CSN Posts Record Steel And Mining Revenue In 3Q13

Nov 14, 2013, 05:50 ET from CSN - Companhia Siderugica Nacional

SAO PAULO, Nov. 14, 2013 /PRNewswire/ -- CSN - Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 3Q13 and 9M13:

  • CSN posted record net revenue of R$4.7 billion in 3Q13, 15% up on 2Q13. Year-to-date net revenue came to R$12.4 billion, also a new record;
  • Adjusted EBITDA totaled R$1.7 billion in 3Q13, 51% up on the R$1.1 billion recorded in 2Q13, fueled by the mining and steel segments;
  • The consolidated EBITDA margin reached 31% in 3Q13, the highest quarterly figure since 4Q11;
  • Net revenue from steel operations reached the record amount of R$3.2 billion in 3Q13, 2% up on 2Q13. In the first nine months, steel revenue came to R$9.3 billion, 17% more than in 9M12 and another new record;
  • Total steel sales in 9M13 amounted to 4.7 million tonnes, while domestic steel sales totaled 3.6 million tonnes, both 8% up year-on-year and also new records;  
  • Third-quarter net revenue from mining operations reached R$1.6 billion, 67% higher than in 2Q13.
  • Iron ore shipped through Tecar, in the Port of Itaguai, reached its highest ever volume of 8.3 million tonnes in 3Q13;
  • Net revenue from port logistics (Tecon) was also a record, totaling R$133 million in 9M13, 22% up year-on-year, with a record number of 194 thousand containers handled;
  • CSN's cement sales in the first nine months reached an all-time high of 1.5 million tonnes, generating record net revenue of R$308 million;
  • CSN closed the third quarter with cash and cash equivalents of R$14.4 billion.

The full Earnings Release is available on CSN's IR website at www.csn.com.br/ir.

CSN will be hosting conference call about its 3Q13 Earnings on THURSDAY, November 14th, 2013, at 11:00 a.m. (US ET) in Portuguese with simultaneous translation into English. Connection details may be obtained on the Company's IR website.

Investor Relations David Salama Investor Relations Executive Officer Phone: +55 11 3049-7588 david.salama@csn.com.br

SOURCE CSN - Companhia Siderugica Nacional