EZTEC expects stronger growth in 2018, says director

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Eztec plans to accelerate business in 2018,

Eztec plans to accelerate business in 2018, with the expansion of launches and the start of construction of its new corporate venture, anticipated the Chief Financial and Investor Relations Officer, Emílio Fugazza .

"For the coming year, the expectation is for more pronounced growth, as we believe that we are achieving success in sales of the latest launches," said Fugazza, in an interview with Broadcast. The three projects launched this year have already had 38% of sales, a level considered healthy by the executive. "This shows that there is demand," he evaluated.

The forecast is that Eztec will end 2017 with launches totaling R $ 350 million in general sales value (PSV). Although it is not much in absolute terms, compared to the company's history, it already represents a 50% advance compared to 2016.

Among the estimated launches for the coming year are two projects within the framework of Minha Casa Minha Vida (MCMV). The objective is not to deepen the performance within the program, but to take advantage of land that already had synergies with this profile of popular housing, where demand is more heated. The focus, however, will continue on projects aimed at the middle-high and high-income population.

Another growth path planned for 2018 will be the purchase of participation in projects that are already underway, preferably in those where the company is a partner. "This is an initiative that we already do and we think it is possible to accentuate it”, he commented.

Fugazza also explained that the liquidity cushion generated by the sale of tower B of the EZ Towers project for R $ 650 million in the last quarter will give the company peace of mind to look at and participate in relevant businesses in the São Paulo metropolitan area, the focus of its operations. With the sale, the developer reached a net cash position of R $ 833.5 million at the end of September, compared to R $ 292.9 million at the end of June.

“Cash paid to CDI is less attractive today than it was in recent years. If we do not find an operational destination for these resources, the board will probably direct it towards shareholder compensation. This will still be decided” , he clarified.

 

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In 2018, Eztec also plans to start its new corporate venture Triple A, which will consist of two towers, on the land located in front of the EZ Towers, in the extension of Avenida Chucri Zaidan, south of the city of São Paulo. Delivery is expected around 2021. More details will be announced at the public meeting with investors to be held in December.

"The intention is to start construction and commercialization next year , " said Fugazza . "We are in the process of approving the licenses and ending the decontamination of the land."

 

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