Gerdau: 1st quarter of 2014 Highlights
PORTO ALEGRE, Brazil, May 7, 2014 /PRNewswire/ -- Shipments of steel products reached 4.4 million tonnes in the 1Q14, a reduction of 3.7% when compared to 1Q13.
Net Sales reached R$ 10.6 billion in the 1Q14, an increase of 15.1% when compared to 1Q13.
1Q14 EBITDA reached R$ 1.2 billion, compared to R$ 805 million in the 1Q13. The EBITDA margin reached 11.3% in the 1Q14, higher than 8.8% recorded in 1Q13, due to the better performance in the various regions where the Company operates, with the exception of North America.
Net Income totaled R$ 440 million in the 1Q14, compared to R$ 160 million in the 1Q13.
Investments in fixed assets totaled R$ 676.8 million in the 1Q14.
Net Debt was R$ 12.9 billion on March 31, 2014, representing 2.5 times the last twelve months EBITDA.
Metalurgica Gerdau S.A. and Gerdau S.A. deliberated the dividend payment (Interest on Capital Stock) of, respectively, R$ 44.7 million (R$ 0.11/share) and R$ 119.3 million (R$ 0.07/share), based on 1Q14 results, which will start to be paid on May 30, 2014.
Gerdau S.A. informs that it is filling today its 1Q14 results at the Securities and Exchange Commission (SEC) and at the Comissão de Valores Mobiliarios (CVM), which are available at Gerdau's website. To access this document, please click on http://ri.gerdau.com/enu/s-6-enu.html?idioma=enu
The 1Q14 Valuation Guide is also available at Gerdau's website ttp://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu
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SOURCE Gerdau S.A.