HELBOR EMPREENDIMENTOS S.A. Reports 1Q14 Results - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

HELBOR EMPREENDIMENTOS S.A. Reports 1Q14 Results

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SOURCE HELBOR EMPREENDIMENTOS S.A.

Total Pre-Sales reached R$ 412.4 million

SAO PAULO, May 13, 2014 /PRNewswire/ --

Highlights

Total Pre-Sales came to R$ 412.4 million in 1Q14 and Helbor's share reached R$ 297.0 million, respective increases of 46.2% and 25.8% respectively over 1Q13.

Total Launched Potential Sales Value (PSV) came to R$ 247.9 million in 1Q14, of which Helbor's share was R$ 163.6 million, 40.9% lower than 1Q13.

The Sales over Supply Ratio (SoS), Helbor's share, stood at 13.2% in 1Q14, and the SoS LTM, that considers the last 12 months, reached 42.3%.

Deliveries totaled R$ 594.0 million in Total PSV in 1Q14, corresponding to 961 units, while Helbor's share at the time of launch was R$ 398.4 million.

Net Operating Revenue grew 13.2% in the quarter, from R$ 378.4 million in 1Q13 to R$ 428.3 million in 1Q14.

Gross Profit came to R$ 125.3 million in 1Q14, with a Gross Margin of 29.3% and an Adjusted Gross Margin of 38.2%.

Net Income amounted to R$ 51.7 million in 1Q14, with a Net Margin of 12.1%.

ROE in the last 12 months came to 25.7%, while quarterly annualized ROE stood at 16.8%.

Conference Call

(In Portuguese with simultaneous translation into English)



Date:

May 14, 2014

Time:

3:00 pm (Brasilia Time)


2:00 pm (Eastern Standard Time)


6:00 pm (GMT)

Portuguese
Dial-in: +55 (11) 2188-0155
Code: Helbor
Webcast: Click here

English
Dial in: +55 (11) 2188 0155
New York: +1 (646) 843 6054
Code: Helbor
Webcast: Click here

Contact
HELBOR EMPREENDIMENTOS S/A - Investor Relations
Sao Paulo - SP
ri@helbor.com.br
Tel: (11) 3174-1211

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