i] the Prime House Bussocaba project, for R$119.8 million of EZTEC PSV; and [ii] the Legítimo Santana project, for R$49.8 million of EZTEC PSV. In all, EZTEC launched 638 units and R$169.6 million in own PSV in the fourth quarter. Considering the 9M14 Launches and the 30% acquisition of the Cidade Maia project, the Company launched R$1,068.4 million in 2014.
Sales, in the fourth quarter, totaled R$192.3 million, noting that R$115.5 million corresponded to units launched in previous quarters. Considering the volume sold in the first nine months of the year and the additional R$154.0 million from the Cidade Maia project stake acquisition, EZTEC accumulated R$881.3 million sold in 2014.
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EZTEC Empreendimentos e Participacoes SA is a Brazil-based company involved in the real estate development sector. The Company focuses on the land acquisition and subdivision, project development, buildings construction and sale, as well as management and leasing of own properties, among others. In addition, it provides services related to civil engineering operations, such as supervision, research, projecting and other technical services. The Company's activities are divided into two business segments: Commercial, which develops office buildings, and Residential, which develops housing projects for low, middle and high-income customers. It primarily invests in lands located in the city and metropolitan area of Sao Paulo, Brazil.
EZTEC EMPREENDIMENTOS E PARTICIPAÇÕES S.A. 
