RODOBENS ANNOUNCES 3Q16 RESULTS
São Paulo, November 10, 2016: Rodobens Negócios Imobiliários S.A. (BM&FBovespa: RDNI3, Bloomberg RDNI3:BZ), announces its results for the third quarter of 2016 (3Q16).
- Launches: 3 subdivision projects with total potential sales value (PSV) of R$86 million in 3Q16. Highlight for launch of Terra Jardim Uberaba, which is already 30% sold.
- Net Sales: R$103 million in 3Q16, the highest level of the past five quarters, supported by the newly created sales task force.
- Inventory turnover ratio (VSO): 14% in 3Q16, up 11 p.p. from 2Q16.
- SBPE Inventory: Total PSV of R$510 million in 3Q16, down 12% from 2Q16.
- Net Debt (ex-production debt/Equity): -5.0% in 3Q16, one of the lowest levels in the industry.
- Real Estate Credit Note (CCBI): issue in September of R$70 million with term of 15 years and interest of CDI + 2.15% p.a.
- Solid cash position: cash (R$300 million) plus performed receivables free of debt (R$235 million) corresponded to 2.06x times corporate debt at the end of 3Q16.
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)
November 11, 08:00 am EST
Brazil: +55 11 3127-4971 ou 3728-5971
USA and Other Countries: (+1) 516 300 1066
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 November 11 through November 18th. For access, please dial +55 (11) 3127-4999, and type the code 28672161 or access our IR website at www.rodobens.com/ir.
Phone: 55 (11) 2505-7726