RODOBENS ANNOUNCES 2Q16 RESULTS
São Paulo, August 11, 2016: Rodobens Negócios Imobiliários S.A. (BM&FBovespa: RDNI3, Bloomberg RDNI3:BZ), announces its results for the second quarter of 2016 (2Q16).
- Recovery in Launch Volume: R$169 million in 1H16, compared to R$98 million in 1H15. In 2Q16, we launched our first development project in Sinop with total PSV of R$82 million.
- Gross Sales: R$110 million in 2Q16. Strong sales volume growth in Stillo segment, to R$64 million, which was 2.2 times higher than sales volume in 1Q16.
- Transfers: R$36 million in 2Q16, up 65% from 1Q16, with transfers in the SBPE system of R$19 million.
- Reduction in corporate debt: from R$298 million in 1Q16 to R$196 million in 2Q16.
- Net Debt (ex-production debt/Equity): -3.3% in 2Q16, one of the lowest levels in the industry.
- Solid cash position: cash (R$224 million) plus performed receivables free of debt (R$207 million) represented 2.19 times the Companys corporate debt at end-2Q16.
Click here to access the Earnings Release
This document is also available on our IR website: www.rodobens.com.br/ir e www.cvm.gov.br
Conference call in Portuguese and Webcast (with simultaneous translation into English)
August 12, 15:00 pm EDT
Brazil: + 55 (11) 2188-0155
USA and Other Countries: (+1) 646-843-6054
Slides and Webcast: The presentation slides will be available for reading and download from our investor relations website. The audio of the conference call will be transmitted live at our IR website.
Replay: The recorded audio of the teleconference will be available for replay from August 12 through August 19th. For access, please dial +55 (11) 2188-0400, and type the code Rodobens or access our IR website at www.rodobens.com/ir.
Phone: 55 (11) 2505-7726