PORTO ALEGRE, Brazil, May 7, 2013 /PRNewswire/ -- Gerdau S.A. announces 1st quarter of 2013 Highlights:
Shipments of steel products reached 4.6 million tonnes in the 1Q13, a 4% reduction when compared to 1Q12.
Net Sales reached R$ 9.2 billion in the 1Q13, flat when compared to 1Q12, since the reduction in shipments was fully offset by the higher net sales per tonne shipped.
1Q13 EBITDA reached R$ 805 million, compared to R$ 1.0 billion in the 1Q12. The EBITDA margin reached 9% in the 1Q13, lower than the 11% recorded in 1Q12 and 10% in 4Q12, due to the reduction in consolidated gross profit.
Net Income totaled R$ 160 million in the 1Q13.
Investments in fixed assets totaled R$ 571 million in the 1Q13.
Net Debt was R$ 13.1 billion on March 31, 2013, representing 3.3 times the last twelve months EBITDA.
Metalurgica Gerdau S.A. and Gerdau S.A. deliberated the dividend payment of, respectively, R$ 8 million (R$ 0.02/share) and R$ 34 million (R$ 0.02/share), based on 1Q13 results, which will start to be paid on May 29, 2013.
Gerdau S.A. informs that it is filling today its 1Q13 results at the Securities and Exchange Commission (SEC) and at the Comissao 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 1Q13 Valuation Guide is also available at Gerdau's website
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SOURCE Gerdau S.A.