Gerdau S.A. - Consolidated Information
3rd quarter of 2014 Highlights
PORTO ALEGRE, Brazil, Nov. 5, 2014 /PRNewswire/ -- Shipments of steel products reached 4.6 million tonnes in the 3Q14, a reduction of 4.5% when compared to 3Q13.
Net Sales reached R$ 10.7 billion in the 3Q14, an increase of 2.0% when compared to 3Q13.
3Q14 EBITDA reached R$ 1.2 billion and the EBITDA margin reached 11.4%, lower than 13.5% recorded in 3Q13, mainly due to the weaker performance of the Brazil Business Operation, which was partially offset by the better performance of the North America Business Operation.
Net Income totaled R$ 262 million in the 3Q14.
Investments in fixed assets totaled R$ 438.2 million in the 3Q14.
Net Debt was R$ 13.5 billion on September 30, 2014, representing 2.7 times the last twelve months EBITDA.
Metalurgica Gerdau S.A. deliberated an amount of R$ 16.3 million (R$ 0.04 per share) for payment of dividends. Gerdau S.A. deliberated an amount of R$ 85.2 million (R$ 0.05 per share) for payment of interest on equity. Both are based on 3Q14 results, which will start to be paid from November 27, 2014.
Additional Information
Gerdau S.A. informs that it is filling today its 3Q14 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 3Q14 Valuation Guide is also available at Gerdau's website
http://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu
Investor Relations
[email protected]
+55 51 3323 2703
SOURCE Gerdau S.A.
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