CSN Posts Record Steel And Mining Revenue In 3Q13
SAO PAULO, Nov. 14, 2013 /PRNewswire/ -- CSN - Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 3Q13 and 9M13:
- CSN posted record net revenue of R$4.7 billion in 3Q13, 15% up on 2Q13. Year-to-date net revenue came to R$12.4 billion, also a new record;
- Adjusted EBITDA totaled R$1.7 billion in 3Q13, 51% up on the R$1.1 billion recorded in 2Q13, fueled by the mining and steel segments;
- The consolidated EBITDA margin reached 31% in 3Q13, the highest quarterly figure since 4Q11;
- Net revenue from steel operations reached the record amount of R$3.2 billion in 3Q13, 2% up on 2Q13. In the first nine months, steel revenue came to R$9.3 billion, 17% more than in 9M12 and another new record;
- Total steel sales in 9M13 amounted to 4.7 million tonnes, while domestic steel sales totaled 3.6 million tonnes, both 8% up year-on-year and also new records;
- Third-quarter net revenue from mining operations reached R$1.6 billion, 67% higher than in 2Q13.
- Iron ore shipped through Tecar, in the Port of Itaguai, reached its highest ever volume of 8.3 million tonnes in 3Q13;
- Net revenue from port logistics (Tecon) was also a record, totaling R$133 million in 9M13, 22% up year-on-year, with a record number of 194 thousand containers handled;
- CSN's cement sales in the first nine months reached an all-time high of 1.5 million tonnes, generating record net revenue of R$308 million;
- CSN closed the third quarter with cash and cash equivalents of R$14.4 billion.
The full Earnings Release is available on CSN's IR website at www.csn.com.br/ir.
CSN will be hosting conference call about its 3Q13 Earnings on THURSDAY, November 14th, 2013, at 11:00 a.m. (US ET) in Portuguese with simultaneous translation into English. Connection details may be obtained on the Company's IR website.
Investor Relations Executive Officer
Phone: +55 11 3049-7588
SOURCE CSN - Companhia Siderugica Nacional
More by this Source
CSN atinge receita líquida recorde nos segmentos de siderurgia e mineração no 3T13
Nov 14, 2013, 05:54 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.