PORTO ALEGRE, Brazil, May 4, 2016 /PRNewswire/ -- Consolidated EBITDA and EBITDA margin improved in 1Q16 compared to 4Q15, despite the scenario in the world steel industry.
Positive free cash flow in 1Q16: EBITDA in the period covered all of the Company's commitments.
Gross debt declines by R$ 2.8 billion from December 2015 to March 2016.
Gerdau's performance in 1Q16 is not a trend for the year.
Reduction of 18 days in the cash conversion cycle from March 2015 to March 2016, recording the lower cycle since 4Q13, resulted from strong management efforts to reduce inventories.
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filling today its 1Q16 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 1Q16 Valuation Guide is also available at Gerdau's website http://ri.gerdau.com/static/enu/guia-modelagem.asp?idioma=enu
+ 55 51 3323 2703
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SOURCE Gerdau S.A.