RODOBENS ANNOUNCES 1Q17 RESULTS
São Paulo, May 11, 2017: Rodobens Negócios Imobiliários S.A. (BM&FBovespa: RDNI3, Bloomberg RDNI3:BZ), announces its results for the first quarter of 2017 (1Q17).
- Net Sales %RNI: R$49 million in 1Q17, up 10% on 1Q16;
- Inventory Turnover Ratio (SoS): 10% in 1Q17 in line with 1Q16, despite no launches in the quarter;
- Cancellations: R$41 million in 1Q17, down 60% from R$103 million in 4Q16;
- General and Administrative Expenses: R$15.5 million in 1Q17, a reduction of 25% compared to 4Q16;
- Cash Generation: of R$37 million in 1Q17, supported by the start of efforts to monetize the customer portfolio involving the SBPE projects to be delivered in 2017 and the portfolio-assignment operations;
- Assignment of Receivables Portfolio: in March 2017, we concluded two operations of assignment of receivables portfolio reaching R$25 million;
Click here to access the Earnings Release
This document is also available on our IR website: www.rodobens.com.br/ir and www.cvm.gov.br
Conference call in Portuguese and Webcast (with simultaneous translation into English)
May 12th, 10:00 am EDT
Brazil: + 55 (11) 3127-4971 or +55 (11) 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 May 13th through May 20th. For access, please dial +55 (11) 3127-4999, and type the conference code for the replay in English: 98387983 or Portuguese: 12011590 or access our IR website at www.rodobens.com/ir.
Phone: 55 (11) 2505-7677