Gerdau S.A. - Consolidated Information
1st quarter of 2015 Highlights
PORTO ALEGRE, Brazil, May 6, 2015 /PRNewswire/ -- Shipments of steel products reached 4.1 million tonnes in the 1Q15, a reduction of 5.6% when compared to 1Q14.
Net Sales reached R$ 10.4 billion in the 1Q15.
1Q15 EBITDA reached R$ 1.1 billion, compared to R$ 1.2 billion in the 1Q14. The EBITDA margin reached 10.4% in the 1Q15, lower than 11.3% recorded in 1Q14, reflecting mainly the weaker performance of the Brazil and Iron Ore BOs, which was partially offset by the better performance of the North America BO.
Net Income totaled R$ 267 million in the 1Q15.
Investments in CAPEX totaled R$ 612.3 million in the 1Q15.
Net Debt was R$ 17.0 billion on March 31, 2015, representing 3.2 times the last twelve months EBITDA.
Gerdau S.A. deliberated the payment of dividend, as interest on capital stock, of R$ 101.2 million (R$ 0.06/share), based on 1Q15 results, which will start to be paid on June 2, 2015.
Additional Information
Gerdau S.A. informs that it is filling today its 1Q15 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 1Q15 Valuation Guide is also available at Gerdau's website
http://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu
Investor Relations
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SOURCE Gerdau S.A.
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