São José do Rio Preto, March 15, 2018: RNI Negócios Imobiliários S.A. (BM&FBovespa: RDNI3, Bloomberg RDNI3:BZ), announces its results for the fourth quarter and year of 2017 (4Q17).


  • Cash Generation: R$179 million in 2017, versus cash burn of R$103 million in 2016;

  • Inventory Reduction: Total PSV in inventory (excluding launches) of R$334 million in 4Q17, down 44% (R$264 million) from 4Q16;

  • Debt: amortization of R$389 million in debt, as follows: i) Corporate debt: R$117 million, and ii) Production debt: R$272 million. The Net Debt/Equity ratio stood at 34.3%, down 18.9 p.p. from 2016;

  • Streamlinings of structure: reduction in structural expenses (cost of technical team, G&A and commercial), from R$137 million in 2016 to R$88 million* in 2017;

    In addition to meeting the targets, other highlights included:

  • Resumption of Launches: 3 projects launched with combined PSV of R$199 million;

  • Net Sales: R$294 million in 2017, up 10% from 2016;

  • Inventory turnover ratio (VSO): 20% in 4Q17, up 10 p.p. from the quarterly average of 10% in 9M17. The inventory turnover ratio for launches stood at 36%.;

*Excluding non recurring expenses

Click here to access the Earnings Release

This document is also available on our IR website: and

Conference call in Portuguese and Webcast (with simultaneous translation into English)
March 16th, 10:00 am EST
Brazil: + 55 (11) 3127-4971 or +55 (11) 3728-5971
USA and Other Countries: (+1) 516-300-1066
Code: Rodobens

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 March 16th through March 23th. For access, please dial +55 (11) 3127-4999, and type the conference code for the replay in English: 62415911 or Portuguese: 53474962 or access our IR website at

Contact Details:
Investor Relations
Phone: 55 (11) 2505-7677