São Paulo, March 31th, 2015 - Viver Incorporadora e Construtora S.A. (BM&FBOVESPA: VIVR3) announces its operating and financial results for 4Q14
Highlights:
-
Mortgage transfer process exceeded R$228 million in 2014 and cash generation totaled R$59 million.
-
Proven reduction in general and administrative expenses, which follow a downward trend and is and will remain at an annualized level of less than R$35 million.
-
Focus on project execution. The Company delivered 3 projects in 4Q14, totaling 10 projects delivered in 2014, equivalent to 2,636 units and a PSV of R$529 million (Viver's share).
-
Viver expects to deliver 10 projects over the next 12 months, adding approximately R$303 million to performing receivables and R$110 million to completed inventory.
-
Gross sales amounted to R$32.9 million in 4Q14, totaling R$148.9 million for the year. Net sales were R$15.3 million in 2014.
-
Conclusion of the Raposão land sale, with a consequent decrease of approximately R$130 million in corporate debt and the execution of an option for the sale of the Parque do Carmo land for the amount of R$35 million, which will allow the amortization of the debt linked to the asset.
- Rollover of approximately R$160 million in corporate debt in 2014, adjusting the amortization flow to the receivable transfer schedule.
distributed by |