EZTEC - Improved Sales from Previous Quarter and Net Income of R$39.4 Million in...

EZTEC - Improved Sales from Previous Quarter and Net Income of R$39.4 Million
in 1Q09

SAO PAULO, May 11 /PRNewswire/ -- EZTEC S.A. announces today its results for
the 1Q09.

Highlights

-- Net Revenue in 1Q09 was R$104.5 million, growing by 69.4% in relation
to
the same quarter of last year.
-- Gross Income in 1Q09 was R$44.8 million, up 52.8% in relation to 1Q08,
for gross margin of 42.9%.
-- EBITDA in 1Q09 was R$36.3 million, up 148.8% against 1Q08, for EBITDA
margin of 34.8%.
-- Net Income in 1Q09 was R$39.4 million, 71.5% higher than in 1Q08, for
net margin of 37.7%.
-- Net Cash closed 1Q09 at R$160.5 million and performing receivables
from
real estate projects totaled R$78.1 million.
-- In 1Q09, EZTEC launched the commercial project Superia Moema Corporate
in the city of Sao Paulo, with own potential sales (PSV) of R$54.4
million.
-- Despite the lower launch volume in 1Q09, EZTEC's share of
Contracted Sales totaled R$69.6 million, increasing 45.9% from 4Q08.

-- On March 31, 2009, EZTEC's land bank represented R$3.4 billion in
own PSV. The average land bank acquisition cost was equivalent to 8.6%
of PSV.

Conference Call
Tuesday, May 12, 2009 - 09:30 a.m. (US ET)
Webcast: www.eztec.com.br/ir
Phone: (1 973) 935-8893
Code: #95749932

For further information contact:
EZTEC S.A. - Investor Relations
Phone: +55 (11) 5056-8313
E-mail: ri@eztec.com.br
www.eztec.com.br/ir

About EZTEC
With a 30-year history, EZTEC is one of the most profitable publicly held
companies within the Brazilian real estate industry. Through its entirely
integrated business model, the Company has already launched 51 projects,
totaling 1.1 million square meters including built area and area under
construction, and 8,609 units. EZTEC S.A. is listed on the Bovespa's Novo
Mercado segment under the ticker EZTC3.
SOURCE EZTEC S.A.

EZTEC S.A. - Investor Relations, +55-(11)-5056-8313, ri@eztec.com.br